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Exchange Rates updated 25/05/2018 7:14:47 PM

United Kingdom

GBP/USD 1.3348
GBP/EUR 1.1405
GBP/AUD 1.7655
GBP/NZD 1.9298
GBP/JPY 146.1209
GBP/CAD 1.7240
GBP/SGD 1.7891
GBP/CHF 1.3241
GBP/HKD 10.4788
GBP/THB 42.6645
GBP/ZAR 16.6590
GBP/DKK 8.5019
GBP/SEK 11.7156

Rates are indicative only and indicate a midpoint between buy and sell prices

Stocks

All Ord 6144
DOW 24811
NASDAQ 7424
FTSE 7716
NZSE 8591

Commodities

Gold 1304
Oil 70

Great Britain

uk

Collinson Financial Services PLC

Phone 0800 028 5834

For 24 hour GT platform support, please call Neven Fisher on:

+64 9 918 9312

Commentary

President Trump cancelled the North Korean 'peace summit', scheduled for June 12th, citing the NOKO leaders 'tremendous anger and hostility'. He stated the US military was ready if necessary! This may be part of the negotiating process.

Meanwhile President Trump signed a banking deregulation bill into law. This repealed much of the regulation post-GFC, in the form of the 'Dodd-Frank' bill, but for only small to medium sized institutions. The deregulation has been a major driver in the US economic recovery. The Dollar drifted, with the EUR pushing back above 1.1700, while the Yen traded 109.30.

German trade contracted, with falls in both Exports and Imports, while GDP was static on 2.3%. US Home Sales were mixed, with an increase in House Prices, while Existing Home Sales contracted. The Kansas City Fed Manufacturing Activity reported solid gains.

Commodity currencies gains from the softer reserve, with the AUD trading up to 0.7570, while the NZD consolidated above 0.6900.

Headlines

21/5 NZ Migration, Japan Trade Exports/Imports, NZ Credit Card Spending, Chicago Fed National Activity Index

22/5 Richmond Fed National Activity Index

23/5 Australia Leading Index, France/German/EU Services/Manufacturing/Composite PMI, UK CPI, US Weekly Mortgage Applications, US Services/Manufacturing/Composite PMI, EU Consumer Confidence, US New Home Sales, FOMC Meeting Minutes

24/5 Japan Leading Index, German Trade Exports/Imports, German GDP, German Consumer Confidence, UK Retail Sales, US Weekly Jobless Claims, US House Price Index, Existing Home Sales

25/5 Japan CPI, OECD Economic Forecasts Report, German IFO Business Report, UK GDP, UK Trade Exports/Imports, US Durable Goods Orders, University of Michigan Sentiment

24/5

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Disclaimer

The details expressed in this website and accompanying documents or transmissions are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Collinson Forex Ltd accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site.