Foreign Exchange Daily Market Update 31/07/2015

Fri, July 31, 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

U.K. Mortgage Approvals Rose in June amid Housing Revival 

U.K. mortgage approvals rose more than expected in June in a sign of continued momentum in the housing market. Borrowing to businesses fell by the most on record.

Home-loan approvals climbed to 66,582 from an uphill amended 64,826 in May, compared to 66,000 predicted.

The figures shine with recent surveys showing revived strength in the housing market following the May general election as employment prospects improve, wages increase and households take advantage of record-low mortgage rates. In comparison to lending to non-financial businesses which fell by 5.5 billion pounds last month which is said to be the biggest drop since records began in May 2011.

The Pound strengthened for a third consecutive day against the Euro after the Fed policy makers said on Wednesday that they were satisfied with the U.S.’s progress toward full employment, increasing speculation of  rate increase, as soon as September.  Many believe that the BOE will be the second major central bank to increase rates after the Fed, and growth data earlier this week only emboldened wagers that Britain’s getting closer to acting.

The Pound rose 0.6% to 1.4289 against the Euro yesterday afternoon. The Pound had little change against the Dollar trading at 1.5612 against the Dollar.

Data to look out for today.  .

10:00: Euro Zone Consumer Price Index

 

Australia and Canada will be closed on Monday due to national holidays 

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 06:00 EUR EUR German Retail Sales (MoM)
FRI 06:00 EUR EUR German Retail Sales (YoY)
FRI 08:30 GBP GBP Lloyds Business Barometer
FRI 09:00 EUR EUR Euro-Zone Consumer Price Index - Core (YoY)
FRI 09:00 EUR EUR Euro-Zone Unemployment Rate
FRI 09:00 EUR EUR Euro-Zone Consumer Price Index Estimate (YoY)
FRI 12:30 USD USD Employment Cost Index
FRI 13:00 USD USD NAPM-Milwaukee
FRI 13:45 USD USD Chicago Purchasing Manager
FRI 14:00 USD USD U. of Michigan Confidence
FRI 14:00 USD USD U. of Mich. Current Conditions
FRI 14:00 USD USD U. of Mich. 1 Yr Inflation
FRI 14:00 USD USD U. of Mich. 5-10 Yr Inflation
FRI 14:00 USD USD U. of Mich. Expectations
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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