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Foreign Exchange Daily Market Update 16/01/2018

Tue, January 16, 2018

Pound strength could be a short lived.

Sterling hit the highest level since post Brexit, yet some analysts are not too happy over its prospects.

As recent Brexit talks has been constructive. Experts at JP Morgan cannot see sterling maintaining its strength as weak economic data and that Brexit talks could collapse. It could see the pound fall to as low as $1.30 by March 2018, compared to the predicted 1.33.

The U.K. economy has been left behind as the rest of the world powers ahead.

Sterling has been held up by the Bank of England’s tightening policy, and it is likely that we could see two more interest-rate hikes this year.

Sterling slipped slightly 1.375 against the dollar, after touching 1.38. the pound remained unchanged against the Euro at 1.124.

 

Data to look out today.   

09:30 GBP Consumer Price Index.  

 

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 07:00 EUR EUR German Wholesale Price Index (MoM)
Tue 07:00 EUR EUR German Wholesale Price Index (YoY)
Tue 07:00 EUR EUR German Consumer Price Index (MoM)
Tue 07:00 EUR EUR German Consumer Price Index (YoY)
Tue 09:15 GBP GBP Woods Boss and Yallop testify on PRA before U.K. lawmakers.
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 13:30 USD USD Empire Manufacturing
Tue 16:30 USD USD U.S. to Sell USD45 Bln 4-Week Bills
Tue 16:30 USD USD U.S. to Sell USD48 Bln 3-Month Bills
Tue 16:30 USD USD U.S. to Sell USD42 Bln 6-Month Bills

Foreign Exchange Rates

GBP/ USD 1.37513
GBP/ EUR 1.12418
EUR/ USD 1.22217
GBP/ AUD 1.72988
GBP/ CAD 1.70941
GBP/ CHF 1.32296
GBP/ CZK 28.6511
GBP/ DKK 8.36450
GBP/ HKD 10.66068
GBP/ INR 88.1168
GBP/ JPY 152.262
GBP/ NOK 10.83631
GBP/ NZD 1.89182
GBP/ PLN 4.70285
GBP/ SEK 11.04334
GBP/ SGD 1.80504
GBP/ THB 43.9780
GBP/ TRY 5.26358
GBP/ ZAR 16.86018

*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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