Foreign Exchange Daily Market Update 22/08/2017

Tue, August 22, 2017

Pound Continues to Fall Against Euro

Euro’s spike came last week after the minutes from the ECB’s July policy meeting were published, with it revealed that worry was shown about the risk of the exchange rate overshooting in the future.

The Pound has fallen almost 9% against the Euro since April this year. After enjoying a high of 1.1957.

Some experts have predicted that the currency pair will hit parity by next year.

The Pound fell slightly over night against both the Euro and the Dollar to 1.0901 & 1.2838.

Data to look out for today.

09:30: GBP Public Sector Net Borrowing

10:00: EUR Eurozone ZEW Survey

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 08:30 GBP GBP Public Finances (PSNCR) (Pounds)
TUE 08:30 GBP GBP Central Government NCR
TUE 08:30 GBP GBP Public Sector Net Borrowing (Pounds)
TUE 08:30 GBP GBP PSNB ex Banking Groups
TUE 09:00 EUR EUR German ZEW Survey (Current Situation)
TUE 09:00 EUR EUR Euro-Zone ZEW Survey (Economic Sentiment)
TUE 09:00 EUR EUR German ZEW Survey (Economic Sentiment)
TUE 10:00 GBP GBP CBI Trends Total Orders
TUE 10:00 GBP GBP CBI Trends Selling Prices
TUE 12:00 EUR EUR ECB's Constancio Speaks at Economists' Congress in Lisbon
TUE 13:00 USD USD House Price Index (MoM)
TUE 13:00 USD USD House Price Purchase Index (QoQ)
TUE 14:00 USD USD Richmond Fed Manufacturing Index
TUE 15:30 USD USD U.S. to Sell 4-Week Bills

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

August 2017
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