Blog


27/07/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • July 27, 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.

Sterling edged lower on today and is poised to register its third consecutive weekly loss as concerns about the progress of Brexit negotiations trumped any optimism ahead of a likely interest rate hike next week.

European Union Brexit negotiator Michel Barnier rejected key elements of Britain’s new trade proposals yesterday even as he and his new British counterpart Dominic Raab voiced a shared determination to reach a deal by October.

Negative headlines on the Brexit front and a rebound in the dollar prompted the British currency to register its biggest daily loss in 1-1/2 weeks.

Market bets for a Bank of England rate hike next week have settled at a firm 81 percent. In contrast, the European Central Bank backed investor expectations for a 10 basis point hike in October 2019, its first since 2011.

However, overall market moves in foreign exchange markets were tiny as investors waited for second quarter GDP data that are expected to reaffirm a strong showing by the U.S. economy.

GBP/EUR 1.1247

GBP/USD 1.3101

GBP/AED 4.8049

GBP/AUD 1.7746

GBP/CHF 1.3044

GBP/CAD 1.7115

GBP/NZD 1.9337

EUR/USD 1.1631

GBP/ZAR 17.193

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Your email address will not be published.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