Blog


04/08/2017 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • August 4, 2017
  • No Comments

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

Sterling posted its biggest daily loss in a month, as some investors consolidated positions after the Bank of England kept interest rates at record lows and lowered its growth and inflation forecasts.

Before Thursday’s central bank decision, sterling briefly rose to a 11-month high of $1.3267 per dollar, rounding off a strong 4.5 percent rise over the last six weeks.

Markets focused on the Bank of England’s lowering of its 2017 growth forecasts to 1.7 percent from 1.9 percent in May, as well as its unexpected reduction of its inflation projections. It now sees inflation at just under 2.6 percent in a year’s time after peaking around 3 percent in October.

Although most economists taking part in a poll had forecast a 6-2 vote to keep rates on hold, some had thought that chief economist Andy Haldane could join those calling for an immediate increase.

GBP/EUR 1.1053

GBP/USD 1.3139

GBP/AED 4.8309

GBP/AUD 1.6490 

GBP/CAD 1.6512 

GBP/CHF 1.2709

GBP/NZD 1.7649

EUR/USD 1.1877 

GBP/ZAR 17.428

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Your email address will not be published.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