Foreign Exchange Daily Market Update 11/10/2017
Wed, October 11, 2017
Pound Climbs After Industrial Production Smashes Expectations
The Pound rose yesterday after UK Industrial production beat economists’ forecasts. Total production output in the industrial sector rose 1.6% higher than a year earlier. It was only forecasted to rise 0.8%. Manufacturing output was 2.8% higher, beating its forecast of a 1.9% increase.
The Pound rose after this data increasing to 1.3184 versus the Dollar and 1.1193 against the Euro.
The Pound fell slightly today against the Euro after some talks that the BOE will delay a rate hike.
Sterling is currently trading at 1.3202 against the Dollar and 1.1136 versus the Euro.
Data to look out today.
Not Much Data Out Today
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 |
|
WED | 11:00 | USD | USD MBA Mortgage Applications |
WED | 11:15 | USD | USD Fed's Evans Speaks on Economy and Monetary Policy |
WED | 14:00 | USD | USD JOLTS Job Openings |
WED | 15:30 | USD | USD U.S. to Sell 3-Year Notes |
WED | 17:00 | USD | USD U.S. to Sell USD20 Bln 10-Year Notes Reopening |
WED | 18:00 | USD | USD FOMC Meeting Minutes |
WED | 18:40 | USD | USD Fed's Williams Gives Community Leaders Speech |
WED | 18:50 | EUR | EUR ECB's Praet Speaks in New York |
WED | 23:01 | GBP | GBP RICS House Price Balance
|