Foreign Exchange Daily Market Update 06/07/2015

Mon, July 06, 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 strengthened to a week-high against the Euro on Greek Vote. 

The Pound rose to its strongest level in a week against the Euro after Greece’s rejection of austerity.  The Greek referendum showed 61% of voters rejected a bailout plan, raising the risk of an exit from the Euro.

Sterling has gained for from May through to June, and is also benefiting from the prospect that data this week from housing to industrial production will confirm the U.K. economy is growing.

The Pound gained 0.4% to 1.4056 against the Euro this morning, after touching 1.4172, the strongest level since June 29. It was little changed against the Dollar at 1.5571.

The yen has strengthened 3.1% against the Euro in the past month. The Yen rose to its strongest in 6 weeks against the Euro today after the Greek vote, and China’s stock market rout spurred demand for safer assets.

 

Data to look out for today.   

14.45:             USD PMI for June expected to better.

15:00:             USD Manufacturing expected to be better.

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 06:00 EUR EUR German Factory Orders s.a. (MoM)
MON 06:00 EUR EUR German Factory Orders n.s.a. (YoY)
MON 07:30 EUR EUR Market Germany Construction PMI
MON 08:00 GBP GBP New Car Registrations (YoY)
MON 08:10 EUR EUR Market Euro zone Retail PMI
MON 08:10 EUR EUR Market France Retail PMI
MON 08:10 EUR EUR Market Italy Retail PMI
MON 08:10 EUR EUR Market Germany Retail PMI
MON 08:30 EUR EUR Euro-Zone Sentix Investor Confidence
MON 13:45 USD USD Market US Composite PMI
MON 13:45 USD USD Market US Services PMI
MON 14:00 USD USD ISM Non-Manufacturing Composite
MON 14:00 USD USD Labour Market Conditions Index Change

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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