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Foreign Exchange Daily Market Update 07/02/2018

Fri, February 09, 2018

Pound falls to its lowest level in more than 2 weeks.

Sterling fell for the third straight day against the dollar to the lowest level in more than two weeks as a deep slump in stock markets had a knock-on effect on the currency markets.

Sterling weakened, after it had rallied 5% in January, its best start to a year on record, amid expectations of a smoother Brexit and a hawkish message from the BOE on Thursday.

 

Sterling fell by as much as 0.9% to $1.3836, the weakest level since Jan. 18, before bouncing back to $1.3873 against the dollar yesterday afternoon. The pound weakened 0.3% to 1.122 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 

Data Releases

Day Time Currency Event
WED 07:00 EUR EUR German Industrial Production s.a. (MoM)
WED 07:00 EUR EUR German Industrial Production n.s.a. and w.d.a. (YoY)
WED 08:30 GBP GBP Halifax House Prices (MoM)
WED 08:30 GBP GBP Halifax House Price 3Mths/Year
WED 09:00 EUR EUR ECB's Nouy and Lautenschlaeger Speak in Frankfurt
WED 10:00 EUR EUR European Commission Economic Forecasts
WED 11:00 USD USD Fed's Kaplan Speaks in Frankfurt
WED 12:00 USD USD MBA Mortgage Applications
WED 13:30 USD USD Fed's Dudley Speaks in Moderated Q&A
WED 15:15 USD USD Fed's Evans Speaks on Economic and Policy Outlook
WED 15:30 USD USD DOE U.S. Gasoline Inventories
WED 15:30 USD USD DOE U.S. Crude Oil Inventories
WED 15:30 USD USD DOE Cushing OK Crude Inventory
WED 15:30 USD USD DOE U.S. Distillate Inventory
WED 18:00 USD USD U.S. to Sell USD24 Bln 10-Year Notes
WED 22:20 USD USD Fed's Williams Speaks in Hawaii
WED 00:01 GBP GBP RICS House Price Balance

Foreign Exchange Rates

GBP/ USD 1.39334
GBP/ EUR 1.12647
EUR/ USD 1.23637
GBP/ AUD 1.7694
GBP/ CAD 1.74286
GBP/ CHF 1.30439
GBP/ CZK 28.4195
GBP/ DKK 8.38364
GBP/ HKD 10.87466
GBP/ INR 89.2766
GBP/ JPY 151.785
GBP/ NOK 10.90123
GBP/ NZD 1.90456
GBP/ PLN 4.6805
GBP/ SEK 11.10312
GBP/ SGD 1.83772
GBP/ THB 43.9511
GBP/ TRY 5.2605
GBP/ ZAR 16.57030

*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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