Currency Exchange Rates & Comments for UK Businesses

2012-02-01T10:22:00.000Z

EURO/GBP - 1.2032
US$/GBP – 1.5728
CHF/GBP – 1.4501
CAN$/GBP - 1.5772
AUS$/GBP – 1.4827
ZAR/GBP – 12.2891
JPY/GBP – 119.89
HKD/GBP – 12.2031
NZD/GBP – 1.9084
SEK/GBP – 10.687
AED/GBP – 5.7749
US$/EURO - 1.3061
INR/GBP - 77.85

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 had a good day yesterday with most of the news generated outside of the UK once more. Sterling started lower against the Euro before rallying throughout the afternoon finishing the day above the 1.20 level with increased fear surrounding the Euro zone. However, a record drop in consumer credit has led to many people believing that there could be another round of quantitative easing in February which could slow sterling’s upward progress. Out later today there is manufacturing data which could amplify the fragility of the UK economy. Call in now for the latest update and the latest news.

The Euro held its relative strength in the morning with the Greek Prime Minister stating that the country had made significant progress in the debt restructuring talks. The latest rumors suggest that a deal should be completed before the weekend. German unemployment data came in better than expected but overall the Euro zone’s unemployment is now at its highest level since the euro was introduced. With weak German retail sales and French consumer spending, rumours of a second bailout in Portugal, the on-going problems surrounding Greece and bad economic data in the US the Euro weakened significantly in the afternoon against sterling and the US$ as risk aversion came to dominate the market. Call in now for the latest update and the latest news.

In the US there was a raft of bad data out including U.S. consumer confidence declining in January well below the expected level reiterating the fact that although the US economy is moving forwards it is not going to be in a straight line and will be slower than anticipated. Out today we see the release of manufacturing and non–farm payrolls employment data. Call in now for the latest update and the latest news.

Elsewhere, the Canadian dollar reacted poorly to weak GDP data and a higher than expected fall in the raw materials price index. Not helpful when your economy is reliant on commodity exports. Today we have the release of manufacturing data for China and retail sales data for Switzerland. The Swiss franc is approaching the €1.20/Chf1 level which is the exchange rate at which the Swiss National Bank has stated it will defend. We wait and see. Call in now for the latest update and the latest news.

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

2012-01-31T09:51:00.001Z

EURO/GBP - 1.1944
US$/GBP – 1.5735
CHF/GBP – 1.4397
CAN$/GBP - 1.5737
AUS$/GBP – 1.4797
ZAR/GBP – 12.309
JPY/GBP – 120.04
HKD/GBP – 12.2036
NZD/GBP – 1.9122
SEK/GBP – 10.6011
AED/GBP – 5.7783
US$/EURO - 1.3167
INR/GBP - 77.92

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 had a steady day as most of the news was generated elsewhere. The main news was in Europe with the EU summit meeting in Brussels. At one stage sterling hit a one month low against the euro hitting resistance at €1.19/£1. Although risk aversion was heightened there was little significant movement either against the US$ or the commodity backed currencies. Call in now for the latest update and the latest news.

The EU Economic Summit seemed to be a success with progress being made on fiscal unity and stricter budget disciplines. The only country to join the UK on the sidelines was the Czech Republic. One significant step forward was the agreement of a €500 billion European Stability Mechanism which is to come into force in July this year. This is much earlier than expected. The major short term problem for the euro is the on-going talks about Greek debt. Still very slow progress is being made. Default day is the 20th March 2012. Hopefully it will all be resolved well before that. The market view seems to be that any short term strength in the euro will be short lived. Call in now for the latest update and the latest news.

In the US we had the release of personal income and expenditure figures for December. These highlighted the fall in real spending by the US population towards the end of the year and show that although the US economy is moving forward it still has a long way to go. Markets were also subdued as we wait for a raft of further economic data during the course of this week both in the US [non-farm payrolls employment report] and elsewhere [Chinese manufacturing figures].

Elsewhere the Japanese yen gained ground on increased risk aversion. The belief though is that the Japanese government will try and devalue the Yen in the short term to fuel an export led recovery. Call in now for a live exchange rate.

