Foreign Exchange Daily Market Update 23/03/2016

Wed, March 23, 2016

Sterling Continues To Fall After Attacks

The Pounds move against the Euro was one of the financial markets biggest movers yesterday after the Brussels terror attacks which boosted thoughts that the UK will vote to leave the EU this summer.

The Terrorist bombings in Brussels could conclusively lead UK citizens to pursue tighter control over the UK’s borders and immigration by voting to leave Europe in an effort to achieve greater control over security.

Inflation Data yesterday was lower than expected coming in below the 0.4% predicted by analysts. The 0.3% reading was unchanged from last month. Inflation remains the most important economic statistic for the Pound as it is the subject in which will decide the time for the BOE to raise interest rates.

Sterling fell to 1.4157 against the Dollar as of 9:19 a.m. The Pound also fell against the Euro to 1.2651

Data to look out for today.

Not Much Data Out Today

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