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19/06/2018 – This Morning’s Exchange Rates

The exchange rates are listed at the bottom of this article. Please note the rates are for indication only, for live quotes please contact us.

Sterling fell to a fresh 2018 low on Tuesday, as concerns about an escalation in the trade dispute between the world’s two biggest economies weighed on risk sentiment.

With all eyes focused on the Bank of England’s policy decision on Thursday, in which it is expected to unveil its monetary policy stance for the rest of the year after a run of mixed data, investors cut bets on the British currency

No economists expect the BoE to raise rates on Thursday, and some are getting cold feet about their forecasts for a rate rise in August, which would be only the central bank’s second increase since the 2008 financial crisis.

Latest Brexit headlines offered no support.

Prime Minister Theresa May’s Brexit plans were rejected by parliament’s upper chamber on Monday, setting up a confrontation with pro-EU lawmakers later this week which will test her ability to lead a minority government.

GBP/EUR 1.1388
GBP/USD 1.3178
GBP/AED 4.8328
GBP/AUD 1.7877
GBP/CHF 1.3131
GBP/CAD 1.7441
GBP/NZD 1.9074
EUR/USD 1.1548
GBP/ZAR 18.148

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