Blog

10/04/2017 – This Morning’s Currency Rates

• Posted by currencies in Rate Alerts
• April 10, 2017
• No Comments

Please see this mornings rates at the bottom of this article.

The euro edged lower this morning, pressured by nervousness over the upcoming French presidential elections as investors took stock of recent polls showing a tightening race.

The campaign is being closely followed by investors, as one contestant — the far right Marine Le Pen — has threatened to pull France out of the European Union if she wins, fueling concerns of an unraveling of the bloc after Britain’s vote to leave it last year.

There’s a general unease I would say … we are seeing in the (French) opinions polls that the race appears to be tightening.

Polls have for weeks shown Le Pen and centrist Emmanuel Macron on track to top the first round of voting on April 23 and go through to the May 7 runoff.

British consumer spending increased at the slowest annual pace in more than three years in the first 3 months of 2017, in a further sign that one of the economy’s main engine is losing steam as Brexit preparations begin, a survey showed this morning.

Rates

GBP/EUR 1.1715
GBP/USD 1.2401
GBP/AED 4.5551
GBP/AUD 1.6562
GBP/CAD 1.6604
GBP/CHF 1.2502
GBP/NZD 1.7848
EUR/USD 1.0584
GBP/ZAR 17.204

Please note the rates above are for indication purposes only. Please call in for a live quote.