Foreign Exchange Daily Market Update 27/03/2017

Mon, March 27, 2017

Dollar Weakens Leading Up To Brexit Triggering

The Dollar slipped to its lowest level since December and U.S. equity futures quickened Friday’s slump as investors avoided risk assets amongst heightened uncertainty of U.S. President Donald Trump’s capability to enforce his economic agenda.

U.K. Prime Minister Theresa May will pursue to head off moves for Scottish independence in a speech today as she concludes her plans for triggering two years of negotiations to exit the EU.

May will propose to Scottish voters to keep the U.K. intact. She’ll start the Brexit process on Wednesday in a letter to the bloc and on Thursday lay out proposals to bring thousands of EU regulations under U.K. control.

The Pound rose against the Dollar to 1.2561. Sterling was little changed against the Euro to 1.1559.

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

Data Releases

Day Time Currency Event
MON 08:00 EUR EUR German IFO - Current Assessment
MON 08:00 EUR EUR German IFO - Expectations
MON 08:00 EUR EUR Euro-Zone M3 s.a. (YoY)
MON 08:00 EUR EUR German IFO - Business Climate
MON 09:00 EUR EUR SSM Holds Annual Press Conference
MON 12:00 EUR EUR ECB's Peter Praet Speaks in Madrid
MON 14:30 USD USD Dallas Fed Manufacturing Activity
MON 15:30 USD USD U.S. to Sell USD39 Bln 3-Month Bills
MON 15:30 USD USD U.S. to Sell USD33 Bln 6-Month Bills
MON 16:45 USD USD Chicago Fed's Evans ECB's Praet Speak in Madrid
MON 17:00 USD USD U.S. to Sell USD26 Bln 2-Year Notes
MON 17:15 EUR EUR ECB's Praet takes part in panel discussion in Madrid
MON 17:15 USD USD Fed's Evans Speaks on Economy and Policy in Madrid

Foreign Exchange Rates

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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

March 2017
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