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AFEX Market Watch Wed 1st Feb 2017

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Foreign travel advice The Gambia

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).

Foreign travel advice China

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).

Guidance Living in South Korea

Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.

Guidance Living in Nigeria

Information for British citizens moving to or living in Nigeria, including guidance on residency, healthcare and passports.

Paul Beare Wins IR Global Member Of The Year

Paul Beare has been named Member of the Year at this year’s IR Global Conference in Amsterdam.

AFEX Market Watch Wed 1st Feb 2017

Back to News

GBP - Sterling The Pound had an excellent morning after Manufacturing PMI was released in line with expectations at 55.9 and on the back of a rumour that the BoE MPC vote tomorrow would see four members voting for a rate hike immediately.


  • UK PM Theresa May also announced to parliament that the UK’s Government would release its white Paper on Brexit on Thursday.
  • There was also a leaked report from the EU which concluded that the European Commission’s Brexit negotiators must strike a “workable” deal with the UK to protect the City of London or else the economies of the remaining member states will be damaged. The report said that it is “critical” for the economic health of the remaining member states that the current financial eco-system is not hit in the coming Brexit negotiations.

 

Execution Rates

GBP/USD: 1.2633

GBP/EUR: 1.1741

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