Blog


23/01/2019 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 23, 2019
  • 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 currency rose half a percent and neared $1.30 after data showed British workers’ pay grew at the fastest pace in over 10 years.

The figures encouraged traders, who believe that a disorderly no-deal Brexit can be avoided, to buy the pound.

But with little time left until Britain leaves the EU on March 29, there is no agreement in London on how it should exit the world’s biggest trading bloc. The chance of a “no-deal” exit with no provision to soften the economic shock persists.

British Prime Minister Theresa May sought to break a parliamentary deadlock over Brexit by proposing to seek further concessions from the European Union.

Britain’s opposition Labour Party is highly likely to back an amendment by lawmaker Yvette Cooper that could prevent a no-deal Brexit, the second most powerful man in the party said.

If the government fails to get a deal through by February 26th, parliament would be given a vote on asking the EU for a postponement of the Article 50 deadline to prevent Britain leaving without a deal on March 29. The proposal is for a nine-month extension, to Dec. 31.

This has been seen as positive by the markets and Sterling has continued to strengthen as a ‘no deal’ Brexit seems even more unlikely.

GBP/EUR 1.1425

GBP/USD 1.2981

GBP/AED 4.7611

GBP/AUD 1.8177

GBP/CHF 1.2952

GBP/CAD 1.7287

GBP/NZD 1.9131

EUR/USD 1.1351

GBP/ZAR 17.904

Leave a Reply

Your email address will not be published.

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 and Equals Connect 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). Payment services for Currencies 4 You Ltd are provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951. | Terms and Conditions | Privacy Statement | Careers