18/01/2021 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 18, 2021
  • No Comments

Please see exchange rates listed at the bottom of this article. They are for indication only. For live rates please contact us.

Sterling exchange rates ended lower against the Euro and Dollar on Friday after a few days of strength against most G10 currencies.

The reason for the initial strength last week was the Bank of England indicating that the chances of negative interest rates were now lower than anticipated in 2020- which is positive for Sterling.

Looking ahead to next week, while the UK’s vaccine rollout has been helped underpin GBP despite the elevated number of virus cases, market sentiment will likely remain the key driver in the short term for the currency.

That said, domestic data will be worth watching and particularly the UK PMIs, which provides a timelier update regarding the UK economy. Although, with the services sector likely to remain in contractionary territory given the current national lockdown, eyes will be on the manufacturing sector, which will be the first look at business sentiment post-Brexit.

The Euro Inflation figures are set to be published this week. Final figures for Germany in December are released Tuesday and for the Eurozone as a whole Wednesday but as ever these will have little impact unless they are markedly different from the preliminary data published already.

More important are likely to be Tuesday’s ZEW economic sentiment index for Germany in January and Friday’s flash purchasing managers’ indexes, also for January. These PMIs are all expected to be a tad lower than in December, which would add to the general

GBP/EUR 1.1241 GBP/USD 1.3526 GBP/AED 4.9580

GBP/AUD 1.7630 GBP/CHF 1.2055 GBP/CAD 1.7291

GBP/NZD 1.9024 EUR/USD 1.2057 GBP/ZAR 20.655

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Your email address will not be published.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. 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). 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