Foreign Exchange Daily Market Update 26/06/2015

Fri, June 26, 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

Please call us for free tickets to the Ladies European Masters.

2-5th July.

 

Pound Strengthens as BOE’s suggests U.K. rate hike.

The Bank of England policy maker Martin Weale suggested U.K. interest rates may need to rise earlier than expected.  Strong wages data means that the central bank could be ready to move in August.

U.K. inflation will probably bounce back sharply toward the BOE’s 2% target as the impact of falling oil prices and a stronger Pound fade. Also a week ago, the BOE released minutes of its June meeting in which it said restraints on the economy are a warning, while data showed wages are growing at the fastest pace in almost four years.

Sterling has been rising for most of this year on speculation that the BOE will be the second major central bank, after the U.S. Federal Reserve, to tighten policy. Sterling has strengthened 6.3% in the past three months.  

The Pound fell 0.3% to $1.5682 against the Dollar. It appreciated as much as 0.2% to 1.411 against the Euro.

 

Data to look out for today.  

Not much data out today

CURRENCY PAYMENTS MADE SIMPLE

http://www.kbrfx.com/general-information/kbr-foreign-exchange-ltd-is-official-partner-of-the-isps-handa-ladies-europ/

 

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 Import Price Index (MoM)
FRI 06:00 EUR EUR German Import Price Index (YoY)
FRI 08:00 EUR EUR Euro-Zone M3 s.a. (YoY)
FRI 08:00 EUR EUR Euro-Zone M3 s.a. (3M)
FRI 14:00 USD USD U. of Mich. Current Conditions
FRI 14:00 USD USD U. of Michigan Confidence
FRI 14:00 USD USD U. of Mich. Expectations
FRI 14:00 USD USD U. of Mich. 1 Yr Inflation
FRI 14:00 USD USD U. of Mich. 5-10 Yr Inflation
FRI 16:45 USD USD Fed's George Speaks on the Payments System in Kansas City
FRI 17:00 USD USD Baker Hughes U.S. Rig Count

Foreign Exchange Rates

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*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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