10/08/2017 – This morning’s exchange rates

  • Posted by currencies in Rate Alerts
  • August 10, 2017
  • No Comments

This morning’s exchange rates are listed at the bottom of the article. Please note these are only for indication for live prices and quotes please call us or send an email.

British industrial output unexpectedly picked up in June after oil producers delayed normal seasonal maintenance, but falling car production and a slide in construction bode poorly for future months.

Britain’s economy showed only sluggish growth in the first half of 2017 as consumers battled with higher inflation triggered by last year’s vote to leave the European Union.

The Bank of England is expecting stronger net exports and business investment to lift growth in the second half of this year, but today’s official data offered mixed signals.

Britain’s trade deficit in goods with the rest of the world widened unexpectedly in June, as export volumes suffered their sharpest monthly fall in a year, though looking at the quarter as a whole, export volumes are up by 5.0 percent on the year.

Industrial output contracted by 0.4 percent in the three months to June, unchanged from an initial estimate by the Office for National Statistics that contributed to weak overall gross domestic product growth of 0.3 percent in the second quarter.

In June alone, industrial output jumped by 0.5 percent on the month compared with forecasts in a poll for a 0.1 percent rise.

Overall manufacturing, which includes car production but not oil, was flat on the month and in line with expectations.

Construction, which accounts for 6 percent of the economy, fell by 0.1 percent in June and dropped by 1.3 percent in the second quarter as a whole – a bigger fall than earlier thought and the sharpest drop in almost five years.

Britain’s deficit in goods trade with the rest of the world widened to 12.7 billion pounds from 11.3 billion the month before, bucking economists’ expectations for a fall to 11 billion pounds.


GBP/EUR 1.1069

GBP/USD 1.2976

GBP/AED 4.7609

GBP/AUD 1.6468 

GBP/CAD 1.6514 

GBP/CHF 1.2536

GBP/NZD 1.7854

EUR/USD 1.1713 

GBP/ZAR 17.251


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Your email address will not be published.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