Blog


13/02/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • February 13, 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.

Sterling edged up against the dollar and Euro this morning, continuing a modest rebound from three-week lows hit last week, as traders eyed UK inflation data for clues on when and how fast the Bank of England will raise interest rates.

Consumer price index (CPI) numbers were in at 0930 GMT and they were expected to show inflation annual inflation eased to 2.9 percent in January, from 3 percent the previous months – However, this came in at 3% – unexpectedly higher than forecasts.

The inflation figures did not have an impact on the Sterling value, we only expected rate movements if figures were positive, no one has sold off the pound on the back of it.

Last week the BoE said it expected to raise interest rates earlier and by more than it had thought in late 2017, because of the strength of the global economy and signs that British pay growth was picking up speed.

How quickly will they raise rates now?

GBP/EUR 1.1260
GBP/USD 1.3871
GBP/AED 4.9967
GBP/AUD 1.7640
GBP/CHF 1.2964
GBP/CAD 1.7456
GBP/NZD 1.9027
EUR/USD 1.2305
GBP/ZAR 16.434

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Your email address will not be published.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 Payment and Foreign Currency Exchange Services are provided by Currency Cloud Limited, Equals Connect Limited and Ebury Partners UK Limited. Currency Cloud Limited. Registered in England 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. FCA registration number: 900199. 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). Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Mananger. 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 commissioners office with registration number: ZA345828. | Terms and Conditions | Privacy Statement | Careers