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Foreign Exchange Daily Market Update 27/07/2017

Thu, July 27, 2017

Pound Rises To Highest Level In 10 Months

The FOMC confirmed belief that interest rates would be untouched – a decision that was solidified across the committee following its two-day meeting.

The Fed kept its benchmark lending rate in a target range of 1.00% - 1.25% which was forecasted, and said it was on track to persist the slow path of monetary tightening that has lifted rates by a percentage point since 2015.

In a statement following a two-day policy meeting, the U.S. central bank's rate-setting committee indicated the economy was growing moderately and job gains had been solid.

The Pound rose to its highest level against the Dollar in 10 months after the meeting rising to a high of 1.3149. The Pound was little changed against the Euro at 1.1202

Data to look out for today.

13:30: USD Durable Goods Orders



KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex

Data Releases

Day Time Currency Event
THU 06:00 EUR EUR German GfK Consumer Confidence Survey
THU 08:00 EUR EUR Euro-Zone M3 s.a. (YoY)
THU 10:00 GBP GBP CBI Retailing Reported Sales
THU 10:00 GBP GBP - CBI - EnquĂȘte sur le Commerce de Distribution
THU 12:30 USD USD Durable Goods Orders
THU 12:30 USD USD Initial Jobless Claims
THU 12:30 USD USD Durables Ex Transportation
THU 12:30 USD USD Continuing Claims
THU 12:30 USD USD Cap Goods Orders Nondef Ex Air
THU 12:30 USD USD Cap Goods Ship Nondef Ex Air
THU 12:30 USD USD Advance Goods Trade Balance
THU 12:30 USD USD Wholesale Inventories
THU 12:30 USD USD Retail Inventories (MoM)
THU 12:30 USD USD Chicago Fed Nat Activity Index
THU 14:00 USD USD Fed nominee Quarles confirmation hearing at Senate Banking
THU 14:30 USD USD EIA Natural Gas Storage Change
THU 14:30 USD USD EIA Working Natural Gas Implied Flow
THU 15:00 USD USD Kansas City Fed Manf. Activity
THU 17:00 USD USD U.S. to Sell USD28 Bln 7-Year Notes
THU 23:01 GBP GBP GfK Consumer Confidence Survey

Foreign Exchange Rates

GBP/USD 1.3132
GBP/EUR 1.1217
EUR/USD 1.1701
GBP/AUD 1.6392
GBP/CAD 1.6358
GBP/CHF 1.2611
GBP/CZK 29.2441
GBP/DKK 8.3447
GBP/HKD 10.2607
GBP/INR 84.5910
GBP/JPY 146.24
GBP/ NOK 10.4297
GBP/ NZD 1.7438
GBP/PLN 4.7758
GBP/ SEK 10.7657
GBP/ SGD 1.7838
GBP/THB 43.7551
GBP/TRY 4.6383
GBP/ ZAR 17.0137
GBP/AED 4.8256

*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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