Blog


03/07/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • July 3, 2018
  • No Comments

Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us.

After yesterday’s UK June manufacturing PMI which was surprisingly on the upside (relative to market expectations), we expected a similar positive surprise in the construction report today, with a forecast of 53.0 from 52.5 in May, the figure released earlier came in at 53.1 beating the forecast of 52.5

Th rest of today’s data and events may cause only a ripple, as markets continue to focus on the bigger picture, including prospects for stock markets which have been under pressure of late, and await more important releases later in the week, including the US labour market report on Friday.

Eurozone producer price and retail sales figures are unlikely to excite markets too much, although we do see downside risks to the latter following the sharp fall in the German figures last week. We forecast a fall in Eurozone retail sales of -0.5%, compared with the consensus forecast for a marginal rise of 0.1%.

German Chancellor Merkel has managed to come to an agreement with Seehofer, the leader of the CSU party, over immigration issues. While the EUR reacted positively to this it has been only a mild move within its current range.

GBP/EUR 1.1299

GBP/USD 1.3181

GBP/AED 4.8336

GBP/AUD 1.7834

GBP/CHF 1.3084

GBP/CAD 1.7351

GBP/NZD 1.9566

EUR/USD 1.1652

GBP/ZAR 17.900

Leave a Reply

Your email address will not be published.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

twelve + 9 =

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