Foreign Exchange Business Foreign Exchange Personal Foreign Exchange Partners

Foreign Exchange Daily Market Update 06/09/18

Thu, September 06, 2018

Sterling jumps as Britain & Germany are to drop key Brexit demands.

Sterling rallied after the British and German governments were said to have abandoned key Brexit demands to potentially lighten the path for the U.K. to strike up a deal with the EU.

GBP shook off its earlier weakness to soar toward $1.30. Germany is ready to accept a less detailed agreement on the U.K.’s future ties with the EU in a bid to get a Brexit deal done, while the U.K. is also willing to settle for a vaguer statement of intent.

If the story is true, then a transition will become the markets’ base case again and this should further lift the pound.

Sterling fell to a two-week low against the dollar after the U.K. charged two Russian nationals over attempted murder, fuelling concern the nation’s elevated tensions with the Kremlin will worsen.

Sterling increased by 0.8% to $1.2971 by 15:35 yesterday afternoon against the dollar, after touching a high of $1.2983. Sterling gained 0.5% to 1.1164 against the Euro.

 

Data to look out today.   

15:00 USD non-manufacturing composite.  

 

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 Factory Orders (MoM)
THURS 06:00 EUR EUR German Factory Orders n.s.a. (YoY)
THURS 07:30 EUR EUR Markit Germany Construction PMI
THURS 11:30 USD USD Challenger Job Cuts (YoY)
THURS 11:45 EUR EUR ECB's Lautenschlaegger Speaks in Vienna
THURS 12:15 USD USD ADP Employment Change
THURS 12:30 USD USD Initial Jobless Claims
THURS 12:30 USD USD Continuing Claims
THURS 12:30 USD USD Nonfarm Productivity
THURS 12:30 USD USD Unit Labor Costs
THURS 13:45 USD USD Markit US Services PMI
THURS 13:45 USD USD Markit US Composite PMI
THURS 14:00 USD USD Fed's Williams Speaks at University of Buffalo
THURS 14:00 USD USD ISM Non-Manufacturing/Services Composite
THURS 14:00 USD USD Factory Orders
THURS 14:00 USD USD Factory Orders Ex Trans
THURS 14:00 USD USD Durable Goods Orders
THURS 14:00 USD USD Durables Ex Transportation
THURS 14:00 USD USD Cap Goods Orders Nondef Ex Air
THURS 14:00 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 DOE U.S. Crude Oil Inventories
THURS 15:00 USD USD DOE Cushing OK Crude Inventory
THURS 15:00 USD USD DOE U.S. Gasoline Inventories
THURS 15:00 USD USD DOE U.S. Distillate Inventory

Foreign Exchange Rates

GBP / USD 1.29272
GBP / EUR 1.11116
EUR / USD 1.16280
GBP / AUD 1.79601
GBP / CAD 1.70209
GBP / CHF 1.25305
GBP / CZK 28.5647
GBP / DKK 8.28413
GBP / HKD 10.14589
GBP / INR 92.8061
GBP / JPY 143.914
GBP / MUR 44
GBP / NOK 10.84266
GBP / NZD 1.95866
GBP / PLN 4.80299
GBP / SEK 11.73611
GBP / SGD 1.77673
GBP / THB 42.3748
GBP / TRY 8.51241
GBP / ZAR 19.72395

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

September 2018
S M T W T F S
26 27 28 29 30 31 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 6
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