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Foreign Exchange Daily Market Update 03/01/2018

Wed, January 03, 2018

Germany's unemployment rate falls to record low, and the Economy booms. 

Unemployment in Germany fell to a record low as the number of people out of work dropped for a sixth straight month, echoing a boom in Europe’s largest economy that could push up wages and inflation.

The unemployment rate was 5.5% in December, and the previous month’s rate was revised down to the same level. The number of people unemployed fell by 29,000 last month, more than twice as much expected.

The Pound rose to $1.355 this morning against the dollar, sterling rose to 1.1284 against the Euro.

 

Data to look out today.   

15:00 USD Manufacturing.

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 08:55 EUR EUR German Unemployment Change (000's)
WED 08:55 EUR EUR German Unemployment Claims Rate s.a.
WED 09:30 GBP GBP Markit/CIPS UK Construction PMI
WED 12:00 USD USD MBA Mortgage Applications
WED 15:00 USD USD Construction Spending (MoM)
WED 15:00 USD USD ISM Manufacturing
WED 15:00 USD USD ISM Prices Paid
WED 15:00 USD USD ISM New Orders
WED 15:00 USD USD ISM Employment
WED 19:00 USD USD FOMC Meeting Minutes

Foreign Exchange Rates

GBP/ USD 1.35562
GBP/ EUR 1.12811
EUR/ USD 1.20104
GBP/ AUD 1.73173
GBP/ CAD 1.69725
GBP/ CHF 1.32302
GBP/ CZK 28.8230
GBP/ DKK 8.39717
GBP/ HKD 10.59677
GBP/ INR 86.0605
GBP/ JPY 152.120
GBP/ NOK 10.98389
GBP/ NZD 1.90702
GBP/ PLN 4.68124
GBP/ SEK 11.07787
GBP/ SGD 1.80217
GBP/ THB 43.7718
GBP/ TRY 5.09595
GBP/ ZAR 16.77286

*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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