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24th May 2018-UK data continues to disappoint

 

     

UK data continues to disappoint

The UK’s figures disappointed again yesterday with both the CPI and PPI figures coming in under expectations. It was only the Retail Price Index that came in, in line with expectation. Following Mark Carney’s comments earlier this week the markets will be looking to UK data to decipher whether or not the BOE will raise interest rates.

T
he United States Federal Open Market Committee’s May meeting minutes, published last night have hinted that they are unlikely to aggressively tighten their monetary policy even though they are exceeding their inflation target of 2%. We are yet to see this have an impact on the dollar’s recent strength. Cable has bounced back from its support at 1.3320 which is also a 6 month low and is currently trading around 1.3370.

Yesterday Italy’s new Prime Minister Giuseppe Conte was sworn in. Mr Conte’s party the Five Star movement have been given a mandate to govern along with Northern League. Although this may remove the risk of further elections within Italy both the parties are anti-EU and anti-euro. This is at odds with the public who according to recent polls would rather stay in the Union. The parties’ face the difficult task of appeasing their supports and running a functional government, therefore the political uncertainty may continue to weigh upon the Euro.

     
 
       
 

GBP/EUR 

– 1.1393

 
 

GBP/USD

– 1.3362

 
 

GBP/CHF 

– 1.3264

 
 

GBP/JPY 

– 146.49

 
 

GBP/AUD 

– 1.7672

 
 

GBP/NZD 

– 1.9319

 
 

GBPCAD

– 1.7170

 
 

GBP/ZAR 

– 16.5908

 
 

GBP/NOK 

– 10.7972

 
 

GBP/SEK 

– 11.6908

 
 

EUR/USD 

– 1.1719

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

09:00 GBP

BOE Gov Carney Speaks

-

-

 
   

09:15 USD

FOMC Member Dudley Speaks

-

-

 
   

09:30 GBP

Retail Sales m/m

0.8%

-1.2%

 
   

13:30 USD

Unemployment Claims

220k 

222k

 
 
   
 
 
*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.
 
 
 

23rd May 2018-All Eyes on Inflation

 

     

All Eyes on Inflation

With a lack of notable data releases, markets turned to central banker speakers and political figures for direction. The BOE appeared in front of the Treasury committee to discuss the latest inflation report which offered up some gains for sterling as they appeared relaxed on Brexit risks. However positive sentiment was short lived as Mark Carney took centre stage and appeared to say a lot of nothing, steering clear of any commitments on an August rate hike which currently sits at 50%.

The dollar had slowly gained by close of business on Tuesday but was somewhat stopped in its track thanks to the latest comments from President Trump on China and North Korea. Trade discussions had appeared to have turned a corner after the weekend but Trump offered a different opinion, claiming not to be pleased or satisfied and that China’s Xi to be a “world class poker player.” He also said that June’s summit with North Korea with highly not to work out.

Today focus will be on the UK’s latest inflation readings that are due out at 9.30am. Markets are expecting an annualised reading of 2.5% for the month of April, the same figure that we saw in March. More interestingly may be the core inflation number released at the same time which strips out volatile factors such as oil and therefore giving a more accurate domestic picture. This number is forecasted to fall from 2.3% to 2.2% for last month, dampening the chances of a rate hike in April. As Wednesday comes to an end the FOMC minutes will be released at 7pm, giving key signals as to the path the Federal Reserve will look to adopt on their own interest rates decisions in the second half of 2018.

     
 
       
 

GBP/EUR 

– 1.1404

 
 

GBP/USD

– 1.3369

 
 

GBP/CHF 

– 1.3246

 
 

GBP/JPY 

– 147.22

 
 

GBP/AUD 

– 1.7752

 
 

GBP/NZD 

– 1.9393

 
 

GBPCAD

– 1.7221

 
 

GBP/ZAR 

– 16.9203

 
 

GBP/NOK 

– 10.8459

 
 

GBP/SEK 

– 11.7098

 
 

EUR/USD 

– 1.1713

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

09:30 GBP

UK CPI (Y/Y)

2.5%

2.5%

 
   

09:30 GBP

UK RPI (Y/Y)

3.4%

3.3%

 
   

15:30 USD

Crude Oil Inventories

-2.5M

-

 
   

19:00 USD

FOMC Meeting Minutes

-

-

 
 
   
 
 
*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.
 
 
 

22nd May 2018-UK interest rates to rise in August?

 

     

UK interest rates to rise in August?

