12/04/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • April 12, 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.

Bank of England credit conditions survey may receive some attention today. Markets will be looking for signs of an impact from last November’s interest rate hike on the demand for or availability of credit.

Tonight, BoE Governor Carney is talking in Canada, but unlikely we will get anything new regarding monetary policy from this.

In Europe, expectations for today’s Eurozone industrial production release for February have been scaled back after weaker than expected outturns for some of the largest countries in the region.

The output is now expected to rebound by a minimal 0.1% following January’s fall of 1.0%.

With other indicators also suggesting that Eurozone economic activity has slowed in early 2018, expectations for Q1 GDP growth are being revised down.

Later, the ECB will release the minutes of its last policy meeting. These are expected to confirm the central bank’s intention to gradually tighten monetary policy but are unlikely to reveal any more detail about the timetable.

The dollar held near two-week lows this morning against a basket of currencies as investors remained cautious over possible Western military action against Syria.

Hawkish minutes from the U.S. Federal Reserve in the previous session did little to lift the dollar.

GBP/EUR 1.1454
GBP/USD 1.4163
GBP/AED 5.1949
GBP/AUD 1.8268
GBP/CHF 1.3596
GBP/CAD 1.7849
GBP/NZD 1.9172
EUR/USD 1.2353
GBP/ZAR 16.993

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Your email address will not be published.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