Foreign Exchange Daily Market Update 24/07/2015

Fri, July 24, 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 falls as decrease in retail sales dents BOE speculation. 

The Pound fell to a one-week low against the Euro after U.K. retail sales unexpectedly fell in June, denting the optimism about the strength of the economy and scope for higher interest rates.

Sterling nullified any gains made on Wednesday, when minutes of the Bank of England’s July meeting showed a growing number of policy makers had become concerned inflationary pressures are raising. That added to comments from Governor Mark Carney which led many to believe that rates could be increased soon.

The Pound depreciated 0.9% to €1.4095 against the Euro yesterday evening, and earlier touched €1.407770, the weakest level since July 14. Sterling plunged 0.5% to $1.5533 against the Dollar.

 

Data to look out today.   

15:00:  USD New Homes 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 07:00 EUR EUR Markit France Manufacturing PMI
FRI 07:00 EUR EUR Markit France Services PMI
FRI 07:00 EUR EUR Markit France Composite PMI
FRI 07:30 EUR EUR Markit/BME Germany Manufacturing PMI
FRI 07:30 EUR EUR Markit Germany Services PMI
FRI 07:30 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 08:00 EUR EUR Markit Eurozone Manufacturing PMI
FRI 08:30 GBP GBP BBA Loans for House Purchase
FRI 13:45 EUR EUR Markit US Manufacturing PMI
FRI 14:00 USD USD New Home Sales
FRI 14:00 USD USD New Home Sales (MoM)
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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