Tue, July 19, 2016
The pound fell before a report economists say will show that the U.K.’s annual inflation rate rose in June.
Sterling fell against the majority of its 16 major peers. U.K. consumer prices are expected to have risen by 0.4% last month from a year earlier. The BOE’s 2% inflation target was last reached in December 2013.
The central bank indicated last week its readying stimulus for August as the economy reels from Britain’s decision to quit the EU. Minutes of the BOE’s July meeting showed most members of the Monetary Policy Committee expect policy to be loosened next month. Futures contracts indicate an 83% chance of a cut in August, compared with 14% on June 23, the day of the EU referendum. BOE officials led by Governor Mark Carney are scheduled to announce their next decision on Aug. 4.
The Pound fell 0.3% to 1.3218 against the Dollar as of 8:26 a.m. It dropped to a 31-year low of 1.2798 on July 6. Sterling weakened 0.2 to 1.1940 against the Euro. Sterling rose to a two-week high of 1.3481 on July 15, a day after the BOE unexpectedly left rates unchanged.
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
| Day | Time | Currency | Event |
|---|---|---|---|
| TUE | 08:00 | EUR | EUR ECB Bank Lending Survey | TUE | 08:30 | GBP | GBP Producer Price Index Input n.s.a. (YoY) | TUE | 08:30 | GBP | GBP Consumer Price Index (MoM) | TUE | 08:30 | GBP | GBP Consumer Price Index (YoY) | TUE | 08:30 | GBP | GBP Retail Price Index (YoY) | TUE | 08:30 | GBP | GBP Producer Price Index Output n.s.a. (YoY) | TUE | 08:30 | GBP | GBP Producer Price Index Output Core n.s.a. (YoY) | TUE | 08:30 | GBP | GBP Producer Price Index Output Core n.s.a. (MoM) | TUE | 08:30 | GBP | GBP Core Consumer Price Index (YoY) | TUE | 08:30 | GBP | GBP Retail Price Index | TUE | 08:30 | GBP | GBP Producer Price Index Output n.s.a. (MoM) | TUE | 08:30 | GBP | GBP Retail Price Index (MoM) | TUE | 08:30 | GBP | GBP Retail Price Index Ex Mort Int.Payments (YoY) | TUE | 08:30 | GBP | GBP Producer Price Index Input n.s.a. (MoM) | TUE | 08:30 | GBP | GBP House Price Index (YoY) | TUE | 09:00 | EUR | EUR German ZEW Survey (Current Situation) | TUE | 09:00 | EUR | EUR German ZEW Survey (Economic Sentiment) | TUE | 09:00 | EUR | EUR Euro-Zone ZEW Survey (Economic Sentiment) | TUE | 09:00 | EUR | EUR Euro-Zone Construction Output s.a. (MoM) | TUE | 09:00 | EUR | EUR Euro-Zone Construction Output w.d.a. (YoY) | TUE | 09:40 | GBP | GBP BOE Indexed Long-Term Repo Operation Results | TUE | 12:30 | USD | USD Housing Starts | TUE | 12:30 | USD | USD Building Permits | TUE | 12:30 | USD | USD Housing Starts (MoM) | TUE | 12:30 | USD | USD Building Permits (MoM) | TUE | 15:30 | USD | USD U.S. to Sell 52-Week Bills | TUE | 15:30 | USD | USD U.S. to Sell 4-Week Bills |
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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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