Foreign Exchange Daily Market Update 13/12/2017

Wed, December 13, 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
WED 07:00 EUR EUR German Wholesale Price Index (MoM)
WED 07:00 EUR EUR German Wholesale Price Index (YoY)
WED 07:00 EUR EUR German Consumer Price Index (MoM)
WED 07:00 EUR EUR German Consumer Price Index (YoY)
WED 09:30 GBP GBP Claimant Count Rate
WED 09:30 GBP GBP Jobless Claims Change
WED 09:30 GBP GBP Average Weekly Earnings (3M/YoY)
WED 09:30 GBP GBP Weekly Earnings ex Bonus (3M/YoY)
WED 09:30 GBP GBP ILO Unemployment Rate 3Mths
WED 09:30 GBP GBP Employment Change 3M/3M
WED 10:00 EUR EUR Euro-Zone Industrial Production s.a. (MoM)
WED 10:00 EUR EUR Euro-Zone Industrial Production w.d.a. (YoY)
WED 10:00 EUR EUR Euro-Zone Employment (QoQ)
WED 10:00 EUR EUR Euro-Zone Employment (YoY)
WED 12:00 USD USD MBA Mortgage Applications
WED 13:30 USD USD Consumer Price Index (MoM)
WED 13:30 USD USD Consumer Price Index Ex Food and Energy (MoM)
WED 13:30 USD USD Consumer Price Index (YoY)
WED 13:30 USD USD Consumer Price Index Ex Food and Energy (YoY)
WED 13:30 USD USD Consumer Price Index Core Index s.a.
WED 13:30 USD USD Consumer Price Index n.s.a.
WED 13:30 USD USD Real Avg Weekly Earnings (YoY)
WED 13:30 USD USD Real Avg Hourly Earning (YoY)
WED 15:30 USD USD DOE U.S. Crude Oil Inventories
WED 15:30 USD USD DOE Cushing OK Crude Inventory
WED 15:30 USD USD DOE U.S. Gasoline Inventories
WED 15:30 USD USD DOE U.S. Distillate Inventory
WED 19:00 USD USD FOMC Rate Decision (Upper Bound)
WED 19:00 USD USD FOMC Rate Decision (Lower Bound)
WED 19:30 USD USD Yellen Holds Press Conference Following FOMC Meeting
WED 00:01 GBP GBP RICS House Price Balance

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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