Blog


18/03/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 18, 2019
  • No Comments

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 government will only hold another meaningful vote on Prime Minister Theresa May’s Brexit deal tomorrow or Wednesday if it is certain that the divided House of Commons would back it at a third attempt, the foreign minister said.

She suffered a further setback when Boris Johnson, the Brexiter former foreign secretary, refused to back her agreement unless she secured changes to the Irish backstop — designed to prevent a hard border on the island of Ireland.

Another Brexit-supporting British lawmaker said a “lot of people” in parliament still remained opposed to May’s European Union withdrawal deal.

Sterling traders are bracing for further volatility as May scrambles to convince lawmakers to back her deal ahead of the parliamentary vote so that she can attend a European Summit on Thursday and offer leaders something in return for more time.

Options markets show implied sterling volatility — a gauge of expected swings in a currency — still elevated, with one-week vols near multi-month highs. Sterling vol is higher than G10 as well as many emerging currency peers.

GBP/EUR 1.1662

GBP/USD 1.3240

GBP/AED 4.8588

GBP/AUD 1.8628

GBP/CHF 1.3239

GBP/CAD 1.7650

GBP/NZD 1.9286

EUR/USD 1.1340

GBP/ZAR 19.019

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Your email address will not be published.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’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Manager. Ebury Partners UK Limited are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. (Reference Number 900797). | Terms and Conditions | Privacy Statement | Careers