Foreign Exchange Daily Market Update 18/02/2016

Thu, February 18, 2016

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 ended its decline against the Euro.

The Pound ended its decline against the Euro as U.K. wage data came in better than expected.

Sterling rebounded from a two-week low against the Dollar after data showed pay excluding bonuses rose 2% since December and up 1.9% from the same time last year.  BOE officials have highlighted that wage growth is key to reaching their target of 2% inflation. Unemployment held at a decade-year low of 5.1% in the fourth quarter.

Even so, gains in the U.K. currency were subdued as Prime Minister David Cameron prepares for negotiations on the terms of Britain’s membership of the EU. The outcome of the talks in Brussels this week is set to determine the timing of the government’s referendum on whether to remain in the trading bloc.

The Pound was little changed at 1.2860 against the Euro yesterday morning, after earlier weakening as much as 0.7%. Sterling was at $1.4295, after earlier falling to $1.4245, the lowest since 1^st Feb.

Data to look out today.   

13:30: USD Initial Jobless claims.

13:30: USD Continuing Claims.  

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