03/10/2018 – This Morning’s Exchange Rates
- Posted by currencies in Rate Alerts
- October 3, 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.
The British pound held near a three-week low this morning as investors wait on the services survey data and Prime Minister Theresa May’s speech later in the day.
May will tell her Conservative Party that the impending divorce from the European Union is an opportunity that opens up a future full of promise, assuring the faithful: “We have everything we need to succeed.”
It could be a potentially big day for the sterling… it is going to be interesting to see what impact the PM’s speech has on the currency as the day goes on.
Sterling has been hit hard by concerns over a growing conflict over May’s Brexit plan with the pound falling to a Sept. 10 low of $1.2979 in the previous session.
May’s speech will be watched keenly by investors for clues on whether she can persuade senior members of the ruling Conservative Party to accept her so-called Chequers plan to leave the EU.
Manufacturing PMI data due shortly will likely show the services sector increasing to 54 compared to 54.3 in September, according to a poll.
GBP/EUR 1.1223
GBP/USD 1.2986
GBP/AED 4.7625
GBP/AUD 1.8152
GBP/CHF 1.2807
GBP/CAD 1.6668
GBP/NZD 1.9780
EUR/USD 1.1562
GBP/ZAR 18.541
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