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27/03/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 27, 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 euro rose to a new five-week high this morning, mainly due to dollar weakness prompting investors to put their money into the Eurozone.

Global markets were shaken this month after U.S. President Donald Trump moved to impose tariffs on Chinese goods and Beijing threatened similar measures.

Comments from Jens Weidmann, Germany’s likely candidate to become the European Central Bank’s next president, that market expectations of a rate hike towards the middle of next year were “not completely unrealistic” has also helped boost the euro.

The UK calendar today is bereft of major economic data or releases. The Eurozone focus will be on the economic sentiment indices and Spanish consumer price inflation.

In the US, the Conference Board’s consumer confidence report and the Richmond Fed survey will attract some attention.

GBP/EUR 1.1374
GBP/USD 1.4125
GBP/AED 5.1807
GBP/AUD 1.8290
GBP/CHF 1.3371
GBP/CAD 1.8165
GBP/NZD 1.9404
EUR/USD 1.2402
GBP/ZAR 16.361

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