29/01/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 29, 2019
  • 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.

Sterling held well at multi-month highs against the euro and dollar as traders weighed up whether lawmakers would back a key parliamentary amendment that would effectively take a no-deal Brexit off the table.

The UK parliament will debate and vote later in the day on Prime Minister Theresa May’s response to the overwhelming rejection of her Brexit plan earlier this month.

The main focus is on amendments which have been put forward by other lawmakers, especially one that provides for postponing the March 29 Brexit deadline should a divorce deal with the European Union not be approved by parliament by Feb 26.

That amendment is seen as the most likely to pass if the opposition Labour Party does back it as many have indicated.

If the amendment passes, “the pound could strengthen further lifting cable towards the $1.3300-level,” analysts at MUFG told clients, adding that failure to pass it could lead to the currency slumping all the way back to $1.3050.

Senior Conservative lawmaker Graham Brady has put forward another amendment, calling for the Irish backstop arrangement envisioned by May’s Brexit divorce deal to be removed and replaced with “alternative arrangements”. This is not expected to pass.

Voting is set to begin at 1900 GMT.

There is no economic data of relevance released expected today.

GBP/EUR 1.1494

GBP/USD 1.3152

GBP/AED 4.8251

GBP/AUD 1.8361

GBP/CHF 1.3040

GBP/CAD 1.7442

GBP/NZD 1.9214

EUR/USD 1.1418

GBP/ZAR 17.805

Leave a Reply

Your email address will not be published.

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 and Equals Connect 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). Payment services for Currencies 4 You Ltd are provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951. | Terms and Conditions | Privacy Statement | Careers