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22nd September 2017- Sterling Higher Ahead of PM May Speech

Daily News

 
     

Sterling Higher Ahead of PM May Speech

The dollar was unable to make further headway on Thursday with a suspicion that there had been an over-reaction to Wednesday’s Federal Reserve statement amid uncertainties surrounding US policy direction.

There was some recovery in demand for defensive assets on Friday with fresh concerns surrounding the North Korean situation. The yen gained ground and gold recovered slightly from sharp losses.

Sterling gained ground on the day with speculation that Prime Minister May would push for a transitional arrangement in her speech on Friday which would tend to lessen fears over an abrupt exit.

UK government borrowing data was better than expected with the lowest August reading since 2007 with a solid increase in tax revenues. For the first five months of the fiscal year, there was a decline to £28.3bn from £28.5bn the previous year.

There was further speculation surrounding the UK government’s Brexit policy ahead of Prime Minister May’s speech on Friday. Reports during the New York session suggested that the UK government would offer EUR20bn during a 2-year transition period, but only if there is UK access to the single market and some form of customs union.

The hints overall bolstered expectations that May would push the government towards a ‘softer’ Brexit which also tended to underpin Sterling sentiment.

Overall, GBP/EUR rallied to 1.1383, matching the strongest close for over two months before fading slightly, while GBP/USD pushed to near 1.3600.

     
 
       
 

GBP/EUR 

– 1.1355

 
 

GBP/USD 

– 1.3585

 
 

GBP/CHF 

– 1.3153

 
 

GBP/JPY 

– 152.09

 
 

GBP/AUD 

– 1.7130

 
 

GBP/NZD 

– 1.8643

 
 

GBP/CAD 

– 1.6726

 
 

GBP/ZAR 

– 18.0241

 
 

GBP/NOK 

– 10.5892

 
 

GBP/SEK 

– 10.8199

 
 

EUR/USD 

– 1.1963

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR 

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

09:00 EUR

ECB President Mario Draghi's Speech

-

-

 
   

10:30 EUR

ECB President Mario Draghi's Speech

-

-

 
   

11:00 USD

FOMC member John C. Williams Speech

 
 
 
   

20:00 GBP

U.K. Prime Minister Theresa May Speaks

-

 
 
 
   
 
 
*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time.  CentralFX are not responsible for the rates shown.
 
 
 

21st September 2017-Sterling spiked higher following the retail sales release

 

     

Sterling spiked higher following the retail sales release

The Federal Reserve made no change in interest rates, but members were more confident that rates would be increased again before the end of 2017 and a further 3 increases were expected in 2018. A shift in Fed Funds futures pushed US yields higher.

The dollar also gained significant support following the Fed statement with EUR/USD declining to below 1.1900 as USD/JPY hit a 2-month high. Commodity currencies reversed earlier gains to post net losses on the day. Sterling was boosted by a stronger than expected retail sales report.

Equity-market reaction to the Fed statement was subdued with tightening concerns hampering Asian markets while gold declined to 3-week lows as demand for defensive assets remained low.

August UK retail sales data was significantly stronger than expected with a 1.0% increase in volumes compared with consensus expectations of a 0.3% gain. There was also an upward revision to July’s data with the year-on-year increase at 2.4% from 1.4% previously. Prices increased 3.2% over the year which was the strongest reading since 1992 with the data overall tending to increase pressure for the Bank of England to increase interest rates.

Sterling spiked higher following the retail sales release with a peak above 1.3600 against the dollar, although it was unable to hold its best levels. GBP/USD retreated sharply to below 1.3500 following the Fed statement while the Euro rallied towards 1.1365 as Sterling held a firm overall tone.

