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.





KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex

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)

Foreign Exchange Rates

GBP/ USD 1.5405
GBP/ EUR 1.3787
EUR/ USD 1.1164
GBP/ AUD 1.9497
GBP/ CAD 1.8689
GBP/ CHF 1.4331
GBP/ CZK 37.827
GBP/ DKK 10.2867
GBP/ HKD 11.9378
GBP/ INR 98.35
GBP/ JPY 184.66
GBP/ NOK 11.6095
GBP/ NZD 2.0847
GBP/ PLN 5.6174
GBP/ SEK 12.7472
GBP/ SGD 2.0548
GBP/ THB 51.85
GBP/ TRY 4.1641
GBP/ ZAR 18.4560
GBP/ CNY 9.4620

*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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