Blog


28/06/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • June 28, 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 has fallen as the dollar rebounded, the pound is on track for its biggest daily drop in nearly two weeks, as imminent Brexit talks and doubts the Bank of England will raise interest rates at all this year darkened the outlook for the pound.

Bank of England Governor Mark Carney yesterday said that British banks were fully prepared for a disorderly Brexit but shed little light on whether the central bank would raise rates at its next policy meeting, in August.

Investors are pondering whether a rate hike is still likely this summer after an incoming BoE policymaker expressed caution over the impact of Brexit on Britain’s economy.

Sterling has been caught between contrasting signals from policymakers over whether the economy is performing well enough to justify raising rates for only the second time since the 2008-09 financial crisis.

Markets still see more than a 50 percent likelihood the BoE will raise rates by 25 basis points in August and around a 90 percent chance of an increase by the end of 2018.

Analysts say that the window for a hike could close after August as Britain works out how to exit the European Union and policymaker John Haskel replaces the hawkish Ian McCafferty on Sept. 1.

 

GBP/EUR 1.1305

GBP/USD 1.3067

GBP/AED 4.8002

GBP/AUD 1.7807

GBP/CHF 1.3040

GBP/CAD 1.7428

GBP/NZD 1.9328

EUR/USD 1.1545

GBP/ZAR 18.043

Leave a Reply

Your email address will not be published. Required fields are marked *

three × 1 =

What's Going On?

Currencies 4 You Limited is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House, Victory Way, Admirals Park, Crossway Dartford, DA2 6QD. Currencies 4 You's Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Ebury Partners UK Ltd is 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: Z209673X | Terms and Conditions | Privacy Statement | Careers