Foreign Exchange Daily Market Update 22/03/2016

Tue, March 22, 2016

Pound Suffers After Brussels Tragedy

The Pound suffered the biggest impact in the currency market of the Brussels explosions amongst speculation the tragedy boosts the case of campaigners who want Britain leave the EU in the summer.

Two explosions ripped through the Brussels airport departure hall and a third rocked a downtown subway station this morning, causing deaths and injuries, according to initial Belgian news reports.

Sterling was the worst-performer among 16 major peers on as a result to this, falling for a second day versus both the Dollar and the Euro.

The pound is already trailing other currencies this year amongst speculation a vote to leave the EU on June 23 will set back the nation’s economic recovery.

The Pound fell 0.6% against the Dollar to 1.4282 as of 9:20 a.m. and weakened 0.3% to 1.2747 against the Euro.

Data to look out for today.

09:30: GBP Consumer Price Index

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 09:00 EUR EUR German IFO - Expectations
TUE 09:00 EUR EUR German IFO - Business Climate
TUE 09:00 EUR EUR German IFO - Current Assessment
TUE 09:30 GBP GBP Consumer Price Index (MoM)
TUE 09:30 GBP GBP Consumer Price Index (YoY)
TUE 09:30 GBP GBP Core Consumer Price Index (YoY)
TUE 09:30 GBP GBP Producer Price Index Output n.s.a. (YoY)
TUE 09:30 GBP GBP Producer Price Index Output Core n.s.a. (MoM)
TUE 09:30 GBP GBP Producer Price Index Output Core n.s.a. (YoY)
TUE 09:30 GBP GBP DCLG UK House Prices (YoY)
TUE 09:30 GBP GBP Public Finances (PSNCR) (Pounds)
TUE 09:30 GBP GBP Public Sector Net Borrowing (Pounds)
TUE 09:30 GBP GBP Retail Price Index
TUE 09:30 GBP GBP Retail Price Index (MoM)
TUE 09:30 GBP GBP Retail Price Index (YoY)
TUE 09:30 GBP GBP Retail Price Index Ex Mort Int.Payments (YoY)
TUE 09:30 GBP GBP Producer Price Index Input n.s.a. (MoM)
TUE 09:30 GBP GBP Producer Price Index Input n.s.a. (YoY)
TUE 09:30 GBP GBP Producer Price Index Output n.s.a. (MoM)
TUE 09:30 GBP GBP Central Government NCR
TUE 09:30 GBP GBP PSNB ex Banking Groups
TUE 10:00 EUR EUR German ZEW Survey (Current Situation)
TUE 10:00 EUR EUR German ZEW Survey (Economic Sentiment)
TUE 10:00 EUR EUR Euro-Zone ZEW Survey (Economic Sentiment)
TUE 12:00 EUR EUR Bank of France's Villeroy de Galhau at Breugel Institute
TUE 13:00 USD USD House Price Index (MoM)
TUE 13:45 USD USD Markit US Manufacturing PMI
TUE 14:00 USD USD Richmond Fed Manufacturing Index
TUE 15:30 USD USD U.S. to Sell 4-Week Bills
TUE 17:30 USD USD Fed's Evans Speaks in Chicago
TUE 23:00 USD USD Fed's Harker Speaks in New York

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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