     
 
       
 

GBP/EUR 

– 1.1356

 
 

GBP/USD 

– 1.3494

 
 

GBP/CHF 

– 1.3113

 
 

GBP/JPY 

– 151.68

 
 

GBP/AUD 

– 1.6944

 
 

GBP/NZD 

– 1.8433

 
 

GBP/CAD 

– 1.6653

 
 

GBP/ZAR 

– 18.0201

 
 

GBP/NOK 

– 10.6219

 
 

GBP/SEK 

– 10.8232

 
 

EUR/USD 

– 1.1882

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR 

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

09:00 EUR

ECB Economic Bulletin

-

-

 
   

09:30 GBP

UK Public Sector Net Borrowing

-

-

 
   

13:30 USD

US Philadelphia Fed. Manufacturing Index

15.0

18.9

 
   

14:00 USD

US House Price Index (M/M)

-

0.10%

 
 
   
 
 
*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time.  CentralFX are not responsible for the rates shown.
 
 
 

20th September 2017-Sterling loses ground as continued Brexit uncertainty persists

 

     

Sterling loses ground as continued Brexit uncertainty persists

The dollar was unable to gain sustained support from ECB source reports of ECB divisions with the US currency was hampered by caution ahead of the Federal Reserve policy statement.

Demand for defensive currencies remained weak in European trading with EUR/CHF at 32-month highs, although gold and the yen strengthened from their worst levels.

Sterling continued to lose ground on Tuesday with GBP/EUR correcting to the 1.1250 area with a further correction as Brexit speculation maintained the underlying tone of uncertainty.

UK yields moved higher during US trading which provided some degree of Sterling protection, although there was still pressure for a correction of last week’s sharp gains.

Brexit speculation continued to swirl around markets with rumours that Foreign Secretary Johnson would resign subsequently denied while tensions continued to increase ahead of Friday’s speech by Prime Minister May. There were reports that May would offer a EUR20bn package to help fill the EU funding gap after an EU exit.

Overall, GBP/USD consolidated just above 1.3500 on Wednesday while GBP/EUR pulled back towards the 1.1250 level.

     
 
       
 

GBP/EUR 

– 1.1254

 
 

GBP/USD 

– 1.3519

 
 

GBP/CHF 

– 1.2990

 
 

GBP/JPY 

– 150.67

 
 

GBP/AUD 

– 1.6850

 
 

GBP/NZD 

– 1.8485

 
 

GBP/CAD 

– 1.6601

 
 

GBP/ZAR 

– 18.0007

 
 

GBP/NOK 

– 10.5341

 
 

GBP/SEK 

– 10.7328

 
 

EUR/USD 

– 1.2012

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR 

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

07:00 EUR

German PPI (Y/Y)

2.50%

2.30%

 
   

09:30 GBP

UK Retail Sales (Y/Y)

1.10%

1.30%

 
   

15:00 USD

US Existing Home Sales

5.48M

5.44M

 
   

23:45 NZD

New Zealand GDP (Y/Y)

-

2.30%

 
 
   
 
 
*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time.  CentralFX are not responsible for the rates shown.
 
 
 

19th September 2017-Sterling subjected to a correction after very strong gains seen over the second half of last week

 
     

Sterling subjected to a correction after very strong gains seen over the second half of last week

Risk appetite maintained a firm tone on Monday with gains in global equity markets and growth hopes continuing to limit demand for defensive assets. There were significant losses for the Japanese yen and gold during the day as bond yields moved higher.

The Euro was resilient with EUR/USD find support above 1.1900 as the dollar was unable to sustain an advance against European currencies and EUR/USD moved higher on Tuesday.

Sterling was subjected to a correction after very strong gains seen over the second half of last week with GBP/EUR hitting a high of 1.1393 while GBP/USD briefly dipped to below 1.3500.

In his speech on Tuesday, Bank of England Governor Carney reiterated that some withdrawal of monetary stimulus was likely to be appropriate over the coming months. In his view, spare capacity is being absorbed at a slightly faster pace than expected with inflation likely to overshoot the 2% target throughout the next 3 years. Carney, however, also commented that and increase in interest rates would be at a gradual pace and limited in extent while UK growth was likely to be weaker than the G7 average until mid-2018.