The Pound once again declined throughout Monday, reaching its lowest point this year against the Dollar of 1.3390. A fresh round of Brexit negotiations commence this week which could continue to weigh on the currency, considering there is still no definitive solution to the Irish border issue and the future is fraught with uncertainty.

With little macro-economic data on the docket today, focus may be cast towards the Italian Political scene, whereby they have yet to appoint a new Prime-Minister following the recent elections that resulted in a coalition between the Five Star Movement and Lega party.

Markets are eagerly awaiting developments between the US and China. US Treasury Secretary Steven Mnuchin said that the two countries have suspended the tariff threats that have caused so much volatility in global markets of late and also set up a framework for addressing future trade imbalances.

Domestically, traders and investors will be scrutinising today’s Bank of England Inflation Report Hearings, held at 10am, for clues of a potential August Interest rate hike. Tomorrow’s inflation reading will also be in the limelight for the same reason.

     
 
       
 

GBP/EUR 

– 1.1403

 
 

GBP/USD

– 1.3471

 
 

GBP/CHF 

– 1.3383

 
 

GBP/JPY 

– 149.33

 
 

GBP/AUD 

– 1.7686

 
 

GBP/NZD 

– 1.9290

 
 

GBPCAD

– 1.7147

 
 

GBP/ZAR 

– 16.8155

 
 

GBP/NOK 

– 10.8088

 
 

GBP/SEK 

– 11.6443

 
 

EUR/USD 

– 1.1818

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

09:15 GBP

MPC Member Vlieghe Speaks

-

-

 
   

09:30 GBP

Public Sector Net Borrowing

7.2bn

-0.3bn

 
   

10:00 GBP

Inflation Report Hearings

-

-

 
   

13:30 CAD

Wholesale Sales m/m

0.8%

-0.8%

 
 
   
 
 
*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 May 2018-Sterling found support from fresh gains in oil prices and UK yields edged higher

 
     

Sterling found support from fresh gains in oil prices and UK yields edged higher

Italian bond markets stabilised on Thursday which provided some Euro relief. EUR/USD rallies still made little impression as relatively tight ranges prevailed.

US bond yields edged higher with the 30-year yield close to the key 3.25% level which underpinned the dollar, although the dollar index was unable to extend gains.

Oil prices advanced to fresh 3-year highs on expectations of strong demand and supply issues before fading slightly.

Equity markets overall were little changed, although European markets made headway with the FTSE 100 index closing at a record high.

After moving higher during Thursday’s Asian session, Sterling quickly lost the gains early in the European session. The UK government denied that it would extend Customs Union membership as a backstop measure, although there were reports later that the government had decided on a fresh backstop position. Under this scenario, the UK would match EU tariffs after 2020 if there was no deal on preferred customs arrangements in order to prevent a hard border being introduced.

Sterling did find support from fresh gains in oil prices and UK yields edged higher on the day which provided an element of protection. Overall, GBP/USD consolidated just above 1.3500 while GBP/EUR rallied to the 1.1470 area.

     
 
       
 

GBP/EUR 

– 1.1438

 
 

GBP/USD

– 1.3509

 
 

GBP/CHF 

– 1.3514

 
 

GBP/JPY 

– 149.79

 
 

GBP/AUD 

– 1.7971

 
 

GBP/NZD 

– 1.9594

 
 

GBPCAD

– 1.7313

 
 

GBP/ZAR 

– 17.9647

 
 

GBP/NOK 

– 10.9650

 
 

GBP/SEK 

– 11.7978

 
 

EUR/USD 

– 1.1808

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

07:00 EUR

German PPI (Y/Y)

2.00%

1.90%

 
   

08:00 USD

FOMC Member Mester Speaks

-

-

 
   

10:00 EUR

Euro-Zone Trade Balance

-

18.9B

 
   

13:30 CAD

Canadian CPI (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.
 
 
 

17th May 2018-Sterling gained ground after reports that the UK would stay in the Customs Union beyond 2021.

 

     

Sterling gained ground after reports that the UK would stay in the Customs Union beyond 2021.

Italian bond markets fell sharply on concerns surrounding fiscal policy under a populist administration. The stresses were important in dragging EUR/USD to 5-month lows as volatility increased.

US bond yields edged to fresh 7-year highs which helped underpin the US dollar, while equity markets lost some traction on Thursday.

Oil prices recovered ground after a bullish EIA inventories report and traded close to 3-year highs as commodity currencies secured a recovery.

