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Foreign Exchange Daily Market Update 19/04/18

Thu, April 19, 2018

Pound is halted by slowing Inflation.

In just three days, the possibility of two rate hikes this shaken up.

Sterling fell yesterday as inflation slowed to the weakest level in a year, and wage growth came in slower than expected on Tuesday. A hike in May is still almost fully priced in the market, a second hike in 2018 has fallen.

This means sterling isn’t looking as strong. GBP is more likely to fall back to $1.40 in the next month from around $1.42 now, instead of rising to $1.45.

Bank of England policy makers, have said that the U.K. needs more increases to help stop the economy from overheating.

This was one of the main reasons for the rally that took sterling above $1.43 earlier this week to the highest since the Brexit vote.

The Pound fell from a high of $1.4315 yesterday to 1.4195, Sterling fell from €1.16 on Tuesday to 1.1473.


Data to look out today.   

13:30 USD initial Jobless claims.





KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex

Data Releases

Day Time Currency Event
THUR 08:00 EUR Euro-Zone Current Account s.a. (euros)
THUR 08:00 EUR Euro-Zone Current Account n.s.a. (euros)
THUR 08:30 GBP Retail Sales Ex Auto Fuel (MoM)
THUR 08:30 GBP Retail Sales Ex Auto Fuel (YoY)
THUR 08:30 GBP Retail Sales Inc Auto Fuel (MoM)
THUR 08:30 GBP Retail Sales Inc Auto Fuel (YoY)
THUR 10:10 GBP BOE FPC's Brazier speaks in London
THUR 12:00 USD Fed's Brainard Speaks on Regulatory Reform
THUR 12:30 USD Initial Jobless Claims
THUR 12:30 USD Continuing Claims
THUR 12:30 USD Philadelphia Fed Business Outlook
THUR 13:30 USD Fed's Quarles Testifies on Supervision Before Senate Panel
THUR 14:00 USD Leading Index
THUR 14:30 USD EIA Working Natural Gas Implied Flow
THUR 14:30 USD EIA Natural Gas Storage Change
THUR 16:30 GBP BOE's Cunliffe speaks in Washington.
THUR 17:00 USD U.S. to Sell USD 16Bln 5-Year TIPS Reopening
THUR 22:45 USD Fed's Mester Speaks on Economic Outlook and Policy

Foreign Exchange Rates

GBP / USD 1.41743
GBP / EUR 1.14650
EUR / USD 1.23569
GBP / AUD 1.81844
GBP / CAD 1.78823
GBP / CHF 1.37311
GBP / CZK 29.0160
GBP / DKK 8.53962
GBP / HKD 11.12608
GBP / INR 93.2427
GBP / JPY 152.217
GBP / MUR 46.99
GBP / NOK 10.99450
GBP / NZD 1.93802
GBP / PLN 4.77738
GBP / SEK 11.89652
GBP / SGD 1.85581
GBP / THB 44.2543
GBP / TRY 5.72589
GBP / ZAR 16.93624

*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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