Foreign Exchange Daily Market Update 17/03/2015

Tue, March 17, 2015

BREAKING NEWS: KBR Foreign Exchange Plc. (KBRFX) identified in London Stock Exchange’s ‘1000 Companies to Inspire Britain’. 

KBRFX has made the London Stock Exchange's Second Edition of 1000 Companies to Inspire Britain. 1000 Companies to Inspire Britain is an annual celebration of some of the fastest-growing and most dynamic small and medium-sized enterprises (SMEs) in the UK

Full Press Release

 

Pound falls amid election Jitters.  

The Pound weakened, against the Dollar to the most since September, as concerns that no party will win the May 7 U.K. general election outright overshadowed optimism on wage growth.

Sterling fell even as the British government said it will increase the minimum wage and further boost apprentices’ pay. The Bank of England is set to publish minutes of its March policy meeting on Wednesday before Chancellor of the Exchequer George Osborne prepares to unveil his final budget before the election

The Pound fell 0.4% to $1.4773 this morning, after touching $1.47 on March 13, the lowest since June 2010. It weakened 0.8% percent to €1.3907 against the Euro.

We could see Sterling fall as low as $1.40 before the election.

Data to look out today.   

13:30 :  USD Housing  figures.

 

 

CURRENCY PAYMENTS MADE SIMPLE 

Data Releases

Day Time Currency Event
TUE 07:00 EUR EUR EU 27 New Car Registrations
TUE 10:00 EUR EUR Merkel ECB's Draghi Meet at Chancellery in Berlin
TUE 10:00 EUR EUR Euro-Zone Employment (QoQ)
TUE 10:00 EUR EUR Euro-Zone Employment (YoY)
TUE 10:00 EUR EUR German ZEW Survey (Current Situation)
TUE 10:00 EUR EUR German ZEW Survey (Economic Sentiment)
TUE 10:00 EUR EUR Euro-Zone ZEW Survey (Economic Sentiment)
TUE 10:00 EUR EUR Euro-Zone Consumer Price Index (MoM)
TUE 10:00 EUR EUR Euro-Zone Consumer Price Index (YoY)
TUE 10:00 EUR EUR Euro-Zone Consumer Price Index - Core (YoY)
TUE 10:45 EUR EUR ECB Executive Board Member Peter Praet Speaks in Frankfurt
TUE 12:30 USD USD Housing Starts (MoM)
TUE 12:30 USD USD Building Permits (MoM)
TUE 12:30 USD USD Housing Starts
TUE 12:30 USD USD Building Permits

Foreign Exchange Rates

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*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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