Sterling was underpinned by high oil prices and gained ground after reports that the UK would stay in the Customs Union beyond 2021.

The Bank of England Agents report stated that consumer spending growth had slowed markedly due in part to adverse weather conditions while the labour market had tightened further with increased recruitment difficulties and some upward pressure on labour costs. Sterling was still hampered by Brexit uncertainty amid concerns over government divisions and a lack of clarity surrounding key issues.

The UK currency was able to make headway against the vulnerable Euro with EUR/GBP dipping to lows near 0.8730 while GBP/USD recovered after re-testing 4-month lows near 1.3450.

Sterling made headway in Asian trading on Thursday with a GBP/USD move to near 1.3550 and EUR/GBP continued to lose ground with a retreat to near 0.8720. The strength in oil prices provided net support and there were also some media reports that the UK government would agree to stay within the Customs Union beyond 2021 as a backstop if there is no workable no solution to the Irish border issue.

     
 
       
 

GBP/EUR 

– 1.1468

 
 

GBP/USD

– 1.3538

 
 

GBP/CHF 

– 1.3554

 
 

GBP/JPY 

– 149.57

 
 

GBP/AUD 

– 1.7983

 
 

GBP/NZD 

– 1.9655

 
 

GBPCAD

– 1.7293

 
 

GBP/ZAR 

– 17.8765

 
 

GBP/NOK 

– 10.9432

 
 

GBP/SEK 

– 11.7692

 
 

EUR/USD 

– 1.1803

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

13:30 USD

Philadelphia Fed. Manufacturing Index

-

23.2

 
   

13:30 USD

US Initial Jobless Claims

-

211K

 
   

13:30 USD

US Continuing Jobless Claims

-

1.790M

 
   

15:45 USD

FOMC Member Kashkari 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.
 
 
 

16th May 2018-Dollar strength dominated later in the day with GBP/USD declining to fresh 4-month lows

 

     

Dollar strength dominated later in the day with GBP/USD declining to fresh 4-month lows

US Treasuries moved sharply lower on the day with the 10-year yield rising to 7-year highs around 3.08% following a solid reading for US retail sales.

Higher yields provided renewed dollar support with the currency index at fresh 4-month highs as USD/JPY broke above the 110.00 level while European currencies lost ground on subdued sentiment.

Oil prices traded close to 3-year highs despite dollar gains, but gold fell sharply to 4-month lows due to a combination of dollar gains and higher bond yields.

Equity markets lost ground, although with limited losses.

UK labour-market data was mixed with little overall market impact. The headline increase in average earnings was slightly below consensus forecasts at 2.6% from 2.8% previously, although the underlying figure was in line with expectations at 2.9%. The unemployment rate held at 4.2%, the lowest reading for 42 years while the employment increase was larger than expected.

The data reinforced evidence of a tightening labour market, but with no increase in pressure on the Bank of England to raise interest rates quickly and Sterling was unable to make significant headway.

Dollar strength dominated later in the day with GBP/USD declining to fresh 4-month lows near 1.3450. There was, however, a recover to the 1.3500 area and GBP/EUR rallied towards 1.1420 as the UK currency gained support from short covering. A firm tone in oil prices and higher UK yields also helped underpinned Sterling sentiment with GBP/USD holding steady just above 1.3500 on Wednesday.

     
 
       
 

GBP/EUR 

– 1.1417

 
 

GBP/USD

– 1.3509

 
 

GBP/CHF 

– 1.3510

 
 

GBP/JPY 

– 148.97

 
 

GBP/AUD 

– 1.8076

 
 

GBP/NZD 

– 1.9648

 
 

GBP/CAD

– 1.7379

 
 

GBP/ZAR 

– 17.0255

 
 

GBP/NOK 

– 10.9710

 
 

GBP/SEK 

– 11.7506

 
 

EUR/USD 

– 1.1829

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

10:00 EUR

Euro-Zone Core CPI (Y/Y)

-

1.00%

 
   

10:00 EUR

Euro-Zone CPI (Y/Y)

1.20%

1.20%

 
   

13:00 EUR

ECB President Mario Draghi's Speech

-

-

 
   

15:30 USD

US Crude Oil Inventories

-

-2.19M

 
 
   
 
 
*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 May 2018-Dollar gained fresh support later in the New York session as positive sentiment returned

 
     

Dollar gained fresh support later in the New York session as positive sentiment returned

After depreciating during the European session, the dollar gained fresh support later in the New York session as positive sentiment returned and US yields increased with the dollar index posted net gains. EUR/USD dipped significantly lower after failing to break the 1.2000 level.


