Foreign Exchange Business Foreign Exchange Personal Foreign Exchange Partners

Foreign Exchange Daily Market Update 12/09/18

Wed, September 12, 2018

Hopes of a Brexit deal are supporting the pound.

Sterling came close to a three-year low against the Euro even after Britain’s employment market showed signs of endurance following the UK’s decision to quit the EU.

Many analysts see any further BOE policy tightening have cooled in recent weeks following August’s quarter-point interest-rate increase, with the next hike not fully priced in until the end of 2019.

The strong data supported the BOE’s decision to tighten policy last month.  Sterling has failed to reflect the stronger U.K. data and higher interest rates in recent months, which could mean there is room for it to catch up if Brexit risks ease

Sterling strengthened this week after Michel Barnier the EU chief negotiator said a deal was realistic by November, although strong U.K. growth numbers and above-consensus wage data, sterling has struggled to hold gains above $1.30.

Sterling fell to $1.3017 after touching $1.3043 against the dollar this morning, the pound traded at €1.1231 from €1.1249 against the Euro.

 

Data to look out today.  

Not much data due out today.

 

CURRENCY PAYMENTS MADE SIMPLE

 

PRESS RELEASE

KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex http://www.essexchronicle.co.uk/100-Essex-businesses-revealed-annual-survey/story-25140555-detail/story.html

Data Releases

Day Time Currency Event
WED 09:00 EUR EUR Euro-Zone Industrial Production s.a. (MoM)
WED 09:00 EUR EUR Euro-Zone Industrial Production w.d.a. (YoY)
WED 09:00 EUR EUR Euro-Zone Employment (QoQ)
WED 09:00 EUR EUR Euro-Zone Employment (YoY)
WED 11:00 USD USD MBA Mortgage Applications
WED 12:30 USD USD Producer Price Index Final Demand (MoM)
WED 12:30 USD USD Producer Price Index Final Demand (YoY)
WED 12:30 USD USD Producer Price Index Ex Food and Energy (MoM)
WED 12:30 USD USD Producer Price Index Ex Food and Energy (YoY)
WED 12:30 USD USD Producer Price Index Ex Food Energy Trade (MoM)
WED 12:30 USD USD Producer Price Index Ex Food Energy Trade (YoY)
WED 13:30 USD USD Fed's Bullard Speaks to CFA Society Chicago
WED 14:30 USD USD DOE U.S. Crude Oil Inventories
WED 14:30 USD USD DOE Cushing OK Crude Inventory
WED 14:30 USD USD DOE U.S. Gasoline Inventories
WED 14:30 USD USD DOE U.S. Distillate Inventory
WED 17:00 USD USD U.S. to Sell 10-Year Notes
WED 18:00 USD USD U.S. Federal Reserve Releases Beige Book
WED 23:01 GBP GBP RICS House Price Balance

Foreign Exchange Rates

GBP / USD 1.30167
GBP / EUR 1.12286
EUR / USD 1.15867
GBP / AUD 1.841377
GBP / CAD 1.707826
GBP / CHF 1.25465
GBP / CZK 28.67821
GBP / DKK 8.30830
GBP / HKD 10.28230
GBP / INR 93.8839
GBP / JPY 145.112
GBP / MUR 44.40
GBP / NOK 10.82266
GBP / NZD 2.011486
GBP / PLN 4.857613
GBP / SEK 11.68011
GBP / SGD 1.80000
GBP / THB 42.7948
GBP / TRY 9.521165
GBP / ZAR 19.64395

*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team

September 2018
S M T W T F S
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6
RSS Feed

Please subscribe to our FREE foreign exchange market update feed.

Cookies On The KBRFX Website

We use cookies on our website. They help us to know a little bit about you & how you use our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on our website. However, if you would like to, you can change your cookie settings at any time.

Continue Find out more