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Foreign Exchange Daily Market Update 17/07/18

Tue, July 17, 2018

Volatile Politics Could See Pound Break Out.

Sterling remains volatile as political drama continues to dominate. Theresa May’s fate looks on the line over her Brexit plans and the August Bank of England meeting coming closer.

The political backdrop in the U.K. could well determine the market, as the government is faces tough choices on whether to extend the Brexit process or even hold a fresh referendum.

Sterling looked vulnerable after the PM’s Brexit plan created a revolt from euroskeptic lawmakers, a leadership challenge for the prime minister, while it could benefit if the European Union accepts her proposals. Sterling fell nearly 6% last quarter to around $1.32,

The Pound rose to $1.3247. Sterling fell to 1.126 against the Euro from 1.13.


Data to look out today.   

Not much data due out today.




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

Data Releases

Day Time Currency Event
TUE 06:00 EUR EUR EU 25 New Car Registrations
TUE 08:00 GBP GBP BOE's Carney Cunliffe Stheeman Speak on Financial Stability
TUE 08:30 GBP GBP Claimant Count Rate
TUE 08:30 GBP GBP Jobless Claims Change
TUE 08:30 GBP GBP Average Weekly Earnings (3M/YoY)
TUE 08:30 GBP GBP Weekly Earnings ex Bonus (3M/YoY)
TUE 08:30 GBP GBP ILO Unemployment Rate 3Mths
TUE 08:30 GBP GBP Employment Change 3M/3M
TUE 13:15 USD USD Industrial Production (MoM)
TUE 13:15 USD USD Manufacturing (SIC) Production
TUE 13:15 USD USD Capacity Utilization
TUE 14:00 USD USD NAHB Housing Market Index
TUE 14:00 USD USD Powell to Deliver Semi-Annual Testimony Before Senate Panel
TUE 15:30 USD USD U.S. to Sell USD26 Bln 52-Week Bills
TUE 15:30 USD USD U.S. to Sell 4-Week Bills
TUE 20:00 USD USD Total Net TIC Flows
TUE 20:00 USD USD Net Long-term TIC Flows

Foreign Exchange Rates

GBP / USD 1.32499
GBP / EUR 1.12920
EUR / USD 1.17255
GBP / AUD 1.78458
GBP / CAD 1.73869
GBP / CHF 1.31686
GBP / CZK 29.1956
GBP / DKK 8.41796
GBP / HKD 10.38252
GBP / INR 90.5109
GBP / JPY 148.854
GBP / MUR 45.04
GBP / NOK 10.71192
GBP / NZD 1.9316
GBP / PLN 4.85539
GBP / SEK 11.68399
GBP / SGD 1.80651
GBP / THB 44.0481
GBP / TRY 6.40467
GBP / ZAR 17.56123

*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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