Oil prices advanced on the day, but gains were stifled by a firm dollar and gold prices reversed initial gains to trade lower.

Equity markets were hampered by rising bond yields with profit taking also a feature in Asia.

Sterling again attempted to regain ground during Monday and there was an increase in UK yields on the day, although gains were limited amid underlying concerns surrounding the growth outlook.

Oil prices made net gains which helped underpin sentiment, but Brexit concerns returned later in the session following tough rhetoric from EU chief negotiator Barnier and Prime Minister may admitted current UK customs plans are unworkable. GBP/USD hit selling interest above 1.3600 and EUR/GBP found support on approach to the 0.8800 level.

Latest labour-market data will be released on Tuesday with the main focus on average earnings. There would need to be a significant increase in the annual rate from 2.8% the previous month to convince markets that a near-term rate hike is back on the agenda. GBP/USD retreated to 1.3550 on wider US gains with GBP/EUR stalling around 1.1370.

     
 
       
 

GBP/EUR 

– 1.1359

 
 

GBP/USD

– 1.3556

 
 

GBP/CHF 

– 1.3561

 
 

GBP/JPY 

– 148.91

 
 

GBP/AUD 

–  1.8026

 
 

GBP/NZD 

– 1.9610

 
 

GBP/CAD

– 1.7353

 
 

GBP/ZAR 

– 16.7788

 
 

GBP/NOK 

– 10.8540

 
 

GBP/SEK 

– 11.6889

 
 

EUR/USD 

– 1.1931

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

07:00 EUR

Germany GDP (Y/Y)

1.80%

2.30%

 
   

09:30 GBP

UK Claimant Count Change(M/M)

5.0K

11.6K

 
   

10:00 GBP

BoE Inflation Report (Q/Q)

-

-

 
   

10:00 EUR

Euro-Zone GDP (Y/Y)

2.50%

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.
 
 
 

14th May 2018-Wage Growth and Inflation back in the Spot Light

 

     

Wage Growth and Inflation back in the Spot Light

Retail sales in the UK fell the most since 2009 recession in March and April according to figures released already this morning by ‘Springboard’. Although most of the shortfall is widely put down to the bad weather and ‘Beast from the East’, the data shows a longer term downward trend and were in line with figures released by Visa previously. Spending was down by 2% on an annual basis.

Without vast amounts of fundamental data releases today, the markets will be looking ahead to tomorrow’s inflation and earnings reports from the UK to search for signs that the previously weak data was just a blip and that there isn’t as much slack in the economy as feared. However, forecasts are now predicting wage growth slowing to 2.6% down from last month’s 2.8% - which in turn was expected at 3% - representing a sharp downward  correction in the outlook of analysis.

Italy have agreed to formulate a Government according to reports over the weekend. The 5star party and the League party have agreed to form a partnership breaking the stalemate from the election in March. Both parties are considered anti-establishment and anti-EU but their views are not completely aligned.

     
 
       
 

GBP/EUR 

– 1.1334

 
 

GBP/USD

– 1.3569

 
 

GBP/CHF 

– 1.3558

 
 

GBP/JPY 

– 148.62

 
 

GBP/AUD 

–  1.7963

 
 

GBP/NZD 

– 1.9523

 
 

GBP/CAD

– 1.7333

 
 

GBP/ZAR 

– 16.5658

 
 

GBP/NOK 

– 10.8292

 
 

GBP/SEK 

– 11.6416

 
 

EUR/USD 

– 1.1969

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

19:45 USD

FOMC Member Mester 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.
 
 
 

11th May 2018-Sterling fell sharply after the Bank of England left interest rates on hold

 

     

Sterling fell sharply after the Bank of England left interest rates on hold

The dollar lost ground after slightly weaker than expected CPI inflation data with reduced concerns surrounding more aggressive Fed tightening as bond yields edged lower.

The Euro recovered ground despite Italian political concerns.

Sterling fell sharply after the Bank of England left interest rates on hold with markets sceptical that there would be any rate hike this year given that growth and inflation forecasts were cut.

Oil prices held close to 3-year highs despite intra-day profit taking while equity markets made a generally firm tone and gold moved higher.

UK industrial production data was close to consensus forecasts with a slight 0.1% monthly increase for March while manufacturing output declined slightly. The trade deficit was wider than consensus forecasts with the data continuing to suggest subdued growth, although Sterling made some headway on short covering into the rate decision.

