This Sterling report will examine the factors that could affect exchange rates this week in order to help you stay informed if you need to make a currency transfer. The table below shows the difference you would have received when buying a number of currencies at the high compared to the low for the past week.

Currency Pair% ChangeDifference on £200,000
GBPEUR1.1%€2,464
GBPUSD1.3%$3,458
GBPCAD1.2%CAD $4,080
Today’s Growth figures the final U.K release before the festive season

Today’s Growth figures the final U.K release before the festive season

Following on from a very flat week for Sterling exchange rates we have the final revision of GDP (Gross Domestic Product) figures for the third quarter of 2017.

This data is merely a revision of previous data, so unless there are major changes to the figure of 0.4% for the quarter we may not see any huge movements.

As the day progresses you may see slight swings in the value of the Pound as we see traders and speculators round off their positions in advance of Christmas, but personally I expect to day to be a fairly non eventful day in the markets.

Brexit talks appear to have been put to sleep for 2017 now, however I would expect Brexit to continue to be a headline maker and imperative for Sterling exchange rates throughout the whole of 2018.

Next week is also fairly quiet in terms of economic data too, so unless we have any surprises that crop up, (which are fairly rare at this time of year) then I would expect the Pound to remain fairly range bound.

Merry Christmas from all of us at FCD

At this stage I would like to thank all of our clients for their continued custom throughout 2017 and also to wish anyone reading this report a Merry Christmas and a Happy New Year.

The trading floor will be open today until 13:00pm and we will then be back in on Wednesday 27th – Friday 29th from 08:30am. It is likely that we will be closing early on these days so if you are looking to trade it is sensible to get in touch with your broker here early to avoid disappointment.

If you have a currency exchange to carry out in the coming days, weeks or months and you would like to speak to a member of our experienced dealing team then feel free to contact our trading floor on 01494 725353 and we will be more than happy to help you.

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Exchange rates on this page are interbank rates and indicate where the market is trading to show the performance of a currency pair. They are not indicative of the rates which we offer. The information on this web site is provided free of charge for information purposes only. It does not constitute advice to any person on any matter. Foreign Currency Direct plc. ("FCD") makes every reasonable effort to ensure that this information is accurate and complete but assumes no responsibility for and gives no warranty with regard to the same.