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Foreign Exchange Daily Market Update 29/03/18

Thu, March 29, 2018

Pound Finds Friends Amidst Europe's Funds at Brexit Mid Point.

Its half way for Brexit and some of Europe’s top funds are still struggling to find a reason to buy the pound.

Twelve months after the U.K. triggered the two-year process to leave the EU. The two sides have not got to talking on trade and that’s encouriging to maintain a short position on sterling.

The expectation of The Bank of England could increase the interest rates as early as May helped the sterling outperform of its peers this year. Option volatility on the U.K. currency has averaged higher this quarter as the nation faced an industrial slowdown. 

 The euro climbed less than 0.05% to $1.231. The pound declined 0.1% to $1.4057, the weakest in more than a week. The Japanese yen advanced 0.2% to 106.65 per dollar.

 

Data to look out today.

8:30 GBP Mortgage Approvals.

8:30 GBP Net Consumer Cerdit.

12:00 EUR German Consumer Price Index

12:30 USD PCE Core

 

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
THUR GBP 06:00 GBP Nationwide House PX (MoM)
THUR GBP 06:00 GBP Nationwide House Px n.s.a. (YoY)
THUR EUR 07:55 EUR German Unemployment Change (000's)
THUR EUR 07:55 EUR German Unemployment Claims Rate s.a.
THUR GBP 08:30 GBP Net Consumer Credit
THUR GBP 08:30 GBP Net Lending Sec. on Dwellings
THUR GBP 08:30 GBP Mortgage Approvals
THUR GBP 08:30 GBP Money Supply M4 (MoM)
THUR GBP 08:30 GBP M4 Money Supply (YoY)
THUR GBP 08:30 GBP M4 Ex IOFCs 3M Annualised
THUR GBP 08:30 GBP Current Account Balance
THUR GBP 08:30 GBP Index of Services (MoM)
THUR GBP 08:30 GBP Index of Services (3Mo3M)
THUR GBP 08:30 GBP Gross Domestic Product (QoQ)
THUR GBP 08:30 GBP Gross Domestic Product (YoY)
THUR GBP 08:30 GBP Total Business Investment (QoQ)
THUR GBP 08:30 GBP Total Business Investment (YoY)
THUR EUR 12:00 EUR German Consumer Price Index (MoM)
THUR EUR 12:00 EUR German Consumer Price Index (YoY)
THUR USD 12:30 USD Revisions: Initial Jobless Claims
THUR USD 12:30 USD Personal Income
THUR USD 12:30 USD Personal Spending
THUR USD 12:30 USD Real Personal Spending
THUR USD 12:30 USD PCE Deflator (MoM)
THUR USD 12:30 USD PCE Deflator (YoY)
THUR USD 12:30 USD PCE Core (MoM)
THUR USD 12:30 USD PCE Core (YoY)
THUR USD 12:30 USD Initial Jobless Claims
THUR USD 12:30 USD Continuing Claims
THUR USD 13:45 USD Chicago Purchasing Manager
THUR USD 14:00 USD U. of Mich. Sentiment
THUR USD 14:00 USD U. of Mich. Current Conditions
THUR USD 14:00 USD U. of Mich. Expectations
THUR USD 14:00 USD U. of Mich. 1 Yr Inflation
THUR USD 14:00 USD U. of Mich. 5-10 Yr Inflation
THUR USD 14:30 USD EIA Working Natural Gas Implied Flow
THUR USD 14:30 USD EIA Natural Gas Storage Change
THUR USD 17:00 USD Baker Hughes U.S. Rig Count
THUR USD 17:00 USD Fed's Harker Speaks on the Economic Outlook

Foreign Exchange Rates

GBP / USD 1.4053
GBP / EUR 1.14235
EUR / USD 1.23034
GBP / CAD 1.81583
GBP / AUD 1.83173
GBP / CHF 1.34563
GBP / CZK 29.0641
GBP / DKK 8.51268
GBP / HKD 11.0283
GBP / INR 91.5697
GBP / JPY 149.805
GBP / MUR 47.2339
GBP / NOK 11.0627
GBP / NZD 1.95271
GBP / PLN 4.80285
GBP / SEK 11.7512
GBP / SGD 1.84370
GBP / THB 43.8892
GBP / TRY 5.63778
GBP / ZAR 16.6003

*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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