Forex Weekly Round Up 9/5/16 – 13/5/16

Monday was a quiet day for the GBP in terms of economic data with only low-ticket releases making the start of the day stagnant for the GBP. However, around 12PM David Cameron and Boris Johnson undertook a sequence of speeches and Q and A’s with regards to the Brexit causing some volatility.

Germany’s trade surplus hit an all-time high in March as its exports surged, according data published by the federal statistics office. Exports grew 1.9% while imports fell 2.3%, pushing the surplus to €23.7bn from €20bn in February.

News on Wednesday in Europe focused on the continuing talks surrounding the Greek debt situation that is taking place in Brussels. Officials are hoping to break a stalemate regarding the €86 billion bailout package with a deadline of May 23rd looming.

Here are the exchange rates taken at 11:52 today. Please note that all conversions are based on interbank rates without any spreads and should be used only as a guide. For live ‘spot’ and ‘forward’ prices please feel free to drop us a line.

GBP/USD 1.4413
GBP/EUR 1.2697
USD/EUR 0.8809