Fri, February 09, 2018
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.
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| 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 |
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*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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