The speech overall did not add any hawkish short-term elements and the overall tone encouraged a further Sterling correction after very rapid gains last week. Carney, however, also suggested that longer-term Brexit implications could be inflationary.

Overall, Sterling retreated significantly with a dip to below 1.3500 against the dollar as the Euro fell to around 1.1275 from 2-month highs at 1.1393. GBP/USD rallied to near 1.3550 on Tuesday with little change in GBP/EUR.

     
 
       
 

GBP/EUR 

– 1.1297

 
 

GBP/USD 

– 1.3544

 
 

GBP/CHF 

– 1.3011

 
 

GBP/JPY 

– 151.43

 
 

GBP/AUD 

– 1.6976

 
 

GBP/NZD 

– 1.8584

 
 

GBP/CAD 

– 1.6664

 
 

GBP/ZAR 

– 17.9775

 
 

GBP/NOK 

– 10.5737

 
 

GBP/SEK 

– 10.7506

 
 

EUR/USD 

– 1.1986

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR 

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

10:00 EUR

German ZEW Survey (Economic Sentiment)(M/M)

12.7

10

 
   

13:30 USD

US Building Permits (M/M)

-

-3.50%

 
   

13:30 USD

US Current Account Balance

-

-116.8B

 
   

13:30 USD

US Import Price Index (M/M)

0.20%

0.10%

 
 
   
 
 
*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time.  CentralFX are not responsible for the rates shown.
 
 
 

18th September 2017-Sterling hits a 14-month high following a switch to a hawkish stance from BOE

 

     

Sterling hits a 14-month high following a switch to a hawkish stance from BOE

Sterling made further strong gains on Friday with GBP/USD at 14-month highs following a switch to more hawkish rhetoric from Bank of England Monetary Policy Committee member Vlieghe who also stated that interest rates could be increased within the next few months.

There was a measured reaction to weaker than expected US retail sales data as distortions from hurricane Harvey disrupted US releases as a whole.

US equity markets hit fresh record highs with confidence in the global growth outlook also undermining demand for defensive assets with weaker demand for the yen and gold.

In a speech on Friday, there was a significant shift in stance from Bank of England Monetary Policy Committee (MPC) member Vlieghe who stated that the appropriate rate for an interest rate increase might be within the next few months. He had been a very dovish member on the MPC and called for caution, but his view had changed given resilience in growth and evidence of a stronger pace of wages growth as well as higher than expected inflation.

Given that Vlieghe has been one of the most dovish members, his shift in tone further increased expectations of a near-term increase in interest rates and triggered a fresh Sterling surge.

The UK currency pushed to 14-month highs above 1.3600 against the dollar before encountering some profit taking and a limited correction while the Euro rose to highs above 1.1390 for the first time in just over 2 months.

Markets will continue to monitor Bank of England comments closely in the short term while political developments will also be important with Prime Minister May due to deliver a key Brexit speech on Friday.

     
 
       
 

GBP/EUR 

– 1.1371

 
 

GBP/USD 

– 1.3582

 
 

GBP/CHF 

– 1.3043

 
 

GBP/JPY 

– 150.98

 
 

GBP/AUD 

– 1.6922

 
 

GBP/NZD 

– 1.8563

 
 

GBP/CAD 

– 1.6543

 
 

GBP/ZAR 

– 17.8542

 
 

GBP/NOK 

– 10.6502

 
 

GBP/SEK 

– 10.8118

 
 

EUR/USD 

– 1.1942

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR 

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

10:00 EUR

Euro-Zone CPI (Y/Y)

1.50%

1.50%

 
   

10:00 EUR

Euro-Zone Core CPI (Y/Y)

-

1.30%

 
   

21:00 USD

US TIC Net Long-Term

-

34.4B

 
   

23:00 AUD

Australian Westpac Consumer Confidence

-

2.50%

 
 
   
 
 
*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time.  CentralFX are not responsible for the rates shown.
 