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

2012-01-30T10:57:00.000Z

EURO/GBP - 1.1921
US$/GBP – 1.5648
CHF/GBP – 1.4376
CAN$/GBP - 1.5752
AUS$/GBP – 1.4862
ZAR/GBP – 12.2742
JPY/GBP – 120.07
HKD/GBP – 12.1507
NZD/GBP – 1.9163
SEK/GBP – 10.6188
AED/GBP – 5.7512
US$/EURO - 1.3127
INR/GBP - 77.68

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 hit a 5 week high against the US dollar on Friday on speculation that agreement would be reached over the weekend in negotiations over Greek debt restructuring. However, as we start the week this has not happened yet. In addition, sterling strengthened on Friday against the euro as a member of the Bank of England's monetary policy committee made it clear that a further round of Quantitative Easing in February's meeting was not a done deal. This week sees a wide array of sector activity data in the form of construction, manufacturing and services PMI data which will give a good idea of how the economy is performing. In addition, house price figures are released – call in now for a live exchange rate.

In the euro zone, the performance of the euro last week was a major indicator of how sentiment has improved in the region. This week's EU summit meeting will bring the issue of the European debt crisis to a fore once again. Key tasks on the agenda include completion of the framework for the 'Fiscal Compact' and formal approval of the European Stability Mechanism. Markets are sceptical that these goals will be achieved. In terms of data, there is Spanish GDP data released today that is expected to show a slight drop – however the focus will remain on Greece/ the EU summit. Call in now to avoid losing out.

In the USA, the US dollar stayed under pressure last week after the US Federal Reserve's announcement that it will keep monetary policy loose for another 2 years. The performance of the equity markets will be interesting whilst the EU summit continues. Out later this week we have a wide array of unemployment figures including the 'headline' non-farm payroll figures – call in now to avoid losing out.

Elsewhere, the Japanese yen has strengthened in the past few days on the much looser monetary policy stance in the USA. The Swiss franc looks more and more vulnerable too. In addition, the South African rand fell away from a 3 month high against the US dollar as the EU summit began in Davos. Call in now for a live exchange rate.

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

2012-01-27T12:26:00.001Z

EURO/GBP - 1.1982
US$/GBP - 1.5668
CHF/GBP - 1.4454
CAN$/GBP - 1.5741
AUS$/GBP - 1.4778
ZAR/GBP - 12.2922
JPY/GBP - 120.88
HKD/GBP - 12.169
NZD/GBP - 1.9104
SEK/GBP - 10.659
AED/GBP - 5.7610
US$/EURO - 1.3092
INR/GBP - 77.62

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 fell to a four week low against the euro on Thursday as investors became optimistic over progress in Greek debt talks and concerned over UK economic weakness. UK data from the Confederation of British Industry showed there was a far worse contraction in sales than had been anticipated. Sterling strengthened against the US dollar, hitting the highest level against the US currency since December 22nd after breaking through $1.57/£1 on stronger. However, poor GDP figures on Wednesday and the further likelihood of poor UK data are set to limit sterling’s upside against the US dollar over the longer term.

In the euro zone, the euro hit a 5 week high against the US dollar on speculation over the progress of Greek debt negotiations. Rumours circulated that Greece’s private creditors had agreed to lower the amount paid to them as interest on their bond holdings in order to reach agreement on time and avoid a messy default. This is set to dominate the headlines so call in now for a live exchange rate.

In the USA, the US dollar weakened yesterday and global stock markets gained as markets reacted to optimism over a potential solution to the Greek debt situation. In addition, the announcement earlier in the week that the Federal Reserve would keep interest rates on hold for up to 2 years helped drive risk appetite and deliver the first signs of a resurgent carry-trade. Out later today is US GDP data so call in now for a live exchange rate.

Elsewhere, Gold prices were steady at their highest level in over a month on the news of the Fed’s policy stance. Low interest rates make gold more attractive and help investors hedge against inflation, as they gain from increasing commodity prices that inevitably follows cheap borrowing costs.

