EURO/GBP - 1.2118
US$/GBP - 1.5494
CHF/GBP - 1.4785
CAN$/GBP - 1.5794
AUS$/GBP - 1.5136
ZAR/GBP - 12.6388
JPY/GBP - 119.55
HKD/GBP - 12.0345
NZD/GBP - 1.9860
SEK/GBP - 10.7388
AED/GBP - 5.691
US$/EURO - 1.2775
INR/GBP - 81.80

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 rose to the highest level against the euro for 16 months on worries over euro zone government borrowing and as data showed a boost in UK service sector activity. The pound hit €1.2113/£1, the highest since late 2010. The view that the UK economy will outperform the euro zone was given a boost by the news that service sector activity had beaten expectations to reach the highest level since July. Sterling however dragged against the US dollar as strong US employment figures boosted the US dollar and concerns over the euro zone boosted safe haven demand for the US currency. It is a quiet day for data today, with the focus elsewhere but volatility is still set to be high so call in now for a live exchange rate.

In the euro zone, the euro continued its downward spiral yesterday hitting multi-month lows against the US dollar and the pound. The issue this week is that investors are concerned over the ability of countries to raise funds on the bond markets. Having entered a period of bond auctions, Germany’s auction this week was pretty lacklustre and France had to sell at increased interest rates to attract investors yesterday. This saw a sell-off of euros again and with markets expecting sterling to breach €1.25/£1 by mid 2012, is there a possibility that we will see this sooner?

In the USA, the US dollar strengthened yesterday after better than expected unemployment figures added to a recent run of positive data coming out of the USA. Non manufacturing activity data slipped slightly, but today’s main attraction is the non-farm payroll figures that are expected to show a boost to the number of people employed. Call in now as this number has a propensity to cause volatility.

Elsewhere, it has been a volatile week for the commodity backed currencies, with safe haven demand for the US dollar and risk aversion impacting on volatility. Interest rates in Australia could potentially be dropping in the coming weeks, so call in now to ensure you don’t lose out

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