Blog


06/02/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • February 6, 2018
  • No Comments

The exchange rates are listed at the bottom of this article. Please note they are for indication only. For a live quote please contact us.

Sterling is advancing moderately today, and GBP/USD is moving closer to the psychological hurdle at 1.4000 again.

Cable came under persistent downside pressure as of late following a renewed buying interest in the greenback, while results in the UK docket came in below initial estimates.

In addition, Brexit woes and uncertainty around PM May’s government continue to hover over the British Pound and keep pouring cold water over occasional bullish attempts.

This time, the debate is around the likeliness that the UK could stick (or not) to the customs union once it has left the European Union.
Nothing scheduled today in the UK calendar, whereas trade balance figures are expected for the US later today.

Britain’s shoppers carried on spending more on food in January, reflecting the rise in inflation since the Brexit vote, while they again cut back on non-essential purchases, a survey showed this morning.

The amount of money spent with retailers in January rose by 0.6 percent compared with a year earlier, matching growth in December and November, the British Retail Consortium (BRC) said.

Britain’s inflation rate was pushed up by the fall in the pound after the 2016 Brexit vote and hit a nearly six-year high of 3.1 percent in November. The Bank of England expects that to prove a peak and is hoping that wage growth will catch up soon.

GBP/EUR 1.1260
GBP/USD 1.3967
GBP/AED 5.0360
GBP/AUD 1.7750
GBP/CHF 1.3043
GBP/CAD 1.7497
GBP/NZD 1.9117
EUR/USD 1.2392
GBP/ZAR 16773

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Your email address will not be published.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