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

2012-01-26T08:55:00.000Z

EURO/GBP - 1.1951
US$/GBP – 1.5641
CHF/GBP – 1.4431
CAN$/GBP - 1.5691
AUS$/GBP – 1.4722
ZAR/GBP – 12.384
JPY/GBP – 121.56
HKD/GBP – 12.156
NZD/GBP – 1.9088
SEK/GBP – 10.5642
AED/GBP – 5.7532
US$/EURO - 1.3104
INR/GBP - 78.17

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 fell against the US dollar yesterday, coming under pressure after figures showed that the UK economy contracted by more than expected in the final quarter of last year. With GDP figures showing a 0.2% contraction against an expected drop of 0.1%, there were market concerns that the Bank of England would look to ease monetary policy further. Minutes from the Bank's last meeting showed that further asset purchases were “likely”, which essentially means definitely. Sterling made some gains against the euro as investors became concerned that the ECB would have to write down holdings of Greek debt. Call in now for a live exchange rate.

In the euro zone, the euro regained ground against the US dollar after the Federal Reserve pledged to maintain a 'highly accommodative' stance to monetary policy over the next 2 years. Whilst Germany released some positive economic data yesterday, there is still concern that there has been no formalised agreement on the euro zone crisis. Until this happens markets will remain very jittery.

In the USA, yesterday saw the announcement by the FOMC – or US equivalent of the Monetary Policy Committee. It pledged to keep interest rates at between 0 -0.25% until at least mid-2013. In addition, figures showed that output at US factories rose by 0.9% last month – the highest gain since December 2010 – further delivering on the recent positive run of US economic data.

Elsewhere, the Japanese yen fell off yesterday after figures showed that the country had lodged the first trade deficit since 1980. This prompted many investors to unwind holdings in the Japanese currency – traditionally a haven for global investors, backed by the long term trade surplus. Call in now for a live rate.

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

2012-01-25T09:37:00.000Z

EURO/GBP - 1.1948
US$/GBP – 1.5570
CHF/GBP – 1.4461
CAN$/GBP - 1.5752
AUS$/GBP – 1.4809
ZAR/GBP – 12.3520
JPY/GBP – 121.41
HKD/GBP – 12.0852
NZD/GBP – 1.9195
SEK/GBP – 10.5490
AED/GBP – 5.7290
US$/EURO - 1.3026
INR/GBP - 77.94

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 regained ground against the euro yesterday after hitting a 4 week low against the currency, however the pound struggled to make many gains as investors became concerned over further economic weakness in the UK. In a speech last night, Bank of England governor Mervyn King hinted at a further round of Quantitative Easing in the coming month's meeting. Today sees the minutes from last month's meeting which are expected to elaborate on this position. In addition, we have the 1st estimate GDP figures for the 4th Quarter of 2011, which are expected to show a contraction of the eUK economy in the last 3 months of the year. Call in now for a live exchange rate.

In the euro zone, the euro remained quite resilient yesterday helped by better PMI figures on economic activity. In addition, markets shook off the news that the Greek 'PSI' deal would be delayed further after Euro zone Finance Ministers rejected the current proposal after insisting that interest payments on the re-negotiated bonds should now be below 4%. The deadline for a new agreement has now been pushed back to February 13th. There is little in the calendar from Europe today, but events are likely to be driven by activity in the UK/ USA so ensure you don't lose out and call in today.

In the USA, risk appetite has jumped overnight in Asian markets on the news late last night that iPhone maker Apple had reported a 73% rise in quarterly revenue, which saw shares in the company surge by 9% in after hours trading on the NASDAQ. Later on this evening, the focus shifts to the Federal Reserve and the FOMC interest rate meeting. This will be the first time that individual interest rate forecasts will be published. Call in now for a live price.

Elsewhere, the Royal Bank of New Zealand is likely to keep interest rates on hold at today's meeting. With Europe causing issues and inflation declining sharply, many expect the RBNZ to keep rates on hold. Call in now for a live rate.

