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19/04/2018 – This Morning’s Exchange Rates

Posted by currencies in Rate Alerts
April 19, 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.

UK retail sales recorded their biggest quarterly fall in a year during the three months to March. We expected as much as the weather played a big part, keeping consumers at home.

Retail sales volumes in March were 1.2 percent lower than the month before.

For the first quarter, sales volumes dropped by 0.5 percent compared with the last three months of 2017, their biggest quarterly fall since the first quarter of 2017.

This is likely to trim gross domestic product growth in the first quarter by 0.03 percentage points, the ONS said.

BoE is likely to stick to its expected rate hike in March – however, this puts future rate rises at risk.

GBP/EUR 1.1462
GBP/USD 1.4174
GBP/AED 5.1998
GBP/AUD 1.8193
GBP/CHF 1.3730
GBP/CAD 1.7890
GBP/NZD 1.9397
EUR/USD 1.2350
GBP/ZAR 16.850

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