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
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