Foreign Exchange Daily Market Update 06/10/2017

Fri, October 06, 2017

Sterling Continues To Fall

The Pound continued to decline against both the Dollar and the Euro yesterday after an array of bad news for the UK economy. Sterling fell 0.6% versus the Euro to 1.1162 and 1.1% against the Dollar to 1.3066.

The fall come on the back of poor manufacturing & construction figures earlier on in the week and a concern over Theresa May’s future.

UK car sales decline to 9.3% last month marking the first year on year fall in 6 years.

US Non-Farm payrolls are due today at 13:30 and are only expecting to have added 80,000 jobs in comparison to 156,000 last month. Whilst there unemployment rate is expected to have no change at 4.4%.

The Pound is currently trading at 1.3065 against the Dollar and 1.1172 versus the Euro.

Data to look out today.   

13:30: USD: US Non Farm Payrolls

13:30: USD: US Unemployment Rate

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
FRI 06:00 EUR EUR German Factory Orders s.a. (MoM)
FRI 06:00 EUR EUR German Factory Orders n.s.a. (YoY)
FRI 07:30 GBP GBP Halifax Plc House Prices s.a. (MoM)
FRI 07:30 GBP GBP Halifax House Price (3MoY)
FRI 08:30 GBP GBP Unit Labor Costs (YoY)
FRI 12:00 GBP GBP BOE's Haldane Speak at Event in London
FRI 12:30 USD USD Change in Non-farm Payrolls
FRI 12:30 USD USD Two-Month Payroll Net Revision
FRI 12:30 USD USD Change in Private Payrolls
FRI 12:30 USD USD Change in Manufacturing Payrolls
FRI 12:30 USD USD Unemployment Rate
FRI 12:30 USD USD Average Hourly Earnings (MoM)
FRI 12:30 USD USD Average Hourly Earnings (YoY)
FRI 12:30 USD USD Average Weekly Hours All Employees
FRI 12:30 USD USD Labor Force Participation Rate
FRI 12:30 USD USD Underemployment Rate
FRI 13:15 USD USD Fed's Bostic Speaks at Workforce Conference
FRI 14:00 USD USD Wholesale Trade Sales (MoM)
FRI 14:00 USD USD Wholesale Inventories
FRI 16:15 USD USD Fed's Dudley to Speak on Monetary Policy
FRI 16:45 USD USD Fed's Kaplan Speaks at Workforce Conference
FRI 17:00 USD USD Baker Hughes U.S. Rig Count
FRI 17:00 USD USD Fed's Bullard Speaks on Economy in St. Louis
FRI 19:00 USD USD Consumer Credit

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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