Blog


20/08/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • August 20, 2018
  • 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.

Worries about whether Britain can agree a trade deal with the European Union over coming months to avoid a sudden and disorderly exit from the bloc continue to keep most economists cautious about any sustained Sterling strength.

With most of the month’s UK economic data out of the way, the focus will shift back to Brexit as Britain heads towards several months of negotiations and several EU leaders’ summits.

Jeremy Hunt, the British foreign minister, warned that the short-term market impact if Britain leaves the EU without a deal would be significant, though he later said Britain could “survive and prosper” after a no-deal departure.

Business leaders’ confidence in the British economy has fallen to its lowest point this year reflecting the impact of uncertainty over Britain’s exit deal, according to a survey published this morning.

With less than eight months to go until Britain is due to leave the EU, the government is yet to agree the terms of its departure with Brussels and has stepped up planning for the possibility of failing to reach a formal agreement.

The survey of 750 business leaders, carried out by the Institute for Directors (IoD) employers’ group, found that after general economic conditions, uncertainty around trade with the European Union was the biggest concern.

Asked how optimistic they were about the wider economy over the next 12 months, more said they were pessimistic than optimistic, resulting in a net confidence level of -16 percent.

GBP/EUR 1.1141

GBP/USD 1.2726

GBP/AED 4.6569

GBP/AUD 1.7409

GBP/CHF 1.2669

GBP/CAD 1.6627

GBP/NZD 1.9234

EUR/USD 1.1402

GBP/ZAR 18.330

Leave a Reply

Your email address will not be published. Required fields are marked *

4 × two =

What's Going On?

Currencies 4 You Limited is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House, Victory Way, Admirals Park, Crossway Dartford, DA2 6QD. Currencies 4 You's Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Ebury Partners UK Ltd is 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: Z209673X | Terms and Conditions | Privacy Statement | Careers