Foreign Exchange Business Foreign Exchange Personal Foreign Exchange Partners

Foreign Exchange Daily Market Update 04/01/2018

Thu, January 04, 2018

Sterling could shake off Brexit blues and hit $1.50 this year.

This we year we could see the pound shake off the Brexit blues and returns to pre-Brexit levels.

If an early Brexit transition can be meet and strong economic data surprises could boost sterling’s fortunes and even push the BOE into an interest-rate hike in the first half of the year, we could see sterling reach as much as $1.53 by year-end.

In the next three months we could see the pound climb to $1.40 against the dollar and ending 2018 nearly 3% above its close on the day of the June 23, 2016.

A rate hike from the BOE is not expected until February 2019, but if an agreement can be made in the first quarter and strong economic data leading to the repricing of BOE bank policy expectations. EU experts say a transition deal allowing the U.K. to continue trading with the bloc may be agreed as early as March.

The Pound has not moved much trading at $1.3537 against the dollar this morning. Sterling was little unchanged against the Euro trading at 1.124.

 

Data to look out today.   

13:30 USD initial Jobless claims.

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
THUR 07:00 GBP GBP Nationwide House PX (MoM)
THUR 07:00 GBP GBP Nationwide House Px n.s.a. (YoY)
THUR 08:45 EUR EUR Markit/ADACI Italy Services PMI
THUR 08:45 EUR EUR Markit/ADACI Italy Composite PMI
THUR 08:50 EUR EUR Markit France Services PMI
THUR 08:50 EUR EUR Markit France Composite PMI
THUR 08:55 EUR EUR Markit Germany Services PMI
THUR 08:55 EUR EUR Markit/BME Germany Composite PMI
THUR 09:00 EUR EUR Markit Eurozone Services PMI
THUR 09:00 EUR EUR Markit Eurozone Composite PMI
THUR 09:30 GBP GBP Official Reserves (Changes)
THUR 09:30 GBP GBP Net Consumer Credit
THUR 09:30 GBP GBP Net Lending Sec on Dwellings
THUR 09:30 GBP GBP Mortgage Approvals
THUR 09:30 GBP GBP Money Supply M4 (MoM)
THUR 09:30 GBP GBP M4 Money Supply (YoY)
THUR 09:30 GBP GBP M4 Ex IOFCs 3M Annualised
THUR 09:30 GBP GBP Markit/CIPS UK Services PMI
THUR 09:30 GBP GBP Markit/CIPS UK Composite PMI
THUR 12:30 USD USD Challenger Job Cuts (YoY)
THUR 13:15 USD USD ADP Employment Change
THUR 13:30 USD USD Initial Jobless Claims
THUR 13:30 USD USD Continuing Claims
THUR 14:45 USD USD Markit US Services PMI
THUR 14:45 USD USD Markit US Composite PMI
THUR 15:30 USD USD EIA Natural Gas Storage Change
THUR 15:30 USD USD EIA Working Natural Gas Implied Flow
THUR 16:00 USD USD DOE U.S. Crude Oil Inventories
THUR 16:00 USD USD DOE Cushing OK Crude Inventory
THUR 16:00 USD USD DOE U.S. Gasoline Inventories
THUR 16:00 USD USD DOE U.S. Distillate Inventory
THUR 18:30 USD USD Fed's Bullard Speaks at Economics Convention in Philadelphia
THUR 00:01 GBP GBP BRC Shop Price Index (YoY)

Foreign Exchange Rates

GBP/ USD 1.35387
GBP/ EUR 1.12354
EUR/ USD 1.20435
GBP/ AUD 1.72562
GBP/ CAD 1.69501
GBP/ CHF 1.32117
GBP/ CZK 28.6248
GBP/ DKK 8.36245
GBP/ HKD 10.58750
GBP/ INR 85.7643
GBP/ JPY 152.399
GBP/ NOK 10.95630
GBP/ NZD 1.90024
GBP/ PLN 4.66712
GBP/ SEK 11.0486
GBP/ SGD 1.79949
GBP/ THB 43.6401
GBP/ TRY 5.09595
GBP/ ZAR 16.64352

*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team

January 2018
S M T W T F S
31 1 2 3 4 5 6
7 8 9 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
RSS Feed

Please subscribe to our FREE foreign exchange market update feed.

Cookies On The KBRFX Website

We use cookies on our website. They help us to know a little bit about you & how you use our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on our website. However, if you would like to, you can change your cookie settings at any time.

Continue Find out more