Fears over conflict on the Korean peninsula is overshadowing any fundamental news from the rest of the world this morning as fear dominates investment flows. World First's chief economist Jeremy Cook explains.

Latest exchange rates at time of writing
Source: World First

Indicative Rates Sell Buy
GBPEUR 1.1651 1.1679
GBPUSD 1.4282 1.4307
EURUSD 1.2242 1.2265
GBPJPY 127.91 128.30
GBPAUD 1.7590 1.7641
GBPNZD 2.1581 2.1630
GBPCAD 1.5350 1.5364
NZDUSD 0.6612 0.6635
GBPZAR 11.41 11.47
USDZAR 7.9877 8.0225
GBPPLN 4.8138 4.9084
EURJPY 109.71 109.93