27/10/2017 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • October 27, 2017
  • No Comments

The exchange rates are listed at the bottom of this article. For indication only, please contact us for live quotes.

The British pound slipped against the dollar today, as investors looked cautiously ahead towards a Bank of England policy meeting next week which could see interest rates rise for the first time in over a decade.

The market is priced for a hike after BoE rate-setters next meet on Nov. 2, but continued uncertainty over the health of the British economy has raised doubts that the rise is necessarily a shoo-in.

Two U.K. credit rating reviews due to be released later by ratings agencies Fitch and Standard & Poor’s will give further clues about the British economy and insights into whether the BoE will raise rates.

The euro slipped for a second day today, on track for its biggest weekly loss of the year on the back of falling bond yields after the European Central Bank extended its bond buying well into next year.

Investors played the diverging monetary policy outlook view between the U.S. and Europe where the former is expected to raise interest rates again before the end of the year while the latter is not expected to raise interest rates in the coming years.

GBP/EUR 1.1225
GBP/USD 1.3065
GBP/AED 4.7985
GBP/AUD 1.7084
GBP/CAD 1.6824
GBP/CHF 1.3049
GBP/NZD 1.9102
EUR/USD 1.1624
GBP/ZAR 18.512

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Your email address will not be published.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’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Manager. 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 Commissioner's Office, with registration number: ZA345828. | Terms and Conditions | Privacy Statement | Careers