The Bank of England left interest rates at 0.50% which was in line with consensus forecasts after the sharp shift in expectations over the past month. There was a 7-2 vote as McCafferty and Saunders again voted for an immediate rate hike.

There was a downgrading of inflation and growth forecasts within the latest inflation report. Although the bank expected the slowdown to be temporary, a majority on the committee wanted to wait and assess further developments, especially as they saw little risk in delaying an increase.

Sterling weakened sharply after the relatively downbeat assessment and gained little relief from bank Governor’ Carney’s press conference as he faced repeated questioning over inconsistent forward guidance. Markets also priced out the potential for a rate hike this year.

The currency did gain limited relief after Carney stated that he expected a rate hike within the next year, although the gains were primarily against a softer dollar. GBP/USD moved back above 1.3500 as EUR/GBP held just above 1.1300.

     
 
       
 

GBP/EUR 

– 1.1351

 
 

GBP/USD

– 1.3506

 
 

GBP/CHF 

– 1.3553

 
 

GBP/JPY 

– 147.66

 
 

GBP/AUD 

–  1.7920

 
 

GBP/NZD 

– 1.9395

 
 

GBP/CAD

– 1.7237

 
 

GBP/ZAR 

– 16.6565

 
 

GBP/NOK 

– 10.8175

 
 

GBP/SEK 

– 11.6949

 
 

EUR/USD 

– 1.1898

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

13:30 CAD

Canadian Employment Change (M/M)

20.0K

32.3K

 
   

13:30 CAD

BoE Governor Mark Carney Speaks 

5.80%

5.80%

 
   

14:15 EUR

ECB President Mario Draghi's Speech

-

-

 
   

15:00 USD

USD Michigan Consumer Sentiment

100.5

101.4

 
 
   
 
 
*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.
 
 
 

10th May 2018-Sterling benefited from an element of short covering ahead of the BOE decision

 

     

Sterling benefited from an element of short covering ahead of the BOE decision

Oil prices have continued to move higher during the past 24 hours with global benchmarks hitting fresh 3-year highs on concerns over the impact of additional US sanctions on Iran. Higher oil prices have had a notable impact on global markets. The dollar maintained a robust tone as US yields moved higher, although there was a retreat from fresh 4-month highs as commodity currencies rallied and Euro selling slowed.

Equity markets were boosted by strong oil prices and overall market sentiment held firm despite higher bond yields. Sterling was underpinned by the strength of oil prices during Wednesday with Brent trading at 3-year highs while the dollar was subjected to a wider correction against European and commodity currencies.

There was an element of caution ahead of Thursday’s Bank of England monetary policy decision. Although markets are not now expecting interest rates to be increased, there was a reluctance to engage in further aggressive Sterling selling, especially given uncertainty surrounding the statement and inflation report amid divisions within the Monetary Policy Committee.

In this environment, Sterling benefitted from an element of short covering, although a brief GBP/USD move above 1.3600 faded with a retreat towards 1.3550. EUR/GBP also retreated to lows below 0.8735 before finding some support.

Sterling was little changed on Thursday with little impact from a decline in the RICS house-price index to -8 from 0 zero, the weakest reading since December 2012, which reinforced negative sentiment.

     
 
       
 

GBP/EUR 

– 1.1430

 
 

GBP/USD

– 1.3576

 
 

GBP/CHF 

– 1.3626

 
 

GBP/JPY 

– 149.05

 
 

GBP/AUD 

–  1.8169

 
 

GBP/NZD 

– 1.9606

 
 

GBP/CAD

– 1.7405

 
 

GBP/ZAR 

– 17.0012

 
 

GBP/NOK 

– 10.9280

 
 

GBP/SEK 

– 11.7909

 
 

EUR/USD 

– 1.1876

 
       
  All rates are indicative of interbank rates*  
       
 
 

GBP/EUR

 
 

GBP/USD 

 
 

EUR/USD 

 
       
 
   

12:00 GBP

BoE Rate Decision(M/M)

0.50%

0.50%

 
   

12:15 GBP

BoE Governor Mark Carney Speaks 

-

2.40%

 
   

13:30 USD

US CPI (Y/Y)

2.40%

1.00%

 
   

13:30 USD

US CPI Ex Food & Energy (Y/Y)

-

2.10%

 
 
   
 
 
*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.
 
 
 

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CentralFX

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