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Foreign Exchange Daily Market Update 17/10/2017

Tue, October 17, 2017

UK Inflation Advances to 5 Year high

Inflation in the UK rose to a 5-year high as it reached 3% in September. Economists had forecasted the rise to 3% from 2.9% in August.

UK inflation had rose rapidly since Brexit last year because the Pound has fallen in value and the costs of imports has increased.

The Pound rose before the data was released as it was expected that inflation would hit a 5-year high. This also puts pressure on the BOE to raise interest rates. There next policy meeting is on November 2nd.

The Pound rose against both the Dollar and the Euro this morning to 1.3274 and 1.1283.

Data to look out today.   

09:30: GBP: Consumer Price Index  

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
TUE 06:00 EUR EUR EU 25 New Car Registrations
TUE 08:00 EUR EUR ECB's Constancio Speaks at Conference in Lisbon
TUE 08:00 EUR EUR ECB's Constancio and Bank of Portugal's Carlos Speak in Lisbon
TUE 08:15 GBP GBP BOE's Carney Ramsden and Tenreyro Appears Before Treasury
TUE 08:30 GBP GBP CPIH (YoY)
TUE 08:30 GBP GBP Consumer Price Index (MoM)
TUE 08:30 GBP GBP Consumer Price Index (YoY)
TUE 08:30 GBP GBP Core Consumer Price Index (YoY)
TUE 08:30 GBP GBP Retail Price Index
TUE 08:30 GBP GBP Retail Price Index (MoM)
TUE 08:30 GBP GBP Retail Price Index (YoY)
TUE 08:30 GBP GBP Retail Price Index Ex Mort Int.Payments (YoY)
TUE 08:30 GBP GBP Producer Price Index Input n.s.a. (MoM)
TUE 08:30 GBP GBP Producer Price Index Input n.s.a. (YoY)
TUE 08:30 GBP GBP Producer Price Index Output n.s.a. (MoM)
TUE 08:30 GBP GBP Producer Price Index Output n.s.a. (YoY)
TUE 08:30 GBP GBP Producer Price Index Output Core n.s.a. (MoM)
TUE 08:30 GBP GBP Producer Price Index Output Core n.s.a. (YoY)
TUE 08:30 GBP GBP House Price Index (YoY)
TUE 09:00 EUR EUR Euro-Zone Consumer Price Index (MoM)
TUE 09:00 EUR EUR Euro-Zone Consumer Price Index (YoY)
TUE 09:00 EUR EUR German ZEW Survey (Current Situation)
TUE 09:00 EUR EUR Euro-Zone ZEW Survey (Economic Sentiment)
TUE 09:00 EUR EUR German ZEW Survey (Economic Sentiment)
TUE 09:00 EUR EUR Euro-Zone Consumer Price Index - Core (YoY)
TUE 10:15 GBP GBP BOE Governor Carney Testifies to Lawmakers
TUE 12:30 USD USD Import Price Index (MoM)
TUE 12:30 USD USD Import Price Index ex Petroleum (MoM)
TUE 12:30 USD USD Import Price Index (YoY)
TUE 12:30 USD USD Export Price Index (MoM)
TUE 12:30 USD USD Export Price Index (YoY)
TUE 13:15 USD USD Industrial Production
TUE 13:15 USD USD Capacity Utilization
TUE 13:15 USD USD Manufacturing (SIC) Production
TUE 13:30 GBP GBP BOE's Brazier Speaks in Lisbon
TUE 14:00 USD USD NAHB Housing Market Index
TUE 15:30 USD USD U.S. to Sell 4-Week Bills
TUE 17:00 USD USD Fed's Harker Speaks on Equitable Transit

Foreign Exchange Rates

GBP/USD 1.3249
GBP/EUR 1.1267
EUR/USD 1.1753
GBP/AUD 1.6869
GBP/CAD 1.6608
GBP/CHF 1.2925
GBP/CZK 29.0392
GBP/DKK 8.3897
GBP/HKD 10.3453
GBP/INR 86.41
GBP/JPY 148.61
GBP/ NOK 10.5117
GBP/ NZD 1.8450
GBP/PLN 4.7695
GBP/ SEK 10.7899
GBP/ SGD 1.7969
GBP/THB 43.86
GBP/TRY 4.8501
GBP/ ZAR 17.7247
GBP/AED 4.8671

*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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