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24/05/2017 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • May 24, 2017
  • No Comments

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

Sterling stayed subdued, hovering below seven month-highs against the dollar as investors awaited further developments in Britain’s suspended election campaign after a suicide bombing rocked the English city of Manchester.

Britain’s main political parties agreed to suspend campaigning ahead of the June 8 election until further notice following Monday night’s explosion in Manchester that killed 22 people at a concert

Opinion polls at the start of this week showing Prime Minister Theresa May’s lead cut in half, and a U-turn on a controversial policy promise on Tuesday had undermined markets’ faith in a convincing victory for her Conservatives on June 8.

Dealers will look to the Fed’s minutes for more signs of support for the dollar from rising interest rates in the months ahead. In a light week for data, a more detailed breakdown of UK GDP numbers for the first quarter is due on Thursday.

GBP/EUR 1.1602

GBP/USD 1.2987

GBP/AED 4.7718

GBP/AUD 1.7380

GBP/CAD 1.7538

GBP/CHF 1.266

GBP/NZD 1.8502

EUR/USD 1.1175

 

GBP/ZAR 16.802

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