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 |
|