Blog


01/09/2017 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • September 1, 2017
  • No Comments

The exchange rates are listed at the bottom of this article. Please note the rates listed are for indication only. For live rates please contact us.

Britain’s factories grew a lot more strongly than expected in August as work flowed in from home and abroad, a survey showed this morning, suggesting the economy might be picking up speed after a slow first half of 2017.

The Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) jumped to 56.9 from 55.3 in July, higher than any forecasts in a poll of economists.

Manufacturing accounts for only around 10 percent of the British economy.

That could “add fuel to hawkish (Bank of England) policymakers’ calls for higher interest rates. The BoE’s rate-setters voted 6-2 against a rate hike in August with most policymakers expressing concern about the impact of last year’s Brexit vote on the economy.

Growth in exports eased off only slightly from a seven-year high in July, helped by stronger demand from key markets in Europe, the United States and elsewhere and by the fall in the value of the pound since the Brexit vote.

Later this afternoon we have the US Non Farm payroll data, which is expected to be weaker than previous so we could see Sterling gain against the dollar.

GBP/EUR 1.0841

GBP/USD 1.2905

GBP/AED 4.6483

GBP/AUD 1.6275 

GBP/CAD 1.6114 

GBP/CHF 1.2397

GBP/NZD 1.8033

EUR/USD 1.1890 

GBP/ZAR 16.624

Leave a Reply

Your email address will not be published. Required fields are marked *

four + nineteen =

What's Going On?

Currencies 4 You Limited is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House, Victory Way, Admirals Park, Crossway Dartford, DA2 6QD. Currencies 4 You's Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Ebury Partners UK Ltd is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. Reference number: 900797. Ebury Partners UK Ltd is registered with the Information Commissioners Office, with registration number: Z209673X | Terms and Conditions | Privacy Statement | Careers