Foreign Exchange Business Foreign Exchange Personal Foreign Exchange Partners

Foreign Exchange Daily Market Update 15/11/18

Thu, November 15, 2018

Sterling falls even after Brexit deal as May faces risk of Tory rebellion.

Sterling weakened even after Theresa May’s top team signed off on her Brexit draft deal, as fears grew of a rebellion from within her own party.

Sterling fluctuated between gains and losses as the political drama played out yesterday evening amid lingering doubts over whether the deal will get through Parliament. It reversed Thursday’s early advance as the U.K. premier also faced the threat of further resignations in protest of the plans.

If politicians refuse to endorse the deal when it comes to a vote in the next few weeks, they risk the U.K. crashing out of the bloc without a deal, or torpedoing Brexit altogether, May said.

It was widely expected and at the same time, there was news out that the hardliners will try to force Theresa May out. The pound will remain volatile near-term until we get more clarification

Sterling fell 0.4 % to $1.28077, after gaining as much as 0.7% yesterday. It weakened 0.6% to 1.132% against the euro.

 

Data to look out today.   

13:30 USD Retail sales.  

  • Sterling slips even after Cabinet signed off Brexit draft deal.
  • Sterling will remain volatile’ on domestic politics

 

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
THUR 07:00 EUR EUR EU 25 New Car Registrations (OCT)
THUR 09:30 GBP GBP Retail Sales Ex Auto Fuel (MoM) (OCT)
THUR 09:30 GBP GBP Retail Sales Ex Auto Fuel (YoY) (OCT)
THUR 09:30 GBR GBP Retail Sales Inc Auto Fuel (MoM) (OCT)
THUR 09:30 GBP GBP Retail Sales Inc Auto Fuel (YoY) (OCT)
THUR 10:00 EUR EUR Euro-Zone Trade Balance s.a. (SEP)
THUR 10:00 EUR EUR Euro-Zone Trade Balance (euros) (SEP)
THUR 12:15 EUR EUR ECB's Coeure Speaks in Basel
THUR 13:10 EUR EUR ECB's Praet Speaks in Brussels
THUR 13:30 USD USD Empire Manufacturing (NOV)
THUR 13:30 USD USD Philadelphia Fed Business Outlook (NOV)
THUR 13:30 USD USD Retail Sales Advance (MoM) (OCT)
THUR 13:30 USD USD Retail Sales Ex Auto (MoM) (OCT)
THUR 13:30 USD USD Retail Sales Ex Auto and Gas (OCT)
THUR 13:30 USD USD Import Price Index (MoM) (OCT)
THUR 13:30 USD USD Import Price Index ex Petroleum (MoM) (OCT)
THUR 13:30 USD USD Import Price Index (YoY) (OCT)
THUR 13:30 USD USD Export Price Index (MoM) (OCT)
THUR 13:30 USD USD Export Price Index (YoY) (OCT)
THUR 13:30 USD USD Initial Jobless Claims (NOV 10)
THUR 13:30 USD USD Continuing Claims (NOV 3)
THUR 14:35 EUR EUR ECB Vice President de Guindos Speaks in Amsterdam
THUR 15:00 USD USD Business Inventories (SEP)
THUR 15:00 USD USD Fed's Quarles to Appear before Senate Banking Panel
THUR 15:30 USD USD EIA Working Natural Gas Implied Flow (NOV 9)
THUR 15:30 USD USD EIA Natural Gas Storage Change (NOV 9)
THUR 16:00 USD USD DOE U.S. Crude Oil Inventories (NOV 9)
THUR 16:00 USD USD DOE Cushing OK Crude Inventory (NOV 9)

Foreign Exchange Rates

GBP / USD 1.2787
GBP / EUR 1.13313
EUR / USD 1.12768
GBP / AUD 1.76157
GBP / CAD 1.69183
GBP / CHF 1.28763
GBP / CZK 29.4362
GBP / DKK 8.45146
GBP / HKD 10.01133
GBP / INR 92.1087
GBP / JPY 144.922
GBP / MUR 43.90
GBP / NOK 10.89009
GBP / NZD 1.87882
GBP / PLN 4.86489
GBP / SEK 11.64404
GBP / SGD 1.76092
GBP / THB 42.1992
GBP / TRY 6.95342
GBP / ZAR 18.32838

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

November 2018
S M T W T F S
28 29 30 311 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
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