A World of International Payments

Achieving more for your money

Open an account

16/07/2018 – This Morning’s Exchange Rates

Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us.

Following last week’s Brexit White Paper, the Customs Bill heads back to the House of Commons today. Several amendments to the bill have been tabled, including four by hard-Brexiteer Jacob Rees-Mogg. Meanwhile, more pro-EU MPs have tabled an amendment aimed at keeping the UK in a customs union with the EU.

Prime Minister Theresa May will face the anger of Brexit supporters in her party today when they try to force her to change course on her strategy for leaving the European Union.

May is battling for her political survival after announcing a Brexit negotiating strategy that enraged euro sceptics in her Conservative Party, who see it as a plan to keep Britain too closely tied to Brussels.

The size of the threat should become clear today when lawmakers vote on amendments to legislation on the government’s post-Brexit customs regime, with leading euro sceptics set to vote in favour of amendments that May opposes and back their own proposals to toughen up her exit plan.

While May is not expected to be defeated on the amendments, a high number of votes in favour of altering the customs bill by members of her party would further undermine her negotiating strategy, agreed at a cabinet meeting at her Chequers country residence this month.

This afternoon, much attention will fall on Davis, who led the Brexit negotiation until he quit in protest at May’s plan, and Johnson, the former foreign minister who is seen as a challenger for her job.

Both could speak in the debate, currently due to start at 1430 GMT and end with votes at 2100, and they may have an important influence over how many colleagues are willing to speak out.

The numbers should be released at around 10pm tonight.

Data wise, today’s focus will be on US retail sales. After May’s solid gain of 0.5% m/m, we forecast a rise of 0.4%m/m in June.

GBP/EUR 1.1320

GBP/USD 1.3240

GBP/AED 4.8567

GBP/AUD 1.7820

GBP/CHF 1.3246

GBP/CAD 1.7413

GBP/NZD 1.9542

EUR/USD 1.1684

GBP/ZAR 17.443

Our Locations

Currencies 4 You operates in a number of locations, speak to your local representative for the best solutions for you.

We help our clients achieve more by providing competitive rates on their international transfers in over 140 currencies.

Service Links

Company Links

Subscribe

Join our newsletter for regular news and updates on the state of the currency market and the best time to trade

By subscribing you agree with our Privacy Policy and provide consent to recieve updates from our company.

© Currencies 4 You Limited 2024

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd Payment and for clients based in the United Kingdom and rest of the world, payment services for Currencies4you are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).For clients based in the European Economic Area, payment services for Currencies4you are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701). For clients based in the United States, payment services for Currencies4you are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York, NY 10011. Currencies Cloud Terms of Use Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508). Payment services for Currencies 4 You Ltd are provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951. Currencies 4 you’s payment and foreign currency exchange services are provided by Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs (“HMRC”) under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP. All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.