23/11/2017 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • November 23, 2017
  • No Comments

The exchange rates are listed at the bottom of this article. Please note that the rates are for indication only. For live quotes please contact us via phone, email or SMS.

The dollar is currently at a one-month low against other major currencies today, as the minutes of the Federal Reserve’s most recent policy meeting continued to weigh on the greenback.

Trade volumes were expected to remain thin ahead of the today’s U.S. Thanksgiving holiday.

The greenback weakened after the minutes of the Fed’s latest meeting showed that some policymakers remain concerned over persistently low inflation.
The report also showed that the Fed expects to raise interest rates in the “near term”, adding to expectations for a December rate hike.
However, the central bank added that economic data will determine the timing of future rate hikes, which could mean a slower pace than expected for 2018.

When Theresa May visits Brussels today, EU negotiators will be listening intently for signs the British prime minister is preparing to risk a domestic backlash and raise her offer to secure a Brexit deal in December. We understand she is looking to double the offer.

Brexit-bound Britain slashed its economic growth forecasts and ramped up its borrowing plans going into the 2020s, but Chancellor Philip Hammond announced several spending steps aimed at winning back voters.

Hammond was under heavy pressure to use his budget statement on Wednesday to turn around the fortunes of Prime Minister Theresa May.

Hammond looked relaxed and cracked jokes as he said he would offer help to voters by abolishing a property purchase tax for 80 percent of first-time home-buyers, keeping a freeze on fuel duty and spending more on the health service.

The markets have brushed off the cuts in growth forecast yesterday and the pound has gained across the board against the major currencies.

GBP/EUR 1.1227 GBP/USD 1.3294 GBP/AED 4.7845
GBP/AUD 1.7428 GBP/CAD 1.6859 GBP/CHF 1.3032
GBP/NZD 1.9279 EUR/USD 1.1831 GBP/ZAR 18.351

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Your email address will not be published.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