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Foreign Exchange Daily Market Update 19/05/2015

Tue, May 19, 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

 

U.K. inflation rate falls below 0 for first time since 1960 

Britain’s inflation rate fell below zero for the first time in more than half a century, as the drop in food and energy prices damped the cost of living.

Consumer prices fell 0.1 % from last year. It was expected to remain at zero. Core inflation dropped to 0.8%, the lowest since 2001.

With inflation so far below the Bank of England’s 2% target, policy makers are under little pressure now to raise the interest rate from a record-low 0.5%. Governor Mark Carney said last week that any period of falling prices will be temporary and an expected pickup in inflation at the end of the year means the next move in borrowing costs is likely to be an increase.

The Pound was down 0.7% at $1.5547 against the Dollar this morning. Sterling fell to €1.3860 against the Euro.   

 

Data to look out today.   

13:30 US Housing Stats.

 

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 06:00 EUR EUR EU 27 New Car Registrations
TUE 07:30 GBP GBP BOE's Bailey Speaks at Event in London
TUE 08:30 GBP GBP Consumer Price Index (YoY)
TUE 08:30 GBP GBP Retail Price Index
TUE 08:30 GBP GBP Producer Price Index Input n.s.a. (YoY)
TUE 08:30 GBP GBP Producer Price Index Output Core n.s.a. (MoM)
TUE 08:30 GBP GBP Producer Price Index Output Core n.s.a. (YoY)
TUE 08:30 GBP GBP Consumer Price Index (MoM)
TUE 08:30 GBP GBP Retail Price Index (YoY)
TUE 08:30 GBP GBP Producer Price Index Input n.s.a. (MoM)
TUE 08:30 GBP GBP Producer Price Index Output n.s.a. (MoM)
TUE 08:30 GBP GBP DCLG UK House Prices (YoY)
TUE 08:30 GBP GBP Core Consumer Price Index (YoY)
TUE 08:30 GBP GBP Retail Price Index (MoM)
TUE 08:30 GBP GBP Retail Price Index Ex Mort Int.Payments (YoY)
TUE 08:30 GBP GBP Producer Price Index Output n.s.a. (YoY)
TUE 09:00 EUR EUR Euro-Zone Trade Balance (euros)
TUE 09:00 EUR EUR German ZEW Survey (Current Situation)
TUE 09:00 EUR EUR Euro-Zone Trade Balance s.a. (euros)
TUE 09:00 EUR EUR Euro-Zone ZEW Survey (Economic Sentiment)
TUE 09:00 EUR EUR Euro-Zone Consumer Price Index (MoM)
TUE 09:00 EUR EUR Euro-Zone Consumer Price Index - Core (YoY)
TUE 09:00 EUR EUR German ZEW Survey (Economic Sentiment)
TUE 09:00 EUR EUR Euro-Zone Consumer Price Index (YoY)
TUE 12:30 USD USD Housing Starts
TUE 12:30 USD USD Revisions: U.S. Housing Starts
TUE 12:30 USD USD Housing Starts (MoM)
TUE 12:30 USD USD Building Permits (MoM)
TUE 12:30 USD USD Building Permits

Foreign Exchange Rates

GBP/ USD 1.5524
GBP/ EUR 1.3863
EUR/ USD 1.1191
GBP/ AUD 1.9471
GBP/ CAD 1.8924
GBP/ CHF 1.4453
GBP/ CZK 37.951
GBP/ DKK 10.3399
GBP/ HKD 12.0315
GBP/ INR 98.59
GBP/ JPY 186.33
GBP/ NOK 11.5787
GBP/ NZD 2.0935
GBP/ PLN 5.6087
GBP/ SEK 12.9041
GBP/ SGD 2.0658
GBP/ THB 52.84
GBP/ TRY 4.0149
GBP/ ZAR 18.3970
GBP/ CNY 9.5042

*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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