Foreign Exchange Business Foreign Exchange Personal Foreign Exchange Partners

Foreign Exchange Daily Market Update 25/04/18

Wed, April 25, 2018

Pound falls as the possibility of Britain remaining in the customs union.

The pound’s recent slip may be a bit wishy washy that Britain could stay in the customs union after Brexit.

Sterling has fallen by almost 3% against the dollar since touching a post-Brexit vote high on April 17, as a May interest-rate increase seems more likely. The U.K.’s exit from the European Union is often seen as a risk for sterling, hopes of a softer Brexit could salvage the pound from its BOE woes.  

We could see sterling rise to $1.43 by year-end.

On Sunday, Downing Street ruled out changing its attitude on leaving the customs union, after speculation over the weekend that Prime Minister might have to concede on this Brexit ‘red line’.

May’s inner circle thinks she could be forced to accept staying in the EU’s customs union because Parliament will reject her plan to withdraw from it when the issue comes to a vote in the House of Commons.

The Pound fell 0.3% to $1.39562 this morning against the dollar, after touching a post Brexit high. Sterling rose to 1.142 after falling to 1.14 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
THURS 06:00 EUR EUR German GfK Consumer Confidence
THURS 08:30 GBP GBP BBA Loans for House Purchase
THURS 08:30 GBP GBP BOE's Alex Brazier Speaks in London
THURS 10:00 GBP GBP CBI Reported Sales
THURS 10:00 GBP GBP CBI Total Dist Reported Sales
THURS 11:45 EUR EUR European Central Bank Rate Decision
THURS 11:45 EUR EUR ECB Marginal Lending Facility
THURS 11:45 EUR EUR ECB Deposit Facility Rate
THURS 12:30 EUR EUR ECB President Draghi's Media Briefing After Policy Decision
THURS 12:30 USD USD Initial Jobless Claims
THURS 12:30 USD USD Continuing Claims
THURS 12:30 USD USD Advance Goods Trade Balance
THURS 12:30 USD USD Retail Inventories (MoM)
THURS 12:30 USD USD Wholesale Inventories (MoM)
THURS 12:30 USD USD Durable Goods Orders
THURS 12:30 USD USD Durables Ex Transportation
THURS 12:30 USD USD Cap Goods Orders Nondef Ex Air
THURS 12:30 USD USD Cap Goods Ship Nondef Ex Air
THURS 14:30 USD USD EIA Working Natural Gas Implied Flow
THURS 14:30 USD USD EIA Natural Gas Storage Change
THURS 15:00 USD USD Kansas City Fed Manf Activity
THURS 17:00 USD USD U.S. to Sell USD29 Bln 7-Year Notes
THURS 23:01 GBP GBP GfK Consumer Confidence

Foreign Exchange Rates

GBP / USD 1.39561
GBP / EUR 1.14301
EUR / USD 1.22025
GBP / AUD 1.84014
GBP / CAD 1.79447
GBP / CHF 1.37056
GBP / CZK 29.0160
GBP / DKK 8.51262
GBP / HKD 10.94882
GBP / INR 93.1327
GBP / JPY 152.217
GBP / MUR 46.76
GBP / NOK 11.08450
GBP / NZD 1.96702
GBP / PLN 4.81891
GBP / SEK 11.90652
GBP / SGD 1.85099
GBP / THB 44.0159
GBP / TRY 5.66921
GBP / ZAR 17.37981

*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team

April 2018
S M T W T F S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5
RSS Feed

Please subscribe to our FREE foreign exchange market update feed.

Cookies On The KBRFX Website

We use cookies on our website. They help us to know a little bit about you & how you use our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on our website. However, if you would like to, you can change your cookie settings at any time.

Continue Find out more