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

2012-01-18T10:36:00.001Z

EURO/GBP - 1.2032
US$/GBP – 1.5356
CHF/GBP – 1.4551
CAN$/GBP - 1.5591
AUS$/GBP – 1.4791
ZAR/GBP – 12.3096
JPY/GBP – 117.72
HKD/GBP – 11.9142
NZD/GBP – 1.9130
SEK/GBP – 10.6031
AED/GBP – 5.637
US$/EURO - 1.2764
INR/GBP - 77.76

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 slipped against the euro yesterday as falling inflation reinforced expectations that the Bank of England would ease monetary policy further in the coming months. UK inflation fell sharply in December with the CPI index dropping from 4.8% to 4.2% backing up the Bank of England's view that inflation may have peaked. Many now expect this to have given a green light to the Bank to open the taps on further Quantitative Easing as early as next month. Many investors are becoming more and more concerned over poor data from the UK despite poor figures largely being ignored in recent weeks as markets look for alternatives to the euro. Out later today we have unemployment claims and average earnings so call in now for a live exchange rate.

In the euro zone, the euro strengthened overnight after strong Chinese data improved risk appetite in the Asian trading session. However, with key talks resuming between Greece and its creditors later today after they broke down earlier in the week, markets are tense. Only a voluntary agreement will suffice or we could be heading towards an imminent Greek default which will cause mayhem. Call in now for a live exchange rate.

In the USA, the US dollar weakened off after risk appetite was given a boost by a record jump in German economic sentiment yesterday. In addition, data released yesterday in the USA showed that manufacturing activity increased by more than expected. With the focus on the Greek renegotiations, expect the US dollar to see some strength today as investors look towards the currency as a safe haven. Call in now for a live exchange rate.

Elsewhere, yesterday saw Chinese GDP growth come in at 8.9% - beating expectations of a 8.7% rise. The Australian dollar strengthened as a result given the strong correlation between the currency and growth in China. Call in now for a live price 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

2012-01-17T10:00:00.002Z

EURO/GBP - 1.2040
US$/GBP – 1.5374
CHF/GBP – 1.4576
CAN$/GBP - 1.5564
AUS$/GBP – 1.4751
ZAR/GBP – 12.3048
JPY/GBP – 117.74
HKD/GBP – 11.9368
NZD/GBP – 1.9206
SEK/GBP – 10.6334
AED/GBP – 5.645
US$/EURO - 1.2759
INR/GBP - 78.36

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 fell against the US dollar yesterday, trading within reach of an 18 month low against the US currency as investor concern over euro zone credit rating downgrades impacted on risk appetite and saw safe haven demand for US dollars. Sterling stayed well supported against the euro as issues with European downgrades and concern over a potential Greek default saw investors avoid the single currency. It was a quiet day for data in the UK, with the main focus centring on the fall out from Friday night's rating downgrades. Out today we have inflation figures that are expected to show prices beginning to fall off. Call in now for a live exchange rate.

In the euro zone, the euro floundered near a 17 month low against the US dollar yesterday and an 11 year low against the Japanese yen as Friday's mass downgrades of ratings across 9 countries threatened the lending ability of the European bailout fund. Talks to renegotiate repayments between Greece and its creditors broke down, leaving a higher and higher risk of a 'disorderly' default by the country as opposed to the carefully managed one that had been envisaged. Call in now for a live exchange rate.

In the USA, the markets were closed yesterday for a bank holiday and sterling hovered near an 18 month low against the US currency. It will be tough for the US dollar to strengthen beyond $1.52/£1 as it is a key 'technical' level for many traders. Out later today there is manufacturing figures and a wide array of corporate earnings released on Wall St. Call in now to avoid losing out.

Elsewhere, the resignation of Swiss National Bank chair Phillipp Hildebrand in the wake of several dubious foreign exchange transactions by his wife has had little or no impact on the swiss franc. After several large transactions ahead of the SNB's announcement of a target exchange rate that saw a 10% move, the chairman had been forced to resign after accusations of insider trading.