 
 

15th September 2017-Sterling moves sharply higher following hawkish statement

 

     

Sterling moves sharply higher following hawkish statement

Although the Bank of England left interest rates unchanged at 0.25%, Sterling moved sharply higher following the rate decision with a more hawkish than expected statement triggering expectations of a November rate hike. GBP/USD hit a fresh 12-month high above 1.3400.

The dollar gained initial support following the slightly stronger than expected reading for the August US CPI data, but failed to hold the gains.

Defensive assets gained some support from the latest North Korean missile launch, although USD/JPY quickly found support below 110.00.

There was no surprise in the Bank of England policy decision as interest rates were left on hold at 0.25% with a 7-2 vote as McCafferty and Saunders again voted for an immediate rate hike. The policy summary stated that most committee members were expecting an interest rate increase over the next few months and all expected that rates would need to rise more than implied by the market yield curve.

The inflation forecast was revised slightly higher with the year-on-year rate expected to be above 3.0% in October and there were also comments that slack in the economy was being eroded at a faster pace than expected.

The more hawkish than expected rhetoric increased expectations that the bank would raise rates at the November meeting and UK yields moved higher and Sterling moved sharply higher following the data.

Bank of England Governor Carney stated that chances of a rate increase had definitely increased which triggered a fresh Sterling advance. The Euro rose to 8-week highs near 1.1275 before correcting slightly while the UK currency advanced to fresh 12-month highs just above 1.3400 against the dollar.

     
 
       
 

GBP/EUR 

– 1.1273

 
 

GBP/USD 

– 1.3447

 
 

GBP/CHF 

– 1.2957

 
 

GBP/JPY 

– 148.88

 
 

GBP/AUD 

– 1.6804

 
 

GBP/NZD 

– 1.8539

 
 

GBP/CAD 

– 1.6346

 
 

GBP/ZAR 

– 17.6491

 
 

GBP/NOK 

– 10.5717

 
 

GBP/SEK 

– 10.7360

 
 

EUR/USD 

– 1.1926

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR 

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

13:30 USD

Euro-Zone Trade Balance

-

26.6B

 
   

15:00 USD

US Michigan Consumer Sentiment

-

9680.00%

 
   

13:30 USD

US Advance Retail Sales (M/M)

0.10%

0.60%

 
   

15:00 USD

US Business Inventories

-

0.50%

 
 
   
 
 
*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time.  CentralFX are not responsible for the rates shown.
 
 
 

14th September 2017-Sterling lower as expectations of a rate rise are dampened

 

     

Sterling lower as expectations of a rate rise are dampened

The dollar made further headway on Wednesday with sentiment supported by fresh optimism that US tax reform could be passed before the end of 2017. The trade-weighted dollar index advanced to 10-day highs.

Global bond yields continued to move higher with US 10-year yields recovering to near 2.20% and there was a further net decline in support for defensive assets, although there was caution ahead of Thursday’s rate decision.

Sterling was pushed lower by a weaker than expected reading for average earnings which dampened expectations that there would be a short-term increase in interest rates.

UK unemployment declined to 4.3% in the 3 months to June from 4.4% previously and this was a fresh 42-year low for the data series as employment increased to a fresh record high. There was also the second successive decline in the claimant count for August which continued to indicate a strong labour market.

The main focus, however, was on the average earnings component with the 12-month increase held to 2.1%, unchanged from the previous month. The subdued reading dampened expectations of higher inflation and also curbed speculation that the Bank of England would tighten monetary policy.

There are strong expectations that the Bank of England will leave interest rates on hold at Thursday’s policy meeting. The statement and vote split will still be important for sentiment and medium-term policy expectations with the possibility that the bank will signal a potential rate hike at the November meeting.

