Fri, January 19, 2018
Sterling hit its highest level against the dollar post Brexit earlier this week, but many are still holding caution.
On the face of it sterling has recovered, the is reality is more about the dollar. In sync with sterling’s strength, the dollar has fallen about 2% since the start of January. What the euro does is far more important
There has been mixed U.K data recently there has been positive news on the Brexit talks but we have yet to see any actual progress. This means that if the dollar recovers, we may well see sterling’s gains eroded.
The pound touched a post-Brexit high of $1.3942 on Wednesday. The level of $1.3850 is key for this week and finishing below that could embolden investors to go short, said Juckes
The Pound fell slightly to $1.392 this morning after touching a post Brexit high of $1.3942 on Wednesday against the dollar. Sterling rose to 1.133 against the Euro.
Data to look out today.
09:30 GBP 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
| Day | Time | Currency | Event |
|---|---|---|---|
| FRI | 07:00 | EUR | EUR German Producer Price Index (MoM) | FRI | 07:00 | EUR | EUR German Producer Price Index (YoY) | FRI | 09:00 | EUR | EUR Euro-Zone Current Account s.a. (euros) | FRI | 09:00 | EUR | EUR Euro-Zone Current Account n.s.a. (euros) | FRI | 09:30 | GBP | GBP Retail Sales Ex Auto Fuel (MoM) | FRI | 09:30 | GBP | GBP Retail Sales Ex Auto Fuel (YoY) | FRI | 09:30 | GBP | GBP Retail Sales Inc Auto Fuel (MoM) | FRI | 09:30 | GBP | GBP Retail Sales Inc Auto Fuel (YoY) | FRI | 15:00 | USD | USD U. of Mich. Sentiment | FRI | 15:00 | USD | USD U. of Mich. Expectations | FRI | 15:00 | USD | USD U. of Mich. 1 Yr Inflation | FRI | 15:00 | USD | USD U. of Mich. 5-10 Yr Inflation | FRI | 15:00 | USD | USD U. of Mich. Current Conditions | FRI | 18:00 | USD | USD Baker Hughes U.S. Rig Count | FRI | 18:00 | USD | USD Fed's Quarles Speaks on Bank Regulation |
| {currency-pair} | {exchange-rate} |
|---|
*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
| 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 |
Please subscribe to our FREE foreign exchange market update feed.
