14/12/2018 – This Morning’s Exchange Rates
- Posted by currencies in Rate Alerts
- December 14, 2018
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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 fell more than half a percent to this morning after Prime Minister Theresa May returned from a visit to Brussels, where she attempted to win assurances from the European Union over her Brexit withdrawal agreement.
The trip, which has been cast by opponents as a failure, has not gone down well in currency markets, with the pound falling to a day’s lows.
The euro fell as the euro zone economy showed more signs it’s beginning to sputter, while the dollar made some headway as investors turned nervous about a slowdown in China.
The euro was hurt when the European Central Bank cut forecasts for economic growth and inflation. The reduction was modest, but its underscored concerns about a euro zone slowdown and the central bank’s caution as it ends its bond-buying scheme and tries to wean the region off stimulus.
Analysts say the next catalyst for larger moves in the dollar will be the Federal Reserve’s Dec. 18-19 meeting. It is expected to raise interest rates and give guidance on the pace of any tightening next year.
GBP/EUR 1.1130
GBP/USD 1.2574
GBP/AED 4.6112
GBP/AUD 1.7564
GBP/CHF 1.2545
GBP/CAD 1.6853
GBP/NZD 1.8534
EUR/USD 1.1284
GBP/ZAR 17.974
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