Wed, March 25, 2015
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
Inflation Plummeted to zero in February, which means Britain, is on course for its first period of falling consumer prices in more than half a century. CPI growth slowed to 0.1% in February from 0.3% in January.
The slowdown from 0.3% in January was a lot more than had been predicted and marked the first zero reading since comparable records began in 1989. Based on constructed historical data, it’s the weakest since 1960.
The largest sector which saw a slump in February came from food and non-alcoholic drinks as well as furniture, household equipment and computer equipment. Food and drink prices fell to a record 3.3%. Fuel also came down slightly.
Mark Carney the Bank of England Governor has said that inflation rate could drop below zero in the coming months, although the slump could be temporary, due to cheaper oil prices. Weak price growth means there’s little pressure on the BOE to raise its key interest rate from a record-low 0.5%.
The Pound remained weak against the Dollar after the data was released and was trading at $1.4923 yesterday morning and continued its downward spiral through out the day, hitting a low of 1.4863 this morning. It weakened for a third day versus the euro to €1.3623 against the Euro
Data to look out today.
09:30: UK Retail sales
12.30: USD Initial Jobless claim.
13:45: USD PMI
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
| Day | Time | Currency | Event |
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| WED | 09:00 | EUR | EUR German IFO - Business Climate | WED | 09:00 | EUR | EUR German IFO - Current Assessment | WED | 09:00 | EUR | EUR German IFO - Expectations | WED | 09:30 | GBP | GBP BBA Loans for House Purchase | WED | 10:30 | USD | USD Fed's Evans Speaks on Economy Monetary Policy in London | WED | 11:00 | USD | USD MBA Mortgage Applications | WED | 12:30 | USD | USD Durable Goods Orders | WED | 12:30 | USD | USD Cap Goods Orders Nondef Ex Air | WED | 12:30 | USD | USD Cap Goods Ship Nondef Ex Air | WED | 12:30 | USD | USD Durables Ex Transportation | WED | 14:30 | USD | USD DOE U.S. Crude Oil Inventories | WED | 14:30 | USD | USD DOE Cushing OK Crude Inventory | WED | 14:30 | USD | USD DOE U.S. Gasoline Inventories | WED | 14:30 | USD | USD DOE U.S. Distillate Inventory |
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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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