Foreign Exchange Daily Market Update 12/12/2017

Tue, December 12, 2017

What could boost sterling this week.

Sterling could strengthen if the Bank of England signals a more hawkish tone this week after the recent Brexit deal breakthrough.

While it is not expected that the BOE with rise rate as they did on Nov. 2, we could see sterling increase to as much as $1.35-$1.36 if policy makers recognize the progress that has been made in negotiations between the U.K. and European Union removes downside risks.

Not much movement in the pound this morning as it is trading at 1.333 against the dollar and 1.1317 against the Euro.

Data to look out today.   

09:30 UK Consumer Price Index. (CPI)

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 09:30 GBP GBP CPIH (YoY)
TUE 09:30 GBP GBP Consumer Price Index (MoM)
TUE 09:30 GBP GBP Consumer Price Index (YoY)
TUE 09:30 GBP GBP Core Consumer Price Index (YoY)
TUE 09:30 GBP GBP Retail Price Index
TUE 09:30 GBP GBP Retail Price Index (MoM)
TUE 09:30 GBP GBP Retail Price Index (YoY)
TUE 09:30 GBP GBP Retail Price Index Ex Mort Int.Payments (YoY)
TUE 09:30 GBP GBP Producer Price Index Input n.s.a. (MoM)
TUE 09:30 GBP GBP Producer Price Index Input n.s.a. (YoY)
TUE 09:30 GBP GBP Producer Price Index Output n.s.a. (MoM)
TUE 09:30 GBP GBP Producer Price Index Output n.s.a. (YoY)
TUE 09:30 GBP GBP Producer Price Index Output Core n.s.a. (MoM)
TUE 09:30 GBP GBP Producer Price Index Output Core n.s.a. (YoY)
TUE 09:30 GBP GBP House Price Index (YoY)
TUE 10:00 EUR EUR German ZEW Survey Current Situation
TUE 10:00 EUR EUR Euro-Zone ZEW Survey (Economic Sentiment)
TUE 10:00 EUR EUR German ZEW Survey Expectations
TUE 11:00 USD USD NFIB Small Business Optimism
TUE 13:30 USD USD Producer Price Index Final Demand (MoM)
TUE 13:30 USD USD Producer Price Index Ex Food and Energy (MoM)
TUE 13:30 USD USD PPI Ex Food Energy Trade (MoM)
TUE 13:30 USD USD PPI Final Demand (YoY)
TUE 13:30 USD USD Producer Price Index Ex Food and Energy (YoY)
TUE 13:30 USD USD PPI Ex Food Energy Trade (YoY)
TUE 16:30 USD USD U.S. to Sell 4-Week Bills
TUE 18:00 USD USD U.S. to Sell USD12 Bln 30-Year Bonds Reopening
TUE 19:00 USD USD Monthly Budget Statement
TUE 01:15 USD USD Alabama Special General Election - U.S. Senate

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

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