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Foreign Exchange Daily Market Update 08/06/18

Fri, June 08, 2018

Germany manufacturing Production fell.

 

Manufacturing production in Germany unexpectedly fell in April, continuing a run of poor economic news from Europe’s largest economy.

A fall of 1% in output, along with a shock decline in factory orders reported earlier this week, indicates a moderate pace of growth in the second quarter. Exports has also fallen 0.3% in April, while in France, industrial production also declined.

The sterling strengthened 0.2% against the Euro after the German data.

Monthly data can be erratic, the fall in German production wasn’t an isolated incident, as Factory orders fell 2.5% in April.

The Pound fell to $1.3405 after touching 1.3445 yesterday. Sterling rose to 1.1425 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
FRI 06:00 EUR EUR German Trade Balance
FRI 06:00 EUR EUR German Current Account (euros)
FRI 06:00 EUR EUR German Exports s.a. (MoM)
FRI 06:00 EUR EUR German Imports s.a. (MoM)
FRI 06:00 EUR EUR German Industrial Production s.a. (MoM)
FRI 06:00 EUR EUR German Industrial Production n.s.a. and w.d.a. (YoY)
FRI 06:00 EUR EUR Labor Costs SA (QoQ)
FRI 06:00 EUR EUR Labor Costs WDA (YoY)
FRI 07:15 EUR EUR ECB's Mersch Speaks in Paris
FRI 08:30 GBP GBP BoE/TNS Inflation Next 12 Mths
FRI 14:00 USD USD Wholesale Trade Sales (MoM)
FRI 14:00 USD USD Wholesale Inventories (MoM)
FRI 17:00 USD USD Baker Hughes U.S. Rig Count

Foreign Exchange Rates

GBP / USD 1.34118
GBP / EUR 1.14008
EUR / USD 1.17588
GBP / AUD 1.77155
GBP / CAD 1.74555
GBP / CHF 1.31745
GBP / CZK 29.4538
GBP / DKK 8.49028
GBP / HKD 10.52382
GBP / INR 90.6316
GBP / JPY 146.776
GBP / MUR 45.27
GBP / NOK 10.84023
GBP / NZD 1.91278
GBP / PLN 4.88891
GBP / SEK 11.73984
GBP / SGD 1.79190
GBP / THB 43.0010
GBP / TRY 6.07644
GBP / ZAR 17.74594

*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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