Foreign Exchange Daily Market Update 03/07/2015

Fri, July 03, 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

Greece Is to Europe as Puerto Rico Is to America 

Some economists don’t fear a Greek exit from the Euro because they can count the costs. Most political leaders are worried because they can’t.

No one really knows how a Greek exit would be arranged, but the case for it runs like this: with 11 million people, Greece represents 3.2% of the population and 1.8% of the output of the 19-nation euro zone’s 10.1 trillion-euro economy.

U.K. services grew more than economists expected in June, suggesting an enhancing recovery that remains overly reliant on domestic demand.

An index of services, the largest part of the economy, jumped to 58.5 from 56.5 in May, Market Economics said on Friday, beating the 57.5 forecast of economists in a Bloomberg survey. The report suggests the economy grew 0.5% in the second quarter after a 0.4% rise at the start of the year.

The pound weakened to 1.4050 this morning against the Euro. The pound extended its gains against the Dollar. It was up 0.1% at 1.5625 this morning.

Data to look out for today.   

10:00: Eur – Euro-Zone Retail sales  

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 07:45 EUR EUR Markit/ADACI Italy Composite PMI
FRI 07:45 EUR EUR Markit/ADACI Italy Services PMI
FRI 07:50 EUR EUR Markit France Services PMI
FRI 07:50 EUR EUR Markit France Composite PMI
FRI 07:55 EUR EUR Markit Germany Services PMI
FRI 07:55 EUR EUR Markit/BME Germany Composite PMI
FRI 08:00 EUR EUR Markit Eurozone Services PMI
FRI 08:00 EUR EUR Markit Eurozone Composite PMI
FRI 08:30 GBP GBP Official Reserves (Changes)
FRI 08:30 GBP GBP Markit/CIPS UK Services PMI
FRI 08:30 GBP GBP Markit/CIPS UK Composite PMI
FRI 09:00 EUR EUR Euro-Zone Retail Sales (MoM)
FRI 09:00 EUR EUR Euro-Zone Retail Sales (YoY)

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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