EURO/GBP - 1.1934
US$/GBP – 1.5552
CHF/GBP – 1.4579
CAN$/GBP - 1.6119
AUS$/GBP – 1.5639
ZAR/GBP – 12.9782
JPY/GBP – 121.21
HKD/GBP – 12.0995
NZD/GBP – 2.0468
SEK/GBP – 10.7532
AED/GBP - 5.71
US$/EURO - 1.3006

To request a up-to-the minute quotation, call 0845 638 0571 or (+44 207 898 0500 from outside the UK) or fill out our quote form: http://www.smartcurrencybusiness.com/quote1.htm

Sterling continued to hover around a 10 month high against the euro on Monday as concerns over the euro zone crisis saw investors prefer sterling to the ailing single currency. Sterling closed the day near earlier highs of €1.1930/£1 but still remains vulnerable to poor economic data as the UK recovery stagnates. Potential political instability in North Korea saw sterling drop against the US dollar yesterday morning but strong demand from one bank in London saw sterling recover against the US currency. With thinning trade volumes in the run up to Christmas, there is the potential for some volatile moves so call in now if you have upcoming payments to make to avoid losing out.

In the euro zone, the threat of further downgrades kept the euro under pressure yesterday. The ‘risk off’ trading conditions in the wake of the news over Kim Jong-il’s death combined with this to see the euro drop against its major counterparts. The euro is down by over 2% against sterling in the past month as investors prefer the liquidity that sterling offers in the face of a cloudy future for the single currency heading into 2012. Belgium’s credit rating downgrade on Friday has left many feeling that other major countries in the region are set to suffer a similar fate in the coming months. Call in now for a live exchange rate.

In the USA, the US dollar strengthened overnight on safe haven demand as the news emerged of North Korean leader Kim Jong-il’s death. Political uncertainty over the future of the region saw investors buying US dollars to avoid riskier investments – especially given the country’s history of provocation with South Korea in times of domestic crisis. With the White House issuing a statement that it was monitoring the situation closely, the US dollar ended Monday up marginally against sterling after some bank demand saw sterling recover from earlier lows. Call in now for a live price.

Elsewhere, Chinese new home sales figures were lower than expected which is a concern for many. If the Chinese real estate market continues to suffer, many feel that this will impact on the country’s ability to drive the global recovery in 2012. Call in now to protect yourself from losing out to adverse market movements.

Exchange rates change every second - call Smart Currency Exchange for a live up-to-the-minute quote on: 0845 638 0571 (or +44 (0)207 898 0500 from outside the UK) or fill out our online quote form at: SmartCurrencyBusiness.com/quote1.htm