Foreign Exchange Business Foreign Exchange Personal Foreign Exchange Partners

Foreign Exchange Daily Market Update 19/10/18

Fri, October 19, 2018

Deputy Bank of England Governor warns sterling could be in for a of big fall on a bad Brexit outcome.

Sterling could be in for a big drop if the U.K. crashes out of the EU in a disruptive Brexit, according to a deputy governor of the BOE.

The pound is being driven by negotiations with the EU, with its current value reflecting several possible outcomes. That means large swings are possible once the outcome becomes known.

As talks in Brussels on Wednesday failed to break the deadlock, Theresa May is considering extending the transition period after formally leaving the EU  in March. EU leaders decided that not enough progress had been made so far to call a summit to sign a divorce agreement in November

Sterling fell to $1.30172 against the dollar.  The pound weakened against the euro to 1.134.

 

 Data to look out today.  

 

15:30 GBP BOE Governor speak in New York.  

 

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 08:00 EUR EUR Euro-Zone Current Account s.a. (euros)
FRI 08:30 GBP GBP PSNB ex Banking Groups
FRI 08:30 GBP GBP Public Sector Net Borrowing
FRI 08:30 GBP GBP Central Government NCR
FRI 08:30 GBP GBP Public Finances (PSNCR) (Pounds)
FRI 14:00 USD USD Existing Home Sales
FRI 14:00 USD USD Existing Home Sales (MoM)
FRI 15:30 GBP GBP BOE Governor Carney Speaks in New York
FRI 16:00 USD USD Fed's Bostic Speaks on Economic Outlook
FRI 16:45 USD USD Fed's Kaplan Speaks in New York
FRI 17:00 USD USD Baker Hughes U.S. Rig Count

Foreign Exchange Rates

GBP / USD 1.30151
GBP / EUR 1.13521
EUR / USD 1.14598
GBP / AUD 1.82570
GBP / CAD 1.69803
GBP / CHF 1.29326
GBP / CZK 29.3659
GBP / DKK 8.45638
GBP / HKD 10.21236
GBP / INR 95.3986
GBP / JPY 146.432
GBP / MUR 44.65
GBP / NOK 10.72389
GBP / NZD 1.976802
GBP / PLN 4.88689
GBP / SEK 11.77704
GBP / SGD 1.79792
GBP / THB 42.0892
GBP / TRY 7.49722
GBP / ZAR 18.67238

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

October 2018
S M T W T F S
301 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 31 1 2 3
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