     
 
       
 

GBP/EUR 

– 1.1119

 
 

GBP/USD 

– 1.3202

 
 

GBP/CHF 

– 1.2736

 
 

GBP/JPY 

– 145.85

 
 

GBP/AUD 

– 1.6512

 
 

GBP/NZD 

– 1.8256

 
 

GBP/CAD 

– 1.6085

 
 

GBP/ZAR 

– 17.3590

 
 

GBP/NOK 

– 10.4189

 
 

GBP/SEK 

– 10.6134

 
 

EUR/USD 

– 1.1870

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR 

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

12:00 GBP

BOE MPC Vote Cut

0

0

 
   

12:00 GBP

BoE QE Purchase Target(M/M)

435B

435B

 
   

13:30 USD

US CPI (Y/Y)

-

1.70%

 
   

13:30 CAD

Canadian New Housing Price Index (M/M)

-

0.2

 
 
   
 
 
*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time.  CentralFX are not responsible for the rates shown.
 
 
 

13th September 2017-Strong data increased expectation that the Bank of England may raise rates

 

     

Strong data increased expectation that the Bank of England may raise rates

Sterling was the main mover during Tuesday as a higher than expected CPI inflation print of 2.9% for August triggered fresh speculation over rate hikes and pushed the UK currency to 12-month highs against the dollar.

Risk conditions held steady with further gains in equity markets, which curbed demand for defensive assets. Main losses were seen in the yen remained under pressure during the day.

There was a significant increase in US yields that undermined support for low-yield assets, although the dollar was unable to make further headway against the Euro as German yields also moved higher.

UK consumer prices rose 0.6% in August following a 0.1% decline the previous month. The year-on-year inflation rate increased to 2.9% from 2.6% previously and above consensus expectations of a 2.8% rate. The core CPI rate also increased more than expected to 2.7% from 2.4% while the RPI inflation rate strengthened to 3.9% from 3.6% previously.

There was significant upward pressure on food prices while the clothing and footwear rate increased to the strongest level on record at 4.6%.

The data increased expectation that the Bank of England would to raise interest rates and there were significant Sterling gains following the data. There were gains to above 1.3250 against the dollar while against the Euro there was rally towards the 1.1130 area

     
 
       
 

GBP/EUR 

– 1.1107

 
 

GBP/USD 

– 1.3304

 
 

GBP/CHF 

– 1.2765

 
 

GBP/JPY 

– 146.48

 
 

GBP/AUD 

– 1.6582

 
 

GBP/NZD 

– 1.8266

 
 

GBP/CAD 

– 1.6194

 
 

GBP/ZAR 

– 17.2845

 
 

GBP/NOK 

– 10.4297

 
 

GBP/SEK 

– 10.5998

 
 

EUR/USD 

– 1.1976

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR 

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

07:00 EUR

Germany CPI (Y/Y)

1.80%

1.80%

 
   

07:00 EUR

Germany Harmonised CPI (Y/Y)

1.80%

1.80%

 
   

09:30 GBP

UK Claimant Count Change(M/M)

0.6K

-4.2K

 
   

13:30 USD

US PPI (Y/Y)

2.40%

1.90%

 
 
   
 
 
*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time.  CentralFX are not responsible for the rates shown.
 
 
 

12th September 2017-Sterling held a slightly firmer tone on Monday as underlying selling pressure eased

 

     

Sterling held a slightly firmer tone on Monday as underlying selling pressure eased

The dollar continued to secure a relief rally on Monday with hopes that damage from hurricane Irma would be less severe than expected. There was also evidence of a sharp squeeze on short positions with the dollar index pushing towards 92.0.

The firmer tone in risk appetite had an important impact in underpinning global equity markets with the global index at a record high while bond yields also moved higher on the day, although there were no major economic data releases.

Demand for defensive assets faded during the day with significant losses for the yen, Swiss franc and gold while EUR/USD also faded slightly.

