Foreign Exchange Daily Market Update 01/04/19

Mon, April 01, 2019

Sterling falls as Parliament falls short to end Brexit deadlock again.

Sterling headed for its worst month since October against the dollar after U.K. lawmakers voted against Theresa May’s Brexit plan for a third time on Friday.

On Friday Sterling slid to a three-week low instantly after the vote result. The failure of May’s last-ditch effort to get her deal through Parliament leaves the U.K. with the choice between crashing out of the EU without a deal in two weeks or looking a long extension of the exit date. Parliament will again today on various alternatives to May’s deal.

Donald Task president of the European council called an emergency EU summit for April 10, ahead of the current deadline for Britain to leave the bloc. A no-deal Brexit in two weeks’ time is now likely.

Sterling fell as much as 0.5% on Friday to $1.2978, the lowest since March 11, before slowly climbing back to $1.3026. It weakened 0.2% to 15.80 against the Euro.


  • U.K. lawmakers reject May’s deal by 344 votes to 286 on Friday.


Data to look out today.   

14:00 USD Manufacturing.





KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex

Data Releases

Day Time Currency Event
MON 06:45 EUR EUR Markit/ADACI Italy Manufacturing PMI
MON 06:50 EUR EUR Markit France Manufacturing PMI
MON 06:55 EUR EUR Markit/BME Germany Manufacturing PMI
MON 08:00 EUR EUR Markit Eurozone Manufacturing PMI
MON 08:30 GBP GBP Markit UK PMI Manufacturing s.a.
MON 09:00 EUR EUR Euro-Zone Unemployment Rate
MON 09:00 EUR EUR Euro-Zone Consumer Price Index Core (YoY)
MON 09:00 EUR EUR Euro-Zone Consumer Price Index Estimate (YoY)
MON 12:30 USD USD Retail Sales Advance (MoM)
MON 12:30 USD USD Retail Sales Ex Auto (MoM)
MON 12:30 USD USD Retail Sales Ex Auto and Gas
MON 12:30 USD USD Retail Sales Control Group
MON 13:45 USD USD Markit US Manufacturing PMI
MON 14:00 USD USD ISM Manufacturing
MON 14:00 USD USD ISM Employment
MON 14:00 USD USD ISM Prices Paid
MON 14:00 USD USD ISM New Orders
MON 14:00 USD USD Construction Spending (MoM)
MON 14:00 USD USD Business Inventories
MON 15:30 USD USD U.S. to Sell 3-Month Bills
MON 15:30 USD USD U.S. to Sell 6-Month Bills
MON USD USD Wards Total Vehicle Sales

Foreign Exchange Rates

GBP / USD 1.31014
GBP / EUR 1.16674
EUR / USD 1.12369
GBP / AUD 1.83950
GBP / CAD 1.74992
GBP / CHF 1.3047
GBP / CZK 30.0981
GBP / DKK 8.704326
GBP / HKD 10.35863
GBP / INR 90.364
GBP / JPY 145.398
GBP / MUR 42.29
GBP / NOK 11.24409
GBP / NZD 1.91306
GBP / PLN 5.01789
GBP / SEK 12.15366
GBP / SGD 1.77498
GBP / THB 41.5729
GBP / TRY 7.24512
GBP / ZAR 18.60538

*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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