EURO/GBP 1.1990
US$/GBP 1.5690
CHF/GBP 1.4660
CAN$/GBP 1.6001
AUS$/GBP 1.5435
ZAR/GBP 12.8002
JPY/GBP 122.50
HKD/GBP 12.2125
NZD/GBP 2.0250
SEK/GBP 10.7545
AED/GBP 5.767
US$/EURO 1.3082

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

Markets are quiet in the build-up to Christmas. Sterling had a steady day against most currencies. Slight revisions to previous growth figures were released but it is future growth that most people are worried about and the uncertainty in the euro zone has a very significant knock-on effect on us. A fall back into recession is thought to be highly likely.

The main event for the euro happened on Wednesday with the ECB’s three year funding for the banking system coming to a close. Near enough €500 billion was lent to the banks, representing an important step in maintaining liquidity as banks pulled in their “lending” to other banks.

The US continues to move in a narrow range against sterling. The US economy is clearly ahead of the curve when compared to Europe but I am sure there will be some economic headwinds that make it across the Atlantic.

We circulated our opening hours yesterday for the holiday season but it is very much business as usual. If for whatever reason you do have difficulty getting through by phone, please use the email info@smartcurrencyexchange.com if you are a private client and info@smartcurrencybusiness.com if you are a company. We will get back to you straight away.

All that is left to say is have a wonderful Christmas.

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