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Foreign Exchange Daily Market Update 29/11/18

Thu, November 29, 2018

Sterling could surge to $1.43 if Brexit hurdles are cleared.

Sterling could rally to year’s high above $1.43, if Brexit uncertainty is removed.

Sterling has fallen 14% against the dollar and 13% against the Euro and 8% to the Japanese yen since Britain voted to leave the EU in June 2016.

Yet, any clarity on Brexit remains elusive at this point. While U.K. Prime Minister Theresa May has secured a divorce agreement from the EU, it sparked lawmaker protests and ministerial resignations. A rejection of the deal by Parliament could reignite risks that include a no-deal Brexit, an early election, or even a second referendum.

The Pound fell to $1.2767 this afternoon against the dollar. Sterling fell 0.3% to 1.122 against the Euro,

 

Data to look out today.   

13:00 EUR EUR German Consumer Price Index 

13:30 USD Initial Jobless Claims

 

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
THU 07:45 EUR EUR French Gross Domestic Product (QoQ) (3Q P)
THU 07:45 EUR EUR French Gross Domestic Product (YoY) (3Q P)
THU 08:55 EUR EUR German Unemployment Change (000's) (NOV)
THU 08:55 EUR EUR German Unemployment Claims Rate s.a. (NOV)
THU 09:30 GBR GBP Net Consumer Credit (OCT)
THU 09:30 GBR GBP Net Lending Sec. on Dwellings (OCT)
THU 09:30 GBR GBP Mortgage Approvals (OCT)
THU 09:30 GBR GBP Money Supply M4 (MoM) (OCT)
THU 09:30 GBR GBP M4 Money Supply (YoY) (OCT)
THU 09:30 GBR GBP M4 Ex IOFCs 3M Annualised (OCT)
THU 10:00 EUR EUR Euro-Zone Economic Confidence (NOV)
THU 10:00 EUR EUR Euro-Zone Business Climate Indicator (NOV)
THU 10:00 EUR EUR Euro-Zone Industrial Confidence (NOV)
THU 10:00 EUR EUR Euro-Zone Services Confidence (NOV)
THU 10:00 EUR EUR Euro-Zone Consumer Confidence (NOV F)
THU 13:00 EUR EUR German Consumer Price Index (MoM) (NOV P)
THU 13:00 EUR EUR German Consumer Price Index (YoY) (NOV P)
THU 13:30 USD USD Personal Income (OCT)
THU 13:30 USD USD Personal Spending (OCT)
THU 13:30 USD USD Real Personal Spending (OCT)
THU 13:30 USD USD Personal Consumption Expenditure Deflator (MoM) (OCT)
THU 13:30 USD USD Personal Consumption Expenditure Deflator (YoY) (OCT)
THU 13:30 USD USD PCE Core (MoM) (OCT)
THU 13:30 USD USD PCE Core (YoY) (OCT)
THU 13:30 USD USD Initial Jobless Claims (NOV 24)
THU 13:30 USD USD Continuing Claims (NOV 17)
THU 15:00 USD USD Pending Home Sales (MoM) (OCT)
THU 15:00 USD USD Pending Home Sales (YoY) (OCT)
THU 15:30 USD USD EIA Working Natural Gas Implied Flow (NOV 23)
THU 15:30 USD USD EIA Natural Gas Storage Change (NOV 23)
THU 19:00 USD USD FOMC Meeting Minutes (NOV 08)
THU 19:00 USD USD Fed’s Evans Speaks on Panel on Inclusion at Boston Fed

Foreign Exchange Rates

GBP / USD 1.27568
GBP / EUR 1.12101
EUR / USD 1.13719
GBP / AUD 1.74019
GBP / CAD 1.69478
GBP / CHF 1.27083
GBP / CZK 29.0979
GBP / DKK 8.36826
GBP / HKD 9.98633
GBP / INR 89.0406
GBP / JPY 144.609
GBP / MUR 43.60
GBP / NOK 10.90509
GBP / NZD 1.85726
GBP / PLN 4.81389
GBP / SEK 11.54066
GBP / SGD 1.74392
GBP / THB 42.0292
GBP / TRY 6.57642
GBP / ZAR 17.41538

*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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