Foreign Exchange Daily Market Update 12/03/19

Tue, March 12, 2019

Sterling may strengthen 2% if hard Brexit is avoided.

 

Sterling could end the week anywhere in a range of 10% given the gap between the possible outcomes to Tonight Brexit vote.

The pound could fall as much as 8% if U.K. lawmakers dismiss Theresa May’s latest Brexit deal and then proceed to vote to leave the European Union without a deal.  On the other hand, it could climb 2%, building on this year’s 3.7% gains, if the U.K. avoids a hard Brexit.

Sterling rallied as much as 1.1% over night after May struck a deal with the EU to revise the terms of the U.K.’s exit from the bloc following talks in Strasbourg with Jean-Claude Juncker. Sterling rose 0.4% to $1.3207 at 7:20 a.m. this morning.

The Pound rose to $1.32013 this morning against the dollar. The pound rose 0.3% to 1.1706 against the Euro.

 

Data to look out today.   

13:30 USD Consumer Price Index CPI.  

 

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 08:45 EUR EUR SSM's Enria Speaks in Basel
TUE 09:30 GBP GBP Visible Trade Balance (Pounds)
TUE 09:30 GBP GBP Trade Balance Non EU GBP/Mn
TUE 09:30 GBP GBP Monthly GDP 3M/3M Change
TUE 09:30 GBP GBP Industrial Production (MoM)
TUE 09:30 GBP GBP Industrial Production (YoY)
TUE 09:30 GBP GBP Manufacturing Production (MoM)
TUE 09:30 GBP GBP Manufacturing Production (YoY)
TUE 09:30 GBP GBP Construction Output SA (MoM)
TUE 09:30 GBP GBP Construction Output SA (YoY)
TUE 09:30 GBP GBP Gross Domestic Product (MoM)
TUE 09:30 GBP GBP Index of Services (MoM)
TUE 10:00 USD USD NFIB Small Business Optimism
TUE 10:45 EUR EUR ECB's Lautenschlaeger Speaks in Basel
TUE 12:30 USD USD Consumer Price Index (MoM)
TUE 12:30 USD USD Consumer Price Index Ex Food and Energy (MoM)
TUE 12:30 USD USD Consumer Price Index (YoY)
TUE 12:30 USD USD Consumer Price Index Ex Food and Energy (YoY)
TUE 12:30 USD USD Consumer Price Index Core Index s.a.
TUE 12:30 USD USD Consumer Price Index n.s.a.
TUE 12:30 USD USD Real Avg Weekly Earnings (YoY)
TUE 12:30 USD USD Real Avg Hourly Earning (YoY)
TUE 12:45 USD USD Brainard Speaks at Community Reinvestment Conference in DC
TUE 17:00 USD USD U.S. to Sell USD24 Bln 10-Year Notes Reopening

Foreign Exchange Rates

GBP / USD 1.31914
GBP / EUR 1.17017
EUR / USD 1.12639
GBP / AUD 1.86350
GBP / CAD 1.76792
GBP / CHF 1.32937
GBP / CZK 30.0279
GBP / DKK 8.73126
GBP / HKD 10.35663
GBP / INR 91.7564
GBP / JPY 146.898
GBP / MUR 42.58
GBP / NOK 11.39409
GBP / NZD 1.92636
GBP / PLN 5.017489
GBP / SEK 12.37866
GBP / SGD 1.79498
GBP / THB 41.7692
GBP / TRY 7.18312
GBP / ZAR 18.86138

*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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