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18/05/2017 – This Morning’s Currency Rates

• Posted by currencies in Rate Alerts
• May 18, 2017
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Please find the exchange rates listed at the bottom of this article. The rates are for indication purposes only, contact us for a live quote.

British shoppers set aside their concerns about fast-rising inflation following last year’s Brexit vote and unexpectedly stepped up spending at the fastest rate in years, helped by fine weather, official data showed this morning.

The figures suggest that – at least temporarily – consumers’ mood has become more upbeat in the run-up to a national election called for June 8 by Prime Minister Theresa May.

Retail sales volumes jumped by 2.3 percent on the month in April – beating economists’ average forecast of a 1.0 percent rise – after a sharp 1.4 percent fall in March that ended the weakest calendar quarter since 2010.

Looking at the value of retail spending – which adds in the extra amount shoppers spend because of higher inflation – sales in the three months to April were up 6.2 percent on a year earlier, the biggest rise in 15 years.

This data has had a positive impact on Sterling sending the cable over 1.3

GBP/EUR 1.1691 

GBP/USD 1.3012  

GBP/AED 4.7814

GBP/AUD 1.7488  

GBP/CAD 1.7753  

GBP/CHF 1.2742

GBP/NZD 1.8757  

EUR/USD 1.1112  

GBP/ZAR 17.452