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Foreign Exchange Daily Market Update 12/01/2018

Fri, January 12, 2018

USD weakens as Sterling touches its highest level since September.

Sterling reached its highest level since September, after shrugging off any Brexit worries as it got a boost from a weaker dollar.

The pound rose after a weekly decline as the dollar dropped ahead of a U.S. inflation report that showed a weaker-than-expected producer prices on Thursday. Earlier this week sterling had continued pressure of signs of division over Brexit and disappointing U.K. economic data.

Sterling rose 0.6% to $1.3617 against the dollar. GBP weakened 0.2% to 1.121 against the Euro, as the Euro strengthened after a preliminary agreement in German coalition talks.

The focus is still likely to continue over developments on Brexit talks, as banks including Morgan Stanley were said to be trigger contingency plans and setting up headquarters in Frankfurt.

 

Data to look out today.   

13:30 USD Consumer Price Index (CPI.)

13:30 USD Retail Sales

 

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
FRI 13:30 USD USD Consumer Price Index (MoM)
FRI 13:30 USD USD Consumer Price Index Ex Food and Energy (MoM)
FRI 13:30 USD USD Consumer Price Index (YoY)
FRI 13:30 USD USD Consumer Price Index Ex Food and Energy (YoY)
FRI 13:30 USD USD Consumer Price Index n.s.a.
FRI 13:30 USD USD Consumer Price Index Core Index s.a.
FRI 13:30 USD USD Retail Sales Advance (MoM)
FRI 13:30 USD USD Retail Sales Ex Auto (MoM)
FRI 13:30 USD USD Retail Sales Ex Auto and Gas
FRI 13:30 USD USD Retail Sales Control Group
FRI 13:30 USD USD Real Avg Weekly Earnings (YoY)
FRI 13:30 USD USD Real Avg Hourly Earning (YoY)
FRI 15:00 USD USD Business Inventories
FRI 18:00 USD USD Baker Hughes U.S. Rig Count
FRI 21:15 USD USD Fed's Rosengren Gives Keynote Address at UC San Diego Conf

Foreign Exchange Rates

GBP/ USD 1.36203
GBP/ EUR 1.12315
EUR/ USD 1.21213
GBP/ AUD 1.73037
GBP/ CAD 1.70662
GBP/ CHF 1.32296
GBP/ CZK 28.6511
GBP/ DKK 8.36450
GBP/ HKD 10.66068
GBP/ INR 86.5962
GBP/ JPY 151.465
GBP/ NOK 10.85731
GBP/ NZD 1.87729
GBP/ PLN 4.68492
GBP/ SEK 11.04334
GBP/ SGD 1.80504
GBP/ THB 43.5412
GBP/ TRY 5.12824
GBP/ ZAR 16.90705

*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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