Tue, February 06, 2018
Sterling strength may need the Bank of England to raise interest rates in May.
The pound saw first weekly decline against the dollar since mid-December, as worst then expected U.K. data and renewed examination on Theresa May’s future amid Brexit talks. The pound has been kept up from the expectations that the BOE could raise interest rates as soon as its May meeting.
The pound fell 0.4% to $1.3915 this morning against the dollar, having appreciated almost five percent this year. It weakened 0.3% to 1.125 against the Euro.
Data to look out today.
Not much data due out today
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 |
|---|---|---|---|
| TUE | 07:00 | EUR | EUR German Factory Orders (MoM) | TUE | 07:00 | EUR | EUR German Factory Orders n.s.a. (YoY) | TUE | 08:30 | EUR | EUR Markit Germany Construction PMI | TUE | 09:00 | GBP | GBP New Car Registrations (YoY) | TUE | 09:10 | EUR | EUR Markit Italy Retail PMI | TUE | 09:10 | EUR | EUR Markit France Retail PMI | TUE | 09:10 | EUR | EUR Markit Germany Retail PMI | TUE | 09:10 | EUR | EUR Markit Eurozone Retail PMI | TUE | 13:30 | USD | USD Trade Balance | TUE | 13:50 | USD | USD Fed's Bullard Speaks on U.S. Economy and Monetary Policy | TUE | 15:00 | USD | USD JOLTS Job Openings | TUE | 16:30 | USD | USD U.S. to Sell 4-Week Bills | TUE | 18:00 | USD | USD U.S. to Sell USD26 Bln 3-Year Notes |
| {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 |
| 28 | 29 | 30 | 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 | 1 | 2 | 3 |
Please subscribe to our FREE foreign exchange market update feed.
