05/12/2017 – This Morning’s Exchange Rates

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

Good Morning All,

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

This morning we have seen the pounds biggest fall since the start of November due to very disappointing news around Brexit talks.
Sterling fell over 0.7% against the Dollar and the Euro.

Prime Minister Theresa May failed to clinch a deal on Monday to open talks on post-Brexit free trade with the European Union after a tentative deal with Dublin to keep EU rules in Northern Ireland angered her allies in Belfast.

Sterling found some support following a report that British Prime Minister Theresa May could return to Brussels before the end of the week in the hope of reaching an agreement on the Irish border.

With the clock ticking down to the March 2019 exit date, May is under pressure to conclude stage one of the talks to start negotiations on future trade ties by the end of the year.

Adding pressure to the pound was this morning’s monthly purchasing managers’ index (PMI) for the services sector which dropped to 54.7 from an expected rise of 55.8. Not only did the data not beat expectation but it also dropped lower than the previous month.

GBP/EUR 1.1309
GBP/USD 1.3415
GBP/AED 4.8278
GBP/AUD 1.7557
GBP/CHF 1.3220
GBP/CAD 1.6982
GBP/NZD 1.9471
EUR/USD 1.1849
GBP/ZAR 18.054

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Your email address will not be published.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