Today's Interbank rates -
POUNDS TO US DOLLARS 1.5837
POUNDS TO EUROS 1.1455
POUNDS TO AUSTRALIAN DOLLARS 1.6157
EUROS TO US DOLLARS 1.3820
EUROS TO POUNDS 0.8729
EUROS TO AUSTRALIAN DOLLARS 1.4105
POUND HEADLINES:
- UK CPI for September comes in as expected at 0.0%. The
annual figure comes in at 3.1% as widely expected. - UK RPI for September M/M comes in at 0.4% beating
expectations of 0.1%. The Y.Y figure is 4.6% beating expectations of 4.4% - UK visible trade balance for August comes in at -8227
missing expectations of -8050 and the UK total trade balance for August
comes in at -4643 missing expectations of -4388 - Sterling fell yesterday against the dollar ahead of the
UK consumer Prices Report. Inflation figures released this morning may still
add weight on the GBP
- German CPI for September M/M comes in as expected at
-0.1%. The Y/Y figure also met expectations coming in at 1.3% - French Current Account for August comes in at -0.4bn
blowing out Julys -2.1bn - The US Holiday and a void of key data kept trading
volumes relatively thin at the start of the week aside from a couple of
second tier eurozone production figures there was hardly any movement
between sterling and euro yesterday closing at 1.1440
- USD gained overnight against most major currencies
including the euro and pound following on from hawkish comments from Feds 'Yellen' - The dollar did also receive a slight boost following
Chinas decision to raise the deposit reserve ratio for certain major banks,
which has the potential to slow demand - Focus today will be on the minutes from the Federal
Reserves September policy meeting, which are due out this evening. The
minutes will give a fresh insight into the Central Banks thinking on further
monetary easing
call me for a free quote.
Kris Charalambides
FX Brokerwww.imsfx.co.uk
Tel: 0207 183 2790
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