Foreign Exchange Daily Market Update 08/05/2015

Fri, May 08, 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 climbs on Tory Win.

The Pound’s surge on a projected Conservative victory in the general election but is clouded by the prospect of a referendum on the nation’s membership of the European Union.

Conservative Prime Minister David Cameron campaigned on a pledge to renegotiate Britain’s membership of the EU, Britain’s biggest trading partner;

The Conservatives are on course to win 329 of Parliament’s 650 seats, more than in the last election in 2010.

The Pound surged as much as 2.2% against the Euro as results continued to come in, and was 1.9% stronger at €1.38 this morning from 1.355 yesterday afternoon.  Sterling also rose 1.5%against the Dollar from $1.527 yesterday afternoon, rising to $1.5471 this morning after touching a more than two-month high of $1.5523.  

The initial impact will come from the result itself, and a strong Tory win will be seen as good news.  There will soon be anxiety about an EU referendum which might deter some overseas buyers.”

Data to look out today.   

13:30:  US Non farm payrolls.

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