Foreign Exchange Daily Market Update 11/01/19

Fri, January 11, 2019

Trump could declare national emergency if shutdown talks crumble.

President Trump said he is close to deciding on wither or not to declare a national emergency on the southern border, which he visited yesterday despite earlier reservations about taking the trip.

Trump warned before leaving the White House, he would take the steps to call a national emergency if talks with Democrats continue to crumble. The President stormed out of a meeting with Democratic leaders on Wednesday, insisting they weren't ready to deal.

The standoff has prompted a partial government shutdown that is now in its 20th day. Many federal workers will miss their first pay checks today.

Edging closer to using executive authority allowing him to repurpose federal funds for a border wall without congressional approval, Trump said he is within his rights to take the step. And he suggested there are alternate methods of securing funds outside of new legislation.

The Pound traded at $1.2762 against the dollar this morning. Sterling fell to 1.1074 against the Euro.

 

Data to look out today.   

13:30 USD CPI. (but could be delayed due to the shutdown.)

 

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
FRI 08:20 EUR EUR ECB's Mersch Speaks in Bratislava
FRI 09:30 GBP GBP Trade Balance
FRI 09:30 GBP GBP Visible Trade Balance (Pounds)
FRI 09:30 GBP GBP Trade Balance Non EU GBP/Mn
FRI 09:30 GBP GBP Industrial Production (MoM)
FRI 09:30 GBP GBP Industrial Production (YoY)
FRI 09:30 GBP GBP Manufacturing Production (MoM)
FRI 09:30 GBP GBP Manufacturing Production (YoY)
FRI 09:30 GBP GBP Construction Output SA (MoM)
FRI 09:30 GBP GBP Construction Output SA (YoY)
FRI 09:30 GBP GBP Index of Serices (MoM)
FRI 09:30 GBP GBP Index of Services (3Mo3M)
FRI 09:30 GBP GBP Monthly GDP 3M/3M Change
FRI 09:30 GBP GBP Gross Domestic Product (MoM)
FRI 13:30 USD USD Trade Balance
FRI 13:30 USD USD Consumer Price Index (MoM)
FRI 13:30 USD USD Consumer Price Index (YoY)
FRI 13:30 USD USD Consumer Price Index Ex Food and Energy (MoM)
FRI 13:30 USD USD Consumer Price Index Ex Food and Energy (YoY)
FRI 13:30 USD USD Consumer Price Index Core Index s.a.
FRI 13:30 USD USD Consumer Price Index n.s.a.
FRI 13:30 USD USD Real Avg Weekly Earnings (YoY)
FRI 13:30 USD USD Real Avg Hourly Earning (YoY)
FRI 15:00 USD USD Wholesale Inventories (MoM)
FRI 15:00 USD USD Wholesale Trade Sales (MoM)
FRI 18:00 USD USD Baker Hughes U.S. Rig Count
FRI 19:00 USD USD Monthly Budget Statement

Foreign Exchange Rates

GBP / USD 1.27599
GBP / EUR 1.10688
EUR / USD 1.15224
GBP / AUD 1.76550
GBP / CAD 1.68322
GBP / CHF 1.25403
GBP / CZK 28.3079
GBP / DKK 8.26026
GBP / HKD 10.00433
GBP / INR 89.9006
GBP / JPY 138.181
GBP / MUR 43.16
GBP / NOK 10.78109
GBP / NZD 1.86536
GBP / PLN 4.75389
GBP / SEK 11.32266
GBP / SGD 1.72492
GBP / THB 40.8092
GBP / TRY 6.9312
GBP / ZAR 17.66938

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

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