Thu, December 07, 2017
The British pound fell for a second day in a row against the dollar, as Theresa May is reportedly facing a rebellion from all sides just days before a key meeting with the EU.
Sterling touched its lowest in a week as reports claimed that a source from the Northern Irish party which props up May’s government told him there would no Brexit deal this week. Theresa May is also facing resistance from her own ministers over her plan to keep U.K. regulations on par with the EU after Brexit, with only days to get talks back on track.
The performance of the pound heading into next year rests primarily on whether the border issue can be resolved by the end of the week,
Sterling fell 0.6 % to $1.3364 against the dollar, after touching $1.3358, the lowest since Nov. 29. It weakened 0.5% to 1.131 against the euro.
Data to look out today.
16:00 EUR Draghi conference in Frankfurt.
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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
| Day | Time | Currency | Event |
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| THUR | 07:00 | EUR | EUR German Industrial Production s.a. (MoM) | THUR | 07:00 | EUR | EUR German Industrial Production n.s.a. and w.d.a. (YoY) | THUR | 08:30 | GBP | GBP Halifax House Prices (MoM) | THUR | 08:30 | GBP | GBP Halifax House Price 3Mths/Year | THUR | 10:00 | EUR | EUR Euro-Zone Gross Fixed Capital (QoQ) | THUR | 10:00 | EUR | EUR Euro-Zone Government Expenditure (QoQ) | THUR | 10:00 | EUR | EUR Euro-Zone Household Consumption (QoQ) | THUR | 10:00 | EUR | EUR Euro-Zone Gross Domestic Product s.a. (QoQ) | THUR | 10:00 | EUR | EUR Euro-Zone Gross Domestic Product s.a. (YoY) | THUR | 12:30 | USD | USD Challenger Job Cuts (YoY) | THUR | 13:30 | USD | USD Initial Jobless Claims | THUR | 13:30 | USD | USD Continuing Claims | THUR | 15:30 | USD | USD EIA Natural Gas Storage Change | THUR | 15:30 | USD | USD EIA Working Natural Gas Implied Flow | THUR | 16:00 | EUR | EUR Draghi holds conference as GHOS chair in Frankfurt | THUR | 17:00 | USD | USD Household Change in Net Worth | THUR | 20:00 | USD | USD Consumer Credit |
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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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