Thu, April 20, 2017
The Pound declined from a six-month high after U.K. PM Theresa May was granted approval from lawmakers for an election on June 8.
The U.K currency traded 0.2% lower at 1.2821 versus the Dollar by 3:45 p.m. yesterday. Lawmakers backed May’s arrangement to hold an election three years earlier than scheduled. The result triggers what will be an intense seven-week campaign in which the U.K.’s planned departure from the European Union will be the focus.
The Pound recovered slightly this morning to 1.2834. Sterling fell against the Euro to 1.1909.
Data to look out for today.
11:30: GBP Mark Carney Speaks In Washington
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| THU | 06:00 | EUR | EUR German Producer Prices (YoY) | THU | 06:00 | EUR | EUR German Producer Prices (MoM) | THU | 09:00 | EUR | EUR Euro-Zone Construction Output w.d.a. (YoY) | THU | 09:00 | EUR | EUR Euro-Zone Construction Output s.a. (MoM) | THU | 12:00 | USD | USD Fed's Powell Speaks on Economic Growth And Capital Markets | THU | 12:30 | USD | USD Continuing Claims | THU | 12:30 | USD | USD Philadelphia Fed Business Outlook | THU | 12:30 | USD | USD Initial Jobless Claims | THU | 14:00 | EUR | EUR Euro-Zone Consumer Confidence | THU | 14:00 | USD | USD Leading Indicators | THU | 14:30 | USD | USD EIA Natural Gas Storage Change | THU | 14:30 | USD | USD EIA Working Natural Gas Implied Flow | THU | 15:30 | GBP | GBP BOE's Carney Speaks at IIF in Washington | THU | 16:30 | GBP | GBP BOE's Carney Speaks at Bank of France Event | Washington | THU | 17:00 | USD | USD U.S. to Sell USD16 Bln 5-Year TIPS |
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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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