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13/04/2018 – This Morning’s Exchange Rates

Posted by currencies in Rate Alerts
April 13, 2018
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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 has continued to gain against the euro, however, this could be affected next week when we have the UK wage data and employment figures released.

We believe that wage growth including bonuses may slow slightly whereas the unemployment is expected to be up – both could have a negative impact on the pound. On top of that if the Inflation reading comes in any higher than the 2.7% we could see this devalue the pound further.

All these factors combined would mean that the UK’s progress towards eliminating the wage squeeze would be reversed and the Pound could tumble against the Euro.

This could harm the chances of a rate rise in May.

Also, next week we have the Retail Sales data which I expect to be lower as last month we had very bad weather so not many people were out buying goods.

All the above points to a disappointing week ahead for the pound. If you are in need of Euros or Dollars any time soon, call or email us for more in-depth analysis. Buying your currency at the right time matters.

GBP/EUR 1.1572
GBP/USD 1.4279
GBP/AED 5.2473
GBP/AUD 1.8312
GBP/CHF 1.3719
GBP/CAD 1.7942
GBP/NZD 1.9322
EUR/USD 1.2324
GBP/ZAR 17.126

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