Foreign Exchange Business Foreign Exchange Personal Foreign Exchange Partners

Foreign Exchange Daily Market Update 30/10/18

Tue, October 30, 2018

Pound still under pressure after the Budget.

Sterling is drifting lower against the U.S. Dollar but remains steady against the Euro after markets opted to delay until after Brexit.

Phillip Hammond announced to Parliament that U.K. economic growth forecasts for 2019, reports that wage growth should be expected over the coming five years; this is a good indication for Sterling long-term.

The UK economy isn't that bad, and the reduced Brexit uncertainty could be a powerful boost for sterling in 2019.

We don't see the budget playing a large part in Sterling's movements yesterday and coming days and expect Brexit headlines and external currency dynamics to remain in charge.

The Pound fell to $1.27586 this morning against the dollar. Sterling remained unchanged against the Euro at €1.122.

 

Data to look out today.   

10:00 EUR GDP (YOY)

13:00 EUR German Consumer Price.  

 

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
TUE 08:55 EUR EUR German Unemployment Change (000's) (OCT)
TUE 08:55 EUR EUR German Unemployment Claims Rate s.a. (OCT)
TUE 09:00 EUR EUR Italian Gross Domestic Product w.d.a. (QoQ) (3Q P)
TUE 09:00 EUR EUR Italian Gross Domestic Product w.d.a. (YoY) (3Q P)
TUE 10:00 EUR EUR Euro-Zone Economic Confidence (OCT)
TUE 10:00 EUR EUR Euro-Zone Industrial Confidence (OCT)
TUE 10:00 EUR EUR Euro-Zone Gross Domestic Product s.a. (QoQ) (3Q A)
TUE 10:00 EUR EUR Euro-Zone Gross Domestic Product s.a. (YoY) (3Q A)
TUE 10:00 EUR EUR Euro-Zone Consumer Confidence (OCT F)
TUE 11:00 GBP GBP CBI Reported Sales (OCT)
TUE 11:00 GBP GBP CBI Total Dist. Reported Sales (OCT)
TUE 13:00 EUR EUR German Consumer Price Index (MoM) (OCT P)
TUE 13:00 EUR EUR German Consumer Price Index (YoY) (OCT P))
TUE 13:00 USD USD S&P CoreLogic CS 20-City (MoM) SA (AUG)
TUE 13:00 USD USD S&P/Case-Shiller Composite-20 (YoY) (AUG)
TUE 13:00 USD USD S&P/Case-Shiller 20-City Index n.s.a (AUG)
TUE 13:00 USD USD S&P/Case-Shiller US Home Price Index (AUG)
TUE 13:00 USD USD S&P/Case-Shiller US Home Price Index (YoY) (AUG)
TUE 13:30 EUR EUR ECB's Praet Speaks in Frankfurt
TUE 14:00 USD USD Consumer Confidence Index (OCT)
TUE 14:00 USD USD Consumer Confidence Index (OCT)
TUE 14:00 USD USD Conf. Board Expectations (OCT)
TUE 14:10 EUR EUR ECB's Lautenschlaeger Speaks in Bahamas
TUE 15:30 USD USD U.S. to Sell 4-Week Bills
TUE 15:30 USD USD U.S. to Sell 8-Week Bills

Foreign Exchange Rates

GBP / USD 1.27560
GBP / EUR 1.12227
EUR / USD 1.13646
GBP / AUD 1.79957
GBP / CAD 1.67283
GBP / CHF 1.27763
GBP / CZK 29.0162
GBP / DKK 8.37391
GBP / HKD 10.0046
GBP / INR 93.8486
GBP / JPY 143.872
GBP / MUR 43.54
GBP / NOK 10.70689
GBP / NZD 1.94902
GBP / PLN 4.85489
GBP / SEK 11.68404
GBP / SGD 1.76492
GBP / THB 42.4292
GBP / TRY 7.047342
GBP / ZAR 18.71838

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

October 2018
S M T W T F S
301 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 31 1 2 3
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