Foreign Exchange Daily Market Update 02/10/2017

Mon, October 02, 2017

Pound Falls After UK PMI Data

The Pound fell this morning after UK manufacturing data was lower than expected in September.

UK manufacturing PMI came in at 55.9, expectations were a reading of 56.3, and lower than the 56.7 level recorded in August. Input cost inflation was also seen returning to a six month high during the month.

The pound continued to fall against the Dollar falling below the 1.33 level. Sterling retreated against the US currency last week after the Fed stated there is a 70% change of a rate hike in December.

The Pound is trading at 1.3288 against the Dollar and 1.1314 versus the Euro.

Data to look out for today.

09:30: GBP: UK PMI Manufacturing

15:00: USD: US ISM Manufacturing

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
MON 07:45 EUR EUR Markit/ADACI Italy Manufacturing PMI
MON 07:50 EUR EUR Markit France Manufacturing PMI
MON 07:55 EUR EUR Markit/BME Germany Manufacturing PMI
MON 08:00 EUR EUR Markit Eurozone Manufacturing PMI
MON 08:30 GBP GBP Markit UK PMI Manufacturing SA
MON 09:00 EUR EUR Euro-Zone Unemployment Rate
MON 10:15 EUR EUR ECB's Praet and Denmark's Rohde Speak At A Conference
MON 13:45 USD USD Markit US Manufacturing PMI
MON 14:00 USD USD ISM Manufacturing
MON 14:00 USD USD ISM Prices Paid
MON 14:00 USD USD ISM New Orders
MON 14:00 USD USD ISM Employment
MON 14:00 USD USD Construction Spending (MoM)
MON 15:30 USD USD U.S. to Sell USD42 Bln 3-Month Bills
MON 15:30 USD USD U.S. to Sell USD36 Bln 6-Month Bills
MON 18:00 USD USD Fed's Kaplan Speaks in El Paso

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

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