Blog


09/01/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 9, 2018
  • No Comments

Inflation-squeezed British shoppers cut back on almost everything other than food in the last three months of 2017, leading to the biggest fall in non-grocery spending since 2009, industry figures showed on Tuesday.

British Prime Minister Theresa May’s leadership team shake-up, designed to restore her authority and address divisions over Brexit, was branded a shambles after one minister quit and media reported another had refused to move jobs.

May had hoped to reset her agenda and strengthen her hand as Britain moves to the second phase of talks over leaving the European Union by shaking up her team of cabinet ministers yesterday.

With no changes to the senior finance, Brexit, foreign and interior ministers, opponents said the reshuffle showed her weakness and inability to reassert her authority.

Despite winning an important agreement last month from the EU to move Brexit talks forward from a first phase to a discussion of future trade, May has been criticised at home for her approach to healthcare, housing, transport and Britain’s overall Brexit plans.

The Conservatives are also reported to be losing members at a time when the main opposition Labour Party, under leftist leader Jeremy Corbyn, is enjoying record levels of support, suggesting to some that it is on course to win a new election due in 2022.

GBP/EUR 1.1320
GBP/USD 1.3516
GBP/AED 4.8685
GBP/AUD 1.7286
GBP/CHF 1.3269
GBP/CAD 1.6810
GBP/NZD 1.8853
EUR/USD 1.1927
GBP/ZAR 16.725

Leave a Reply

Your email address will not be published.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

twelve + fifteen =

What's Going On?

Currencies 4 You Limited is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House, Victory Way, Admirals Park, Crossway Dartford, DA2 6QD. Currencies 4 You's Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Ebury Partners UK Ltd is 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: Z209673X | Terms and Conditions | Privacy Statement | Careers