Wed, April 19, 2017
The Pound prolonged its rise made during the European session, rising to its highest since early October, after U.K. PM Theresa May announced a snap election for June.
The Pound continued to rise over night versus both the Dollar and the Euro, reaching a high of 1.2856 against the Dollar and 1.1977 against the Euro.
After May announced a snap election on Tuesday, the pound soared over 2 cents from 1.25 to 1.2744 against the Dollar. Economists are now predicting a rate above $1.30 by the time the election comes around in June.
With the French election looming the Pound could stay above the €1.20 mark depending on the outcome.
Data to look out for today.
Not Much Data Out Today
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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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| WED | 06:00 | EUR | EUR EU 25 New Car Registrations | WED | 09:00 | EUR | EUR Euro-Zone Trade Balance (euros) | WED | 09:00 | EUR | EUR Euro-Zone Consumer Price Index - Core (YoY) | WED | 09:00 | EUR | EUR Euro-Zone Consumer Price Index (MoM) | WED | 09:00 | EUR | EUR Euro-Zone Trade Balance s.a. (euros) | WED | 09:00 | EUR | EUR Euro-Zone Consumer Price Index (YoY) | WED | 11:00 | USD | USD MBA Mortgage Applications | WED | 12:00 | EUR | EUR ECB Executive Board member Benoit Coeure speaks in New York | WED | 14:30 | USD | USD DOE Cushing OK Crude Inventory | WED | 14:30 | USD | USD DOE U.S. Gasoline Inventories | WED | 14:30 | EUR | EUR ECB Executive Board member Peter Praet speaks in New York | WED | 14:30 | USD | USD DOE U.S. Crude Oil Inventories | WED | 14:30 | USD | USD DOE U.S. Distillate Inventory | WED | 16:00 | USD | USD Fed's Rosengren Speaks at Bard College Conference | WED | 18:00 | USD | USD U.S. Federal Reserve Releases Beige Book |
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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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