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

2012-01-16T10:16:00.001Z

EURO/GBP - 1.2064
US$/GBP – 1.5294
CHF/GBP – 1.4592
CAN$/GBP - 1.5604
AUS$/GBP – 1.4831
ZAR/GBP – 12.4454
JPY/GBP – 117.52
HKD/GBP – 11.8891
NZD/GBP – 1.9268
SEK/GBP – 10.7076
AED/GBP – 5.621
US$/EURO - 1.2675
INR/GBP - 78.85

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 fell against the US dollar on Friday as risk appetite dropped on rumours over an imminent mass credit rating downgrade of euro zone countries. Following the Bank of England's meeting last week analysts now widely expect a fresh round of Quantitative Easing at next month's meeting. The pound has now taken on a relative safe haven status against the euro, strengthening when markets feel concerned over the situation in the region. So far today we have seen the news that once economic forecaster believes that the UK is already in a second recession, blaming the crisis in Europe for damaging exports and high inflation for impacting consumer spending. Out this week we have inflation and unemployment figures so call in now for a live exchange rate.

In the euro zone, the euro continued to fall overnight hitting an 11 year low against the Japanese yen after rating agency S&P cut France's top AAA rating and downgraded a further 8 euro zone countries. Continuing a 6 week drop against the US dollar, investors are concerned that the downgrades will impact on a fresh round of bond auctions that starts today with a French bond issue. The overall euro zone credit rating (adjusted for GDP) is now closer to AA- and goes to show how much further the crisis has left to run. Call in now for a live exchange rate.

In the USA, the US markets are shut for Martin Luther King day today, which could exacerbate volatility as liquidity is reduced. Bear in mind that with public holidays in the USA, US dollar transactions will take an extra day. Overall though, the US dollar is on an upward trend as investors look to the safety of the US currency in the face of market turmoil in the euro zone. Call in now for a live exchange rate.

Elsewhere, there is a wide array of Chinese data released in the coming week. There is monthly industrial and retail sales updates and many expect the Chinese economy to show signs of slowing. However, most expect any slowdown to be gradual and should be offset by a US recovery.

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

2012-01-13T10:13:00.001Z

EURO/GBP - 1.1938
US$/GBP - 1.5382
CHF/GBP - 1.4479
CAN$/GBP - 1.5639
AUS$/GBP - 1.4844
ZAR/GBP - 12.3756
JPY/GBP - 117.88
HKD/GBP - 11.9349
NZD/GBP- 1.9362
SEK/GBP- 10.6232
AED/GBP - 5.644
US$/EURO - 1.2846
INR/GBP - 78.98

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 fell to the lowest level against the euro in 7 weeks after speculation that the Bank of England will expand its Quantitative Easing programme as early as next month. The pound dropped as low as €1.1936/£1 in overnight trading after a better than expected Spanish debt auction and cautiously optimistic comments from European Central Bank President Mario Draghi. Yesterday also saw a wide array of UK retailers delivering their Christmas trading results – it was very much a mixed bag and put investors on the back foot, increasing concerns over the possibility of a double dip recession. Call in now for a live exchange rate.

In the euro zone, the euro strengthened to a 7 week high against the majority of its counterparts as ECB President Mario Draghi said that the supply of cheap money released by the central bank last month was helping to stabilise the banking system and in turn the euro zone economy. As a result, the euro made a recovery throughout the day and is back below €1.20 against sterling. However, many feel that the lack of a credible solution to the euro zone crisis is set to keep the euro under pressure over the coming months. Ensure you don't lose out by speaking to one of the team sooner rather than later.

In the USA, the US dollar came under pressure yesterday as a result of the euro recovery following the success of the Spanish bond auction that gave risk appetite a boost. However, with poor industrial figures in the UK, sterling failed to capitalise on this boost to risk and many market analysts expect sterling to continue to fall off against the US dollar in the coming weeks and months.

Elsewhere, China's foreign exchange reserves fell for the first time in a decade as foreign investment in the country fell and investors liquidated investments in emerging markets. China's foreign exchange reserve is the world's largest and has grown steadily – is it the first signs of a period of global rebalancing? We shall have to wait and see. Call in now for a live exchange rate.

