09/11/2017 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • November 9, 2017
  • No Comments

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

The pound was up a little this morning as there are expectations that the Bank of England will eventually tighten their policies thus protecting the pound from the current conservative government.

We had seen two resignations from members of the current government in just over a week. This has dented the confidence that the conservatives can agree a strong deal with the EU as they seem to lack ability.

Priti Patel was forced to resign last night after she had held secret meetings with Israeli officials, this comes just days after Michael Fallon, the defence secretary, resigned in a sexual harassment scandal.

Talks are due to start later today so I can see Sterling volatility set in.

The way things are looking for the pound at the moment is gloomy, there is nothing to suggest the pound will strengthen.

Tomorrow we have the UK industrial, Manufacturing and Construction data being released. Expectations are that the data will come in lower than last month and even lower than the expectations, this could see the pound drop off further.

Speak to us for more information on the markets and where we think the pound is heading.

GBP/EUR 1.1270
GBP/USD 1.3085
GBP/AED 4.7075
GBP/AUD 1.7056
GBP/CAD 1.6649
GBP/CHF 1.3094
GBP/NZD 1.8811
EUR/USD 1.1592
GBP/ZAR 18.438

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Your email address will not be published.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’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Manager. 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 Commissioner's Office, with registration number: ZA345828. | Terms and Conditions | Privacy Statement | Careers