Blog


20/03/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 20, 2018
  • No Comments

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.

The British pound dropped off slightly after data showed UK inflation slowed more than forecast in February, the first in a series of economic reports due during a week when the Bank of England is expected to signal interest rates will rise as early as May.

Britain’s agreement with the European Union on Monday for a Brexit transition deal – which had sent sterling soaring – clears the path for the BoE to raise rates as early as May. Markets factor in a roughly 70 percent chance of a rate increase despite February’s slowing inflation.

Official data published on Tuesday showed consumer prices rose an annual 2.7 percent last month, the weakest increase since last July as the impact of the 2016 Brexit vote faded from the figures.

Wage growth numbers are due tomorrow and the BoE decision on Thursday. The central bank has signaled that it wants to see wage pressures building before it hikes rates.

GBP/EUR 1.1390
GBP/USD 1.3995
GBP/AED 5.1323
GBP/AUD 1.8168
GBP/CHF 1.3362
GBP/CAD 1.8298
GBP/NZD 1.9393
EUR/USD 1.2271
GBP/ZAR 16.649

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Your email address will not be published.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 Payment and Foreign Currency Exchange Services are provided by Currency Cloud Limited, Equals Connect Limited and Ebury Partners UK 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). Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Mananger. Ebury Partners UK Limited are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. (Reference Number 900797). Ebury Partners UK Ltd is registered with the information commissioners office with registration number: ZA345828. | Terms and Conditions | Privacy Statement | Careers