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

2012-01-13T10:13:00.000Z

2012-01-12T09:04:00.000Z

EURO/GBP - 1.2031
US$/GBP – 1.5306
CHF/GBP – 1.4588
CAN$/GBP - 1.5584
AUS$/GBP – 1.4859
ZAR/GBP – 12.3846
JPY/GBP – 117.64
HKD/GBP – 11.8809
NZD/GBP – 1.9249
SEK/GBP – 10.6192
AED/GBP – 5.617
US$/EURO - 1.2701
INR/GBP - 79.12

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 hit a 3 month low against the US dollar following the euro downwards as concerns grew over the euro zone crisis. Sterling dropped by 1% to a low of $1.5308/£1 – the lowest since early October – after risk appetite suffered off the back of comments by credit rating agency Fitch. The agency spooked markets with comments suggesting that the European Central Bank should do more to tackle the euro zone debt crisis. Despite falls against the US dollar, sterling held on to a 16 month high against the euro. Out later today we have the Bank of England's monthly meeting which could cause some volatility. Call in now for a live exchange rate.

In the euro zone, the euro dropped to a 16 month low against the US dollar on the comments by an official from rating agency Fitch. Investors are feeling very wary ahead of today's ECB meeting and Spanish and Italian bond auctions later in the week. Comments from Fitch made clear that the ECB should be buying Italian bonds to avoid a “cataclysmic” collapse of the euro. Call in now to ensure you don't lose out to market volatility.

In the USA, the US currency strengthened against most of its counterparts as investors looked to the safety of US government bonds in the face of a worsening situation in the euro zone. The US dollar is set for further strength so call in now for a live rate.

Elsewhere, the Canadian dollar fell for the first time in 3 days as safe haven demand for the US currency drove demand for the US dollar and pushed riskier investments lower. Speculation over the euro zone crisis and a potential French rating cut saw demand for riskier investments. Get in touch for a live exchange rate.

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

2012-01-11T09:30:00.001Z

EURO/GBP - 1.2115
US$/GBP – 1.5481
CHF/GBP – 1.4701
CAN$/GBP - 1.5708
AUS$/GBP – 1.5012
ZAR/GBP – 12.5259
JPY/GBP – 118.91
HKD/GBP – 12.0115
NZD/GBP – 1.9454
SEK/GBP – 10.6829
AED/GBP – 5.678
US$/EURO - 1.2752
INR/GBP - 79.86

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 hovered near a 16 month high against the euro on Tuesday as investor concern that the euro zone crisis will deepen saw sentiment fall towards the single currency. Sterling held on to gains against the US dollar despite a risk of sterling falling against the currency on safe haven demand from the US dollar in coming months. Out today there is trade balance data for the UK which could make interesting reading – call in now for a live exchange rate.

In the euro zone, sentiment towards the euro continued its downward spiral after Nicolas Sarkozy and Angela Merkel failed to reach a solution to the euro zone crisis on Monday and concerns grew that Greece is close to default. The more time taken by European officials over the debt crisis, the more that the euro is set to weaken against its counterparts. Out later today there is the final GDP figures for the 4th quarter of 2011 and tomorrow sees the ECB's interest rate meeting, so call in now to ensure that you don't lose out.

In the USA, the US dollar weakened marginally in US trading as market sentiment improved on the back of strong expectations for US corporate earnings and strong data being released from the USA. Data released on Monday showed that consumer credit for November expanded at an annual rate of 10% - the highest for 10 years. This increased lending is an indicator of an easing of lending restrictions by banks and a positive sign for the economy.

Elsewhere, data from China indicated that the country's trade surplus had increased by more than expected. Figures showed that the country exported $16.5bn more than it imported last month – a 13% increase on November's equivalent figures.

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

2012-01-10T08:47:00.000Z

EURO/GBP - 1.2101
US$/GBP – 1.5478
CHF/GBP – 1.4675
CAN$/GBP - 1.5773
AUS$/GBP – 1.5017
ZAR/GBP – 12.5861
JPY/GBP – 118.74
HKD/GBP – 12.005
NZD/GBP – 1.9508
SEK/GBP – 10.6642
AED/GBP – 5.677
US$/EURO - 1.2768
INR/GBP - 80.81

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 again traded close to a 16 month high against the euro yesterday with investors concerned over the single currency following further negative news from the euro zone. A german magazine reported that the IMF was losing confidence with Greece's ability to deal with its astronomic levels of debt. Sterling has been a major benefactor of 'safe haven' flows in recent weeks, with investors looking to the relative safety of the pound over the worsening euro. The main event for UK data is the Bank of England's interest rate decision on Thursday, where the Bank is not expected to make any changes to current monetary policy. Call in now for a live exchange rate.

