Mon, November 07, 2016
Economists are stating that sterling’s best week since 2009 is just a ‘blip’. The Pound advanced after a court ruled the U.K. can’t start the movement of exiting the EU without lawmakers’ consent; stirring belief that Brexit will be slowed.
Even after its 2.8% jump last week, to just above 1.25 against the Dollar as of the Friday market close in London, Sterling is still down 16% since the June 23 referendum.
The Pound got a further lift after the BOE said Thursday that it doesn’t expect to cut interest rates again this year. Officials left the door open to future policy adjustments, though, and with next week’s U.S. election possibly causing instability across the world, sterling still faces risks.
The Pound Rose to 1.2537 against the Dollar on Friday before dropping to 1.2386 this morning. Sterling was at 1.1268 against the Euro on Friday, now trading at 1.1213.
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
| Day | Time | Currency | Event |
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| MON | 07:00 | EUR | EUR German Factory Orders s.a. (MoM) | MON | 07:00 | EUR | EUR German Factory Orders n.s.a. (YoY) | MON | 08:30 | GBP | GBP Halifax Plc House Prices s.a. (MoM) | MON | 08:30 | GBP | GBP Halifax House Price (3MoY) | MON | 08:30 | EUR | EUR Markit Germany Construction PMI | MON | 09:10 | EUR | EUR Markit Eurozone Retail PMI | MON | 09:10 | EUR | EUR Markit France Retail PMI | MON | 09:10 | EUR | EUR Markit Italy Retail PMI | MON | 09:10 | EUR | EUR Markit Germany Retail PMI | MON | 09:15 | EUR | EUR ECB's Constancio on Panel at EU Macro-Prudential Hearing | MON | 09:30 | EUR | EUR Euro-Zone Sentix Investor Confidence | MON | 10:00 | EUR | EUR Euro-Zone Retail Sales (MoM) | MON | 10:00 | EUR | EUR Euro-Zone Retail Sales (YoY) | MON | 15:00 | USD | USD Labor Market Conditions Index Change | MON | 16:00 | EUR | EUR ECB's Lautenschlaeger Speaks in Munich | MON | 16:30 | USD | USD U.S. to Sell 3-Month Bills | MON | 16:30 | USD | USD U.S. to Sell 6-Month Bills | MON | 20:00 | USD | USD Consumer Credit |
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