Investment & Insurance Blog

Currently browsing Latest Posts

Foreign Exchange

  • Sterling gained ground on both the euro and US dollar on Friday.
    • GBP/EUR opened at 1.1498, trade a low of 1.1458, a high of 1.1524 and closed at 1.1519 representing a 0.16% increase on the day.
    • GBP/USD opened at 1.3035, traded a low of 1.2968, a high of 1.3079 and closed at 1.3053 representing an increase of 0.14%.
  • The BBC reported that Downing St had been warned that dozens of normally loyal Conservative MPs could rebel against the government in an attempt to prevent a no-deal Brexit.
  • Shadow foreign secretary Emily Thornberry said group of MPs that left Labour to form the Independent Group have ‘betrayed’ their seats and would be ‘crushed’ if by-elections were held.
  • German Ifo business climate came in at 98.5 vs 99.0 expected.
  • Canadian core retail sales m/m came in at -0.5% as expected and retail sales m/m came in at -0.1% vs 0.0%.
  • New Zealand retail sales q/q came in better than expected at 1.7% vs 0.5% expected and core retail sales came in at 2.0% vs 0.8%.
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8240, 1.8977 and 144.72, expected.
  • Theresa May has been accused by pro-Brexit MPs of wasting time by pushing the next parliament vote on Brexit to the 12th March.
  • It looks like a quiet day ahead in terms of economic data
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1508 -0.10
GBP/USD 1.3066 +0.09
EUR/USD 1.1354 +0.21
AUD/USD 0.7167 +0.60

Reproduced with permission of GODI

Please follow and like us:

Breakdown Cover (11)

Learn all about breakdown cover on the Best Price Financial Services blog. Get all the latest information and insights on breakdown cover.

Foreign Currency Exchange (89)

News and timely updates on relevant changes the international financial exchange market, to help you to manage both your currency exposure and the risks associated with market uncertainty.

General Insurance (2)

Home Emergency (23)

Blog posts about home emergency cover from Best Price Financial Services. Learn about home emergency cover and how it works.

Home Insurance (2)

Income Protection (17)

News and updates about income, employment and protecting you.

Investments (107)

Information and updates regarding UK Investment Plans.

Landlord Resources (8)

Helpful tips and advice about landlord cover from Best Price Financial Services. Find out about landlord home emergency cover and how it could help you.

Life Insurance (33)

Hints and tips about insurance and protecting your family.

Money Saving Tips (34)

Frugal tips to help you make the most of your money.

Motor Legal Protection (42)

All about Motor Legal Protection and how it can help you.

Press Room (57)

Latest news and views from discount broker Best Price FS

Savings (10)

All the information you'll need to find the best UK savings plans.

Structured Products (89)

News and updates about Structured Investment Products.

Tax products (7)

Ideas on how to receive enticing tax breaks, tax relief against your income tax bill, tax-free dividends and tax-free growth.

Travel Insurance (8)

Travel tips for holiday-goers, backpackers and skiers.