EURO/GBP – 1.1960
US$/GBP – 1.5470
CHF/GBP – 1.4587
CAN$/GBP - 1.5834
AUS$/GBP – 1.5325
ZAR/GBP – 12.5900
JPY/GBP – 120.15
HKD/GBP – 12.0244
NZD/GBP – 2.0102
SEK/GBP – 10.7057
AED/GBP - 5.681
US$/EURO - 1.2925
INR/GBP – 82.40

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

Still in the Christmas period when trading volumes are low and the issuance of UK economic data somewhat sparse. Sterling lost a bit of ground as activity focussed on the safe haven status of the US$.

A bit more excitement in the euro zone. The Italian government successfully issued some six month bonds at a much lower interest rate than expected. This was viewed positively. Today we have the Italian government issuing a tranche of longer dated bonds and it will be very interesting to see if they end up paying a lower than expected interest rate.

The US$ gained ground against sterling on the back of a large sale of sterling. This accentuated the US$’s safe haven status. US economic activity continues to be positive which bodes well for the US$ as we enter 2012.

Please remember we are still “open for business” as we come to the end of a very busy 2011.

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