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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

Day Time Currency Event
FRI 06:00 EUR EUR German Industrial Production n.s.a. and w.d.a. (YoY)
FRI 06:00 EUR EUR German Current Account (euros)
FRI 06:00 EUR EUR German Exports s.a. (MoM)
FRI 06:00 EUR EUR German Industrial Production s.a. (MoM)
FRI 06:00 EUR EUR German Trade Balance (euros)
FRI 06:00 EUR EUR German Imports s.a. (MoM)
FRI 07:00 GBP GBP Halifax House Price (3MoY)
FRI 07:00 GBP GBP Halifax Plc House Prices s.a. (MoM)
FRI 08:30 GBP GBP Visible Trade Balance (Pounds)
FRI 08:30 GBP GBP Total Trade Balance (Pounds)
FRI 08:30 GBP GBP Trade Balance Non EU (Pounds)
FRI 12:30 EUR EUR ECB's Constancio Speaks in London
FRI 12:30 USD USD Average Hourly Earnings (YoY)
FRI 12:30 USD USD Average Weekly Hours All Employees
FRI 12:30 USD USD Unemployment Rate
FRI 12:30 USD USD Change in Non-farm Payrolls
FRI 12:30 USD USD Average Hourly Earnings (MoM)
FRI 12:30 USD USD Change in Private Payrolls
FRI 12:30 USD USD Change in Manufacturing Payrolls
FRI 12:30 USD USD Two-Month Payroll Net Revision
FRI 12:30 USD USD Underemployment Rate
FRI 12:30 USD USD Change in Household Employment
FRI 12:30 USD USD Labor Force Participation Rate
FRI 13:45 USD USD Fed's Dudley Speaks on Community Banking in Bronx NY
FRI 14:00 USD USD Wholesale Inventories
FRI 14:00 USD USD Wholesale Trade Sales (MoM)
FRI 17:00 USD USD Baker Hughes U.S. Rig Count

Foreign Exchange Rates

GBP/ USD 1.5438
GBP/ EUR 1.3734
EUR/ USD 1.1232
GBP/ AUD 1.9492
GBP/ CAD 1.8669
GBP/ CHF 1.4229
GBP/ CZK 37.671
GBP/ DKK 10.2517
GBP/ HKD 11.9699
GBP/ INR 98.69
GBP/ JPY 185.23
GBP/ NOK 11.5199
GBP/ NZD 2.0736
GBP/ PLN 5.5726
GBP/ SEK 12.7544
GBP/ SGD 2.0537
GBP/ THB 51.72
GBP/ TRY 4.1467
GBP/ ZAR 18.5582
GBP/ CNY 9.4604

*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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