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17/09/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • September 17, 2018
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Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us.

Britain’s economy would face a “significantly worse” outlook if the country leaves the European Union next year without a deal than if it reaches a Brexit agreement, the International Monetary Fund said this morning.

The IMF said it expected Britain’s economy would grow by about 1.5 percent a year in 2018 and 2019 if a broad Brexit agreement was struck.

Britain is due to leave the EU in March next year, but London and Brussels have yet to strike a deal to secure a transition period. Prime Minister Theresa May is hoping to make progress towards a deal when she meets fellow EU leaders this week.

Britain’s economy — the world’s fifth-biggest — slowed after the 2016 referendum decision to leave the EU and it continues to be outpaced by most other rich nations.

However, stronger-than-expected data last week showed the economy had its fastest growth in nearly a year, helped by the World Cup and hot summer weather.

Main UK data this week is Wednesday we have the Inflation data followed by Retail Sales Data on Thursday morning.

GBP/EUR 1.1229

GBP/USD 1.3087

GBP/AED 4.7907

GBP/AUD 1.8252

GBP/CHF 1.2625

GBP/CAD 1.7060

GBP/NZD 1.9932

EUR/USD 1.1641

GBP/ZAR 19.580

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