Mon, February 06, 2017
The Pound prolonged its first weekly decline since the start of the year after a report showed that the services sector is growing at a slower pace than anticipated.
UK Services PMI, actual 54.5, est. 55.8
UK Composite PMI, actual 55.5, est. 56.0
Sterling’s drop since Britain voted to exit the EU is having a adverse impact on the domestic sales margins while the effect on exports is mixed. Also found that 68% of businesses expect their costs to rise over the coming year, with 54% expecting to have to increase the prices in the same period.
Sterling dropped against most of its major peers Friday, declining 0.3% to 1.2495 against the Dollar as of 10:32 a.m. Sterling also fell to 1.1582 against the Euro.
Data to look out for today.
14:00: EUR ECB President Mario Draghi Speaks In Brussels
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 |
|---|---|---|---|
| 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 | EUR | EUR Markit Germany Construction PMI | MON | 09:00 | GBP | GBP New Car Registrations (YoY) | MON | 09:10 | EUR | EUR Markit France Retail PMI | MON | 09:10 | EUR | EUR Markit Italy Retail PMI | MON | 09:10 | EUR | EUR Markit Eurozone Retail PMI | MON | 09:10 | EUR | EUR Markit Germany Retail PMI | MON | 09:30 | EUR | EUR Euro-Zone Sentix Investor Confidence | MON | 14:00 | EUR | EUR ECB President Draghi Speaks to Parliament in Brussels | MON | 16:30 | USD | USD U.S. to Sell USD34 Bln 3-Month Bills | MON | 16:30 | USD | USD U.S. to Sell USD28 Bln 6-Month Bills | MON | 21:30 | USD | USD Fed's Harker Speaks About Payment Systems in San Diego |
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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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