Sterling held a slightly firmer tone on Monday as underlying selling pressure eased. Although there were slight loses against a stronger dollar, there were advances against the Euro which declined to 3-week lows around 0.9075.

The latest UK inflation data will be studied closely on Tuesday with consensus expectations for an increase in the headline rate to 2.8% from 2.6% previously with an increase in the core rate to 2.5% from 2.4%. A stronger than expected increase would revive pressure for a Bank of England interest rate increase, especially in view of recent Sterling weakness.

There was evidence of Sterling short covering ahead of the Bank of England statement given expectations that there might be a more hawkish policy stance.

     
 
       
 

GBP/EUR 

– 1.1017

 
 

GBP/USD 

– 1.3176

 
 

GBP/CHF 

– 1.2600

 
 

GBP/JPY 

– 144.07

 
 

GBP/AUD 

– 1.6433

 
 

GBP/NZD 

– 1.8244

 
 

GBP/CAD 

– 1.5955

 
 

GBP/ZAR 

– 17.0822

 
 

GBP/NOK 

– 10.3267

 
 

GBP/SEK 

– 10.5581

 
 

EUR/USD 

– 1.2014

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR 

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

09:30 GBP

UK CPI (M/M)

0.50%

-0.10%

 
   

09:30 GBP

UK Core CPI (Y/Y)

-

2.40%

 
   

15:00 USD

US JOLTs Job Openings

-

6.163M

 
   

09:30 GBP

UK PPI Output (Y/Y)

3.10%

3.20%

 
 
   
 
 
*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time.  CentralFX are not responsible for the rates shown.
 
 
 

11th September 2017-Relief that immediate damage from hurricane Irma was slightly less severe than expected

 

     

Relief that immediate damage from hurricane Irma was slightly less severe than expected

The Euro was subjected to a correction on Friday with a suspicion that gains were over-done given that the ECB will maintain an accommodative policy while the dollar secured a weak correction from over-sold conditions.

On Monday, there was some relief that immediate damage from hurricane Irma was slightly less severe than expected and the dollar recovered some ground with USD/JPY moving back above the key 108.00 level.

Equity markets rallied in response and there was a dip in demand for defensive assets with gold also losing ground while oil prices pared sharp losses seen on Friday.

UK industrial production data was in line with consensus forecasts with a 0.2% increase for July to give a 0.4% annual increase while manufacturing output rose 0.5% on the month as car output recovered strongly. There was also a slightly narrower than expected trade deficit for the month, although no significant reassessment of the overall UK economic outlook.

The NIESR estimated GDP growth of 0.4% in the 3 months to August from 0.2% previously which had some impact in underpinning confidence in the outlook.

Sterling overall was able to make further headway with the Euro declining to 3-week lows in the 0.9120 area while the UK tested 5-week highs above 1.3200 before closing just below this level.

GBP/USD retreated on Monday as the US currency regained ground while there was little change against the Euro. Sterling held a slightly more positive tone as Visa reported the first annual increase in consumer spending since April.

     
 
       
 

GBP/EUR 

– 1.0966

 
 

GBP/USD 

– 1.3177

 
 

GBP/CHF 

– 1.2511

 
 

GBP/JPY 

– 142.79

 
 

GBP/AUD 

– 1.6358

 
 

GBP/NZD 

– 1.8160

 
 

GBP/CAD 

– 1.5994

 
 

GBP/ZAR 

– 17.0289

 
 

GBP/NOK 

– 10.2021

 
 

GBP/SEK 

– 10.4606

 
 

EUR/USD 

– 1.2014

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR 

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

13:15 CAD

Canadian Housing Starts

-

9.46K

 
   

-

-

-

-

 
   
-
-
-
-
 
   
-
-
-
-
 
 
   
 
 
*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time.  CentralFX are not responsible for the rates shown.
 
 
 

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CentralFX

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