Foreign Exchange Daily Market Update 17/02/2017
Fri, February 17, 2017
Pound Falls After UK Retail Sales Data
The Pound Fell this morning after Data showed that UK retails sales for January Fell.
The monthly retail sales figure for January showed at -0.3%. Analysts has predicted a reading of 0.9%. There was also a revision to the December figure which was cut to -2.1% from a previous 1.9%. The ONS also found that retail sales fell by 0.4% over the last quarter, in comparison to the previous three months - the first fall since December 2013.
Sterling fell over 0.5% against the Dollar after this data to 1.2407. The pound also declined against the Euro to 1.1653.
Data to look out for today.
09:30: GBP UK Retail Sales
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 |
|
FRI | 09:00 | EUR | EUR Euro-Zone Current Account s.a. (euros) |
FRI | 09:00 | EUR | EUR Euro-Zone Current Account n.s.a. (euros) |
FRI | 09:30 | GBP | GBP Retail Sales (YoY) |
FRI | 09:30 | GBP | GBP Retail Sales Inc Auto Fuel (MoM) |
FRI | 09:30 | GBP | GBP Retail Sales Inc Auto Fuel (YoY) |
FRI | 09:30 | GBP | GBP Retail Sales (MoM) |
FRI | 10:00 | EUR | EUR Euro-Zone Construction Output s.a. (MoM) |
FRI | 10:00 | EUR | EUR Euro-Zone Construction Output w.d.a. (YoY) |
FRI | 15:00 | USD | USD Leading Indicators |
FRI | 18:00 | USD | USD Baker Hughes U.S. Rig Count
|