Foreign Exchange Daily Market Update 28/07/2015

Tue, July 28, 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 strengthens before GDP.   

The Pound strengthened against the Euro as speculation that economic-output data will show signs of recovery in the U.K. and that will encourage the Bank of England policy makers to consider the first interest-rate increase in eight years.

Sterling rose against the Euro before a data out today is expected to show the U.K. gross domestic product will increased by 0.7% from April to June, Britain’s 10th consecutive quarter of growth. Speculating rates will rise in May, compared with August 2016 as recently as July 10 this year.  

The Pound strengthened 0.1% to €1.4046 against the Euro as this morning, after touching €1.3995 on Monday, the weakest level since July 13. Sterling fell 0.1% to $1.5541 aginst the Dollar.

 

Data to look out today.   

09:30:  UK GDP 2ndQ.   

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 08:30 GBP GBP Index of Services (MoM)
Tue 08:30 GBP GBP Gross Domestic Product (YoY)
Tue 08:30 GBP GBP Index of Services (3Mo3M)
Tue 08:30 GBP GBP Gross Domestic Product (QoQ)
Tue 13:00 USD USD S&P/Case-Shiller US Home Price Index (YoY)
Tue 13:00 USD USD S&P/Case-Shiller US Home Price Index
Tue 13:00 USD USD S&P/CS 20 City s.a. (MoM)
Tue 13:00 USD USD S&P/Case-Shiller US Home Price Index (MoM)
Tue 13:00 USD USD S&P/Case-Shiller Composite-20 (YoY)
Tue 13:00 USD USD S&P/Case-Shiller Home Price Index
Tue 13:45 USD USD Markit US Composite PMI
Tue 13:45 USD USD Markit US Services PMI
Tue 14:00 USD USD Richmond Fed Manufacturing Index
Tue 14:00 USD USD Consumer Confidence

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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