03/11/2017 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • November 3, 2017
  • No Comments

The exchange rates are listed at the bottom of this article. Please note that the rates are for indication only. For live quotes please contact us via phone, email or SMS.

Sterling extended losses today, slipping to a one-month low against the dollar, as the Bank of England’s plans to take a “very gradual” approach to raising interest rates sent investors rushing to exit positions.

The central bank said it expected Thursday’s rate hike, the first in over a decade, would be followed by just two more quarter-point increases over the next three years. That led to the pound’s biggest one-day drop in almost five months.

Monthly data on Britain’s dominant services industry, was released 0930 GMT this morning. Last month’s services purchasing managers’ index (PMI) produced a better-than-expected result, showing the sector picking up to 53.6 in September, however this month came in at 55.6 beating the expectation of 53.3.

Sterling fell 0.1 percent to $1.3040 on Friday, its lowest since Oct. 6, extending losses from the previous session when the BoE decision sent the pound plummeting almost 2 U.S. cents in just three minutes.

It was trading flat against the euro on Friday, after suffering its worst one-day drop on Thursday against the single currency since a “flash crash” on Oct. 7, 2016.

GBP/EUR 1.1211
GBP/USD 1.3061
GBP/AED 4.6974
GBP/AUD 1.7028
GBP/CAD 1.6761
GBP/CHF 1.3053
GBP/NZD 1.8866
EUR/USD 1.1636
GBP/ZAR 18.344

Leave a Reply

Your email address will not be published.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

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, Equals Connect Limited and Ebury Partners UK Limited. Currency Cloud Limited. Registered in England 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. FCA registration number: 900199. 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). Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Mananger. Ebury Partners UK Limited are 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: ZA345828. | Terms and Conditions | Privacy Statement | Careers