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Foreign Exchange Daily Market Update 01/08/2017

Tue, August 01, 2017

Pound Rises To $1.32 For First Time Since September

Sterling reached its highest level against the Dollar since September, reaching a high of 1.3229.

UK PMI data come out better than forecasted this morning. It rose to 55.1 last month from 54.2 the month before. The result was expected to climb to 54.5.

With Thursday’s upcoming Monetary Policy Meeting, there could be an even bigger boost for the Pound. In the last meeting three members of the committee called for an immediate hike to rates, amongst a growing economy and high inflation. If more than two members want to raise rates, the pound could be given a large boost.

The Pound rose against the Dollar to 1.3203. Sterling was little changed against the Euro at 1.1175

Data to look out for today.

08:55: EUR German Unemployment Rate

09:30: GBP UK Manufacturing PMI

13:30: USD Personal Consumption Expenditure

13:30: USD ISM Manufacturing

13:30: USD ISM Employment

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
TUE 06:00 GBP GBP Nationwide House Prices s.a. (MoM)
TUE 06:00 GBP GBP Nationwide House Prices n.s.a. (YoY)
TUE 07:45 EUR EUR Markit/ADACI Italy Manufacturing PMI
TUE 07:50 EUR EUR Markit France Manufacturing PMI
TUE 07:55 EUR EUR Markit/BME Germany Manufacturing PMI
TUE 07:55 EUR EUR German Unemployment Change
TUE 07:55 EUR EUR German Unemployment Rate s.a.
TUE 08:00 EUR EUR Markit Eurozone Manufacturing PMI
TUE 08:30 GBP GBP Markit UK PMI Manufacturing SA
TUE 09:00 EUR EUR Euro-Zone Gross Domestic Product s.a. (QoQ)
TUE 09:00 EUR EUR Euro-Zone Gross Domestic Product s.a. (YoY)
TUE 12:30 USD USD Personal Income
TUE 12:30 USD USD Personal Spending
TUE 12:30 USD USD Real Personal Spending
TUE 12:30 USD USD PCE Deflator (MoM)
TUE 12:30 USD USD Personal Consumption Expenditure Deflator (YoY)
TUE 12:30 USD USD Personal Consumption Expenditure Core (MoM)
TUE 12:30 USD USD Personal Consumption Expenditure Core (YoY)
TUE 13:45 USD USD Markit US Manufacturing PMI
TUE 14:00 USD USD ISM Manufacturing
TUE 14:00 USD USD ISM Prices Paid
TUE 14:00 USD USD ISM New Orders
TUE 14:00 USD USD ISM Employment
TUE 14:00 USD USD Construction Spending (MoM)
TUE 15:30 USD USD U.S. to Sell 4-Week Bills

Foreign Exchange Rates

GBP/USD 1.3201
GBP/EUR 1.1168
EUR/USD 1.1813
GBP/AUD 1.6544
GBP/CAD 1.6488
GBP/CHF 1.2760
GBP/CZK 29.1981
GBP/DKK 8.3086
GBP/HKD 10.3184
GBP/INR 84.99
GBP/JPY 145.85
GBP/ NOK 10.4268
GBP/ NZD 1.7670
GBP/PLN 4.7603
GBP/ SEK 10.6873
GBP/ SGD 1.7934
GBP/THB 43.96
GBP/TRY 4.6525
GBP/ ZAR 17.5377
GBP/AED 4.8519

*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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