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10/11/2017 – This Morning’s Exchange Rates

Posted by currencies in Rate Alerts
November 10, 2017
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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 recouped some of yesterday’s losses this morning as the Manufacturing and Industrial data came in slightly stronger than expectations this morning.

Surprisingly the industrial data increased at its fastest pace over the last month also the trade balance data came in stronger.

However, there was a big downturn with the data from the construction sector.

The Figures for the services sector are due to be released on Nov. 23, services sector makes up for a large majority of the UK Economy.

There was a sharp improvement in the goods trade deficit with non-European Union countries, which narrowed to 2.982 billion pounds – the smallest since May.

Brexit negotiations continues yesterday afternoon. We expect to see more pound volatility as negotiations have not been smooth thus far.

GBP/EUR 1.1279
GBP/USD 1.3138
GBP/AED 4.7295
GBP/AUD 1.7138
GBP/CAD 1.6651
GBP/CHF 1.3054
GBP/NZD 1.8940
EUR/USD 1.1635
GBP/ZAR 18.792

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