05/07/2017 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • July 5, 2017
  • No Comments

The exchange rates are at the bottom of the article. Please note they are for indication only and for a live price please contact us.

Growth across British services companies fell to a four-month low in June and companies were their least optimistic in nearly a year, according to a survey that could disappoint Bank of England officials who want to raise interest rates.

Although the survey suggested Britain’s economy recovered some momentum in the second quarter and probably expanded at a quarterly pace of around 0.4 percent, there were ominous signals for the second half of 2017.

Markit/CIPS UK Services Purchasing Managers’ Index (PMI) edged down to a four-month low of 53.4 in June from 53.8 in May, just shy of a forecast for 53.5 in a poll of economists.

Britain’s economy barely grew in the first three months of the year as consumers faced both accelerating inflation, caused in large part by the fall in the pound since the Brexit vote, and slowing wage growth.

The PMI showed business expectations sank to their weakest level since last July’s dip after the vote to leave the European Union, and it was not far off the lows last reached in late 2011. Growth in new orders hit a nine-month low.

So far, this week all the UK data has shown growth has fallen over each sector, this does not bode well for the UK industrial and Manufacturing data due on Friday.


GBP/EUR 1.1391

GBP/USD 1.2910 

GBP/AED 4.7483

GBP/AUD 1.6982 

GBP/CAD 1.6712 

GBP/CHF 1.2482

GBP/NZD 1.7764  

EUR/USD 1.1324  

GBP/ZAR 17.044

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Your email address will not be published.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