Foreign Exchange Daily Market Update 22/02/19

Fri, February 22, 2019

Housing market could fall if the UK leaves with No deal.

The UK’s over-valued housing market could see a modest correction if Britain leaves the EU without a deal, with London being affected the most.

If they fail to find an agreement, then home prices in the capital, which has long been a magnet for foreign investors, may will fall by 3% in the six months after the March 29 split.

This will spill over dramatically to the residential market, with London bearing the brunt.

In London prices are predicted to fall 2.0% this year.

The Pound fell to $1.3023 this morning against the dollar. Sterling jumped up to 1.149 against the Euro.

 

Data to look out today.   

15:30 EUR ECB President Draghi Speaks in Bologna Italy.

 

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 07:00 EUR EUR German Gross Domestic Product s.a. (QoQ)
FRI 07:00 EUR EUR German Gross Domestic Product n.s.a. (YoY)
FRI 07:00 EUR EUR German Gross Domestic Product w.d.a. (YoY)
FRI 07:00 EUR EUR German Private Consumption
FRI 07:00 EUR EUR German Government Spending
FRI 07:00 EUR EUR German Capital Investment
FRI 09:00 EUR EUR German IFO Business Climate
FRI 09:00 EUR EUR German IFO Expectations
FRI 09:00 EUR EUR German IFO Current Assessment
FRI 10:00 EUR EUR Euro-Zone Consumer Price Index Core (YoY)
FRI 10:00 EUR EUR Euro-Zone Consumer Price Index (MoM)
FRI 10:00 EUR EUR Euro-Zone Consumer Price Index (YoY)
FRI 15:15 USD USD Fed's Williams Daly Discuss Inflation at Forum in New York
FRI 15:30 EUR EUR ECB President Draghi Speaks in Bologna Italy
FRI 17:00 USD USD Clarida Speaks in New York on Fed Tools Communications
FRI 17:30 USD USD New York Fed's Potter Discusses Quantitative Tools
FRI 18:00 USD USD Baker Hughes U.S. Rig Count
FRI 18:30 USD USD Fed's Bullard to Speak on Balance Sheet in New York
FRI 18:30 USD USD Fed's Harker Takes Part in Panel Discussion on Balance Sheet
FRI 18:30 USD USD Quarles Speaks in New York on Future of Fed Balance Sheet
FRI 22:30 USD USD New York Fed's Williams Gives Closing Remarks at Fed Event
FRI GBP GBP CBI Reported Sales
FRI GBP GBP CBI Total Dist. Reported Sales

Foreign Exchange Rates

GBP / USD 1.30026
GBP / EUR 1.14717
EUR / USD 1.13339
GBP / AUD 1.83050
GBP / CAD 1.72092
GBP / CHF 1.30137
GBP / CZK 29.4279
GBP / DKK 8.56926
GBP / HKD 10.21263
GBP / INR 92.5664
GBP / JPY 144.245
GBP / MUR 43.98
GBP / NOK 11.21409
GBP / NZD 1.91636
GBP / PLN 4.97489
GBP / SEK 12.14166
GBP / SGD 1.76498
GBP / THB 40.7592
GBP / TRY 6.94312
GBP / ZAR 18.27138

*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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