Tue, March 14, 2017
The Pound declined against all of its Group-of-10 peers after U.K. Prime Minister Theresa May was given all clear to trigger Brexit which will presumably happen in the last week of March.
The result came as Scotland's First Minister Nicola Sturgeon announced that she plans to hold another referendum on Scottish independence at a time when Brexit negotiations are expected to be reaching a conclusion.
Nicola Sturgeon stated she wanted to hold the vote between autumn 2018 and spring 2019, however there is speculation that the U.K. Prime Minister will dismiss the idea of the referendum until the Brexit process is completed.
The win for May in Parliament allows her to negotiate Brexit with a free hand and consolidates her hold on power in the ruling Conservative Party.
Sterling fell to a low of 1.2114 against the Dollar and 1.1382 against the Euro.
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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| TUE | 07:00 | EUR | EUR German Consumer Price Index (MoM) | TUE | 07:00 | EUR | EUR German Consumer Price Index (YoY) | TUE | 10:00 | USD | USD NFIB Small Business Optimism | TUE | 10:00 | EUR | EUR Euro-Zone ZEW Survey (Economic Sentiment) | TUE | 10:00 | EUR | EUR Euro-Zone Industrial Production s.a. (MoM) | TUE | 10:00 | EUR | EUR Euro-Zone Industrial Production w.d.a. (YoY) | TUE | 10:00 | EUR | EUR German ZEW Survey (Current Situation) | TUE | 10:00 | EUR | EUR German ZEW Survey (Economic Sentiment) | TUE | 12:30 | USD | USD PPI Ex Food Energy Trade (MoM) | TUE | 12:30 | USD | USD PPI Final Demand (MoM) | TUE | 12:30 | USD | USD PPI Ex Food and Energy (MoM) | TUE | 12:30 | USD | USD PPI Final Demand (YoY) | TUE | 12:30 | USD | USD PPI Ex Food Energy Trade (YoY) | TUE | 12:30 | USD | USD PPI Ex Food and Energy (YoY) | TUE | 15:30 | USD | USD U.S. to Sell 4-Week Bills | TUE | 17:00 | USD | USD U.S. to Sell 35-Day Cash Management Bill |
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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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