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Foreign Exchange Daily Market Update 05/05/2015

Tue, May 05, 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

Full Press Release

 

Pound volatility ahead of the election.  

The Pound’s volatility over the election has surpassed the Scottish independence referendum as a source of short-term volatility.

With just two days left of Britain’s tightest election since the 1970s, has seen a great deal of volatility on the pound against the Dollar, we have seen sterling climbed to as high as 18.6%, the most since May 2010. In September, before Scotland voted to remain part of the U.K., the measure peaked at 17.5%.

Opinion polls suggest neither Prime Minister David Cameron’s Conservatives nor Ed Miliband’s Labour Party will win the election outright. With the voting results due Friday morning, both sides will be calculating whether they can put together a majority with the support of one or more smaller parties, including the Scottish National Party, which campaigned for independence in last year’s referendum.

The Pound was little changed at $1.5129 this morning, after dropping 2.1% from 1.5489 in the previous three days. It strengthened 0.7 percent to €1.362  against the per Euro.

Data to look out today.   

Not much data due out today.

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 08:30 GBP GBP BBA Loans for House Purchase
TUE 08:30 GBP GBP Gross Domestic Product (YoY)
TUE 08:30 GBP GBP Index of Services (MoM)
TUE 08:30 GBP GBP Index of Services (3Mo3M)
TUE 08:30 GBP GBP Gross Domestic Product (QoQ)
TUE 13:00 USD USD S&P/CS 20 City (MoM) s.a.
TUE 13:00 USD USD S&P/Case-Shiller Composite-20 (YoY)
TUE 13:00 USD USD S&P/Case-Shiller Home Price Index
TUE 13:00 USD USD S&P/CaseShiller 20-City Index n.s.a.
TUE 13:00 USD USD S&P/Case-Shiller US Home Price Index (YoY)
TUE 13:00 USD USD S&P/Case-Shiller US Home Price Index
TUE 14:00 USD USD Consumer Confidence
TUE 14:00 USD USD Richmond Fed Manufacturing Index

Foreign Exchange Rates

GBP/ USD 1.5113
GBP/ EUR 1.3593
EUR/ USD 1.1111
GBP/ AUD 1.9190
GBP/ CAD 1.8271
GBP/ CHF 1.4111
GBP/ CZK 37.169
GBP/ DKK 10.1455
GBP/ HKD 11.7165
GBP/ INR 95.80
GBP/ JPY 181.84
GBP/ NOK 11.5342
GBP/ NZD 2.0145
GBP/ PLN 5.4502
GBP/ SEK 12.6887
GBP/ SGD 2.0196
GBP/ THB 50.45
GBP/ TRY 4.0952
GBP/ ZAR 18.1652
GBP/ CNY 9.2696

*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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