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Foreign Exchange Daily Market Update 27/03/18

Tue, March 27, 2018

Pound Climbs Above $1.42 as Labour Seeks to Prevent Hard Brexit

The pound has increased for the second day, going above $1.42 as the U.K. labour party said it was looking for an amendment to key Brexit legislation to restrict Britain leaving the EU without a deal being done.

The pound gains 0.6% to $1.4212, it strengthens 0.1% to 87.32 pence per euro, news that Labour will table amendments to the EU withdrawal bill to nullify a hard Brexit, it means less chance of a hard Brexit if parliament reject the outcome of the Brexit talks. However, the amendment proposes that if the Brexit bill is not accepted, the MPs would pass a motion displaying next steps which would include sending ministers back to the negotiating table in Brussels.

Former Labour leader Blair has said that Parliament should vote on the planning future relationship with the EU and then the electorate should come to a final judgement before Brexit occurs on March 29th, 2019.

Data to look out today.   

Not too much data being realised.

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
TUES EUR 06:00 EUR German Import Price Index (MoM)
TUES EUR 06:00 EUR German Import Price Index (YoY)
TUES EUR 08:00 EUR Euro-Zone M3 Money Supply (YoY)
TUES EUR 09:00 EUR Euro-Zone Economic Confidence
TUES EUR 09:00 EUR Euro-Zone Business Climate Indicator
TUES EUR 09:00 EUR Euro-Zone Industrial Confidence
TUES EUR 09:00 EUR Euro-Zone Services Confidence
TUES EUR 09:00 EUR Euro-Zone Consumer Confidence
TUES USD 13:00 USD S&P/Case-Shiller 20-City Index n.s.a
TUES USD 13:00 USD S&P CoreLogic CS 20-City (MoM) SA
TUES USD 13:00 USD S&P/Case-Shiller Composite-20 (YoY)
TUES USD 13:00 USD S&P/Case-Shiller US Home Price Index
TUES USD 13:00 USD S&P/Case-Shiller US Home Price Index (YoY)
TUES USD 14:00 USD Richmond Fed Manufact. Index
TUES USD 14:00 USD Consumer Confidence Index
TUES USD 14:00 USD Conf. Board Present Situation
TUES USD 14:00 USD Conf. Board Expectations
TUES USD 15:00 USD Fed's Bostic Speaks at Economic Conference in Atlanta
TUES USD 15:30 USD U.S. to Sell 4-Week Bills
TUES USD 15:30 USD U.S. to Sell USD24 Bln 52-Week Bills
TUES USD 17:00 USD U.S. to Sell USD35 Bln 5-Year Notes
TUES GBP GBP Nationwide House PX (MoM)
TUES GBP GBP Nationwide House Px n.s.a. (YoY)

Foreign Exchange Rates

GBP / USD 1.41940
GBP / EUR 1.13895
EUR / USD 1.24623
GBP / CAD 1.82323
GBP / AUD 1.83653
GBP / CHF 1.33945
GBP / CZK 28.9640
GBP / DKK 8.47634
GBP / HKD 11.1380
GBP / INR 92.0412
GBP / JPY 149.650
GBP / MUR 45.99
GBP / NOK 10.8746
GBP / NZD 1.94849
GBP / PLN 4.79366
GBP / SEK 11.6030
GBP / SGD 1.85422
GBP / THB 44.1952
GBP / TRY 5.63390
GBP / ZAR 16.5123

*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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