01/02/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • February 1, 2018
  • No Comments

This morning’s indication rates are listed below the article. For live quotes please contact us.

Sterling has climbed more than 5 percent since the start of the year as the U.S. currency has weakened broadly and as investors have become optimistic about Britain’s economy and the prospect of a Brexit deal that is more favourable to the UK.

Against the euro, the pound was flat reports that EU officials had told British financiers they will not agree to a deal that would allow finance companies to operate in each other’s’ markets without barriers because Britain has said it will leave the single market.

Leaked analysis showed on Tuesday that Britain’s economy would be worse off after Brexit whether it leaves the EU with a free trade deal, single market access, or with no deal at all. It was another blow to Prime Minister Theresa May.

The dollar briefly clawed back some of its recent falls today after the Federal Reserve said inflation was likely to rise this
year, but with expected monetary tightening priced in, traders are waiting to see if upcoming data will give the greenback more than a brief respite.

The dollar, which is stuck near three-year lows after its worst monthly performance since mid-2016, rose in Asian trading before giving up those gains.

The Fed left rates unchanged on Wednesday, which was widely expected. The meeting was current Fed chair Janet Yellen’s last.

The decision came after ADP payrolls processing firm reported that the U.S. private sector created 234,000 jobs in January, beating expectations for a 186,000 rise.

Market participants were now looking ahead to Friday’s nonfarm payrolls report for further indications on the strength of the economy.

GBP/EUR 1.1436
GBP/USD 1.4234
GBP/AED 5.1309
GBP/AUD 1.7762
GBP/CHF 1.3259
GBP/CAD 1.7511
GBP/NZD 1.9370
EUR/USD 1.2435
GBP/ZAR 16.857

Leave a Reply

Your email address will not be published.

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd Payment and Foreign Currency Exchange Services are provided by Currency Cloud Limited and Equals Connect Limited. For clients based in the United Kingdom payment services for Currencies 4 you are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). For clients based in the European Economic Area, payment services for Currencies 4 you are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701). Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508). Payment services for Currencies 4 You Ltd are provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951. | Terms and Conditions | Privacy Statement | Careers