Foreign Exchange Daily Market Update 11/12/2017

Mon, December 11, 2017

Two factors that could affect sterling this week.

As the initial Brexit deal out of the way. As an agreement to move Brexit talks on to trade and no expectations for the BOE to change interest rates on Thursday, news on either could move the pound. Mark Carney BOE Governor has tied the next policy shift to the success of the Brexit negotiations

Tuesday cabinet meeting could provide more details on the government’s thinking, while economic data including inflation, retail sales and job-market figures could also move the pound if showing any further widening in the gap between prices and income.

As negotiations continue in the background, more emphasis could be placed on the day-to-day data.

The Pound fell to $1.338 against the dollar this morning after touching 1.336. Sterling fell 1.134 against the Euro.  

 

Data to look out today.   

Not much data due 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
MON 16:30 USD USD U.S. to Sell USD39 Bln 6-Month Bills
MON 16:30 USD USD U.S. to Sell USD24 Bln 3-Year Notes
MON 18:00 USD USD U.S. to Sell USD45 Bln 3-Month Bills
MON 18:00 USD USD U.S. to Sell USD20 Bln 10-Year Notes Reopening
MON 00:01 EUR EUR Germany First Quarter Manpower Employment Outlook

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

December 2017
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26 27 28 29 301 2
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10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6
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