In the euro zone, tension over Greece mounted yet again as the country approaches another debt repayment horizon. With the IMF losing confidence in Greece and Germany and France warning that Greece would get no further bailout funds until it agrees on a bond swap, markets became more and more concerned. Sterling has now stabilised above €1.20/£1 against the euro for the first time since September 2010. Out later today there is French industrial production data so call in now for a live price.

In the USA, investors are starting to trade a new pattern that has emerged. Until recently, strong US data would see investors sell dollars and buy euros and other riskier currencies. However, this correlation has stopped as the euro fell against the euro on Friday's better than expected non-farm payroll figures. Research in the US showed that the Fed is less and less likely to increase Quantitative Easing as the economy continues to recover. Call in now for a live price.

Elsewhere, the Canadian dollar slipped yesterday after data showed that unemployment had risen to 7.5% in December, which contrasts with the USA's relatively strong showing last week. However, this should be a good thing for the Canadian dollar as a stronger US economy would mean higher demand for Canadian goods and services.

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

2012-01-06T10:28:00.000Z

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

2012-01-05T10:05:00.000Z

EURO/GBP - 1.2054
US$/GBP – 1.5588
CHF/GBP – 1.4721
CAN$/GBP - 1.5828
AUS$/GBP – 1.5156
ZAR/GBP – 12.8080
JPY/GBP – 119.79
HKD/GBP – 12.1108
NZD/GBP – 1.9890
SEK/GBP – 10.6742
AED/GBP – 5.728
US$/EURO - 1.2907
INR/GBP - 82.18

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 climbed to a 15 month high against the euro yesterday after investors sought to diversify further away from the ailing euro and looked for safety in alternative currencies. With the UK economy – despite its weaknesses – looking relatively stronger than the euro zone, investors have been moving funds into UK based holdings. With the UK economy set for a tough period as the government maintains austerity measures in order to keep the AAA rating, sterling could drop off later in the year. Call in now to ensure you take advantage of better euro rates.

In the euro zone, Germany managed to find adequate demand at an auction for 10-year government bonds yesterday but left the markets underwhelmed and concerned over the ability of sovereigns within the region to raise funding on the bond markets. The lacklustre bond issue sets up a tense few days as France looks to sell bonds on Friday and Italy and Spain do so next week. Poor demand on Thursday could be seen as a case for France losing its AAA rating, which would further dent the single currency. Call in now for a live exchange rate.

In the USA, the US dollar strengthened yesterday as risk appetite turned sour in the face of the poor bond auction in Europe. US stock markets followed European stock markets down as concerns centred on the euro crisis once more. In terms of data, it was a light day yesterday but key unemployment figures are released later today ahead of the main non-farm payroll numbers on Friday.

Elsewhere, the drop in risk appetite saw the riskier commodity backed currencies fall back marginally yesterday as investors moved out of the higher yielding currencies and into safer options. Call in now for a live exchange rate.

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

2012-01-04T09:47:00.000Z

EURO/GBP - 1.1975
US$/GBP – 1.5631
CHF/GBP – 1.4618
CAN$/GBP - 1.5851
AUS$/GBP – 1.5095
ZAR/GBP – 12.6140
JPY/GBP – 119.97
HKD/GBP – 12.1671
NZD/GBP – 1.9820
SEK/GBP – 10.6684
AED/GBP – 5.752
US$/EURO - 1.3062
INR/GBP - 82.91

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 strengthened marginally against the US dollar yesterday after better than expected data globally helped to improve risk appetite and gave support to the pound. Manufacturing sector activity in the UK improved by more than expected but still showed the sector contracting, pointing to signs of a ‘double-dip’ recession in the coming months. Whilst sterling has benefited against the euro due to the European debt crisis, many feel that this ‘safe haven demand’ is glossