GBP-EUR

1.1802

 

GBP-USD

1.6085

 

GBP-AED

5.9045

 

GBP-JPY

160.45  

 

GBP-CAD

1.6555

 

GBP-CHF

1.4540

 

GBP-HUF

351.45 

 

GBP-TRY

3.1750 

 

GBP-AUD

1.675 

 

GBP-ZAR

15.85

 

GBP-NZD

1.9020

 

GBP-SGD

 

1.9980

 

 

 

 

 

 

GBP-PLN

4.9250

 

GBP-HKD

12.485

 

GBP-THB

49.95

 

GBP-INR

 

98.45

 

EUR-USD

1.3630

 

EUR-AED

5.0050

 

EUR-TRY

2.6895

 

EUR-AUD

1.4250

 

GBP-MYR

 

5.05

 

USD-JPY

97.90

 

USD-NZD

1.1825

 

 

 

 

 

 

 

(Please note these rates were taken at 09:58am today, rates do fluctuate every 2 – 3 seconds and your rate will depend on the amount you wish to exchange. Please call or e-mail with the amount you wish to purchase to get an exact exchange rate)

 

 

 

If you wish to see any other exchange rates above then please don’t hesitate to contact me. 

 

 

17th October

UK labour market data was a little better than market forecasts, with the jobless claims falling more than expected. However, the market reaction was somewhat modest as there was hope of slight decline in the unemployment rate. Today’s retails sales numbers were the focus and they came out slightly better then analysts forecasts. The market was expecting a slight rebound following declines seen in August and this was exactly what has happened.

In the US federal government workers will be back to work today and we expect to get a schedule soon for the publication of the postponed economic data, including the September labour market report. In the longer-term, the government shutdown has already hampered economic activity in Q4, due to lost output and reduced government spending; but has also likely impacted consumer and business confidence. Furthermore, the short-term deal only delays the tough Budget decisions until the new year.

This will likely see economic confidence and US growth remain subdued for a longer period. The Fed will unlikely gain a clear picture of economic activity in Q4 with upcoming data likely to be compromised by the government shutdown, and with US fiscal negotiation risks early next year, the prospect of QE ’tapering’ in December have significantly reduced. Therefore there is little reason to be positive USD in the medium term.

We have a flood of speeches from Fed members with Fisher, Evans, George and Kocherlakota featuring. We will be looking for signs that the tapering decision has now been pushed into 2014 on the back of recent weak data and continued political uncertainty ahead. Otherwise, weekly jobless claims and Philly Fed survey data will be released later this afternoon.

 

 

 

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The author(s) cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

 

 

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