Thu, August 31, 2017
The Pound has never fallen as low as parity before. During the credit crunch of 2008 the lowest it fell to was 1.03.
Sterling is up slightly to 1.0852 compared to yesterday where it fell to 1.0741. While some economists are expecting the currency pair to reach parity by the end of 2017 and prolonging at that level well into 2018.
The reason for the drop is a combination of Eurozone strength and the ECB’s plans to roll back quantitative easing.
Also, the BOE’s reluctance to raise interest rates is part of the reason Sterling has fallen.
The Pound fell against the Dollar this morning to 1.285. Sterling rose against the Euro to 1.0853.
Data to look out for today.
10:00: EUR Euro-Zone Consumer Price Index
13:30: USD Initial Jobless Claims
13:30: USD Personal Consumption Expenditure Core
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
| Day | Time | Currency | Event |
|---|---|---|---|
| THU | 06:00 | EUR | EUR German Retail Sales (MoM) | THU | 06:00 | EUR | EUR German Retail Sales (YoY) | THU | 07:25 | GBP | GBP BOE's Michael Saunders speaks in Cardiff Wales | THU | 07:55 | EUR | EUR German Unemployment Change | THU | 07:55 | EUR | EUR German Unemployment Rate s.a. | THU | 09:00 | EUR | EUR Euro-Zone Unemployment Rate | THU | 09:00 | EUR | EUR Euro-Zone Consumer Price Index Estimate (YoY) | THU | 09:00 | EUR | EUR Euro-Zone Consumer Price Index - Core (YoY) | THU | 11:30 | USD | USD Challenger Job Cuts (YoY) | THU | 12:30 | USD | USD Personal Income | THU | 12:30 | USD | USD Initial Jobless Claims | THU | 12:30 | USD | USD Personal Spending | THU | 12:30 | USD | USD Continuing Claims | THU | 12:30 | USD | USD Real Personal Spending | THU | 12:30 | USD | USD PCE Deflator (MoM) | THU | 12:30 | USD | USD Personal Consumption Expenditure Deflator (YoY) | THU | 12:30 | USD | USD Personal Consumption Expenditure Core (MoM) | THU | 12:30 | USD | USD Personal Consumption Expenditure Core (YoY) | THU | 13:45 | USD | USD Chicago Purchasing Manager | THU | 14:00 | USD | USD Pending Home Sales (MoM) | THU | 14:00 | USD | USD Pending Home Sales (YoY) | THU | 14:30 | USD | USD EIA Natural Gas Storage Change | THU | 14:30 | USD | USD EIA Working Natural Gas Implied Flow |
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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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