Foreign Exchange Daily Market Update 11/05/2015
Mon, May 11, 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 gains for 3rd day against the Euro ahead of BOE rate decision.
The Pound strengthened for a third day against the Euro before the Bank of England announces its latest monetary policy decision today.
Sterling rose against most of its 16 major peers, extending gains made at the end of last week after the U.K. election unexpectedly produced an outright majority win for the Conservative party. While the result ended concern that drawn-out talks would be needed to form a government, the Tory victory is expected to come with less public borrowing.
The Pound rose 0.2% to €1.3822 against the Euro this morning. It surged 1.9% on Friday, the biggest gain since March 2009. Sterling fell 0.2% to $1.5428 against the Dollar after climbing to $1.5523 at the end of last week, the highest level since Feb. 26.
BOE Governor Mark Carney is expected to keep interest rates at a record-low 0.5%.
Data to look out today.
12:00: UK Bank Rate decision.
14:00: Eur Euro – area Finance Ministers meet in Brussels.
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 |
|
MON | 07:00 | EUR | EUR ECB's Nowotny Speaks |
MON | 11:00 | GBP | GBP Bank of England Rate Decision |
MON | 11:00 | GBP | GBP BOE Asset Purchase Target |
MON | 13:00 | EUR | EUR Euro-Area Finance Ministers Meet in Brussels |
MON | 14:00 | USD | USD Labor Market Conditions Index Change |
MON | 23:01 | GBP | GBP BRC Sales Like-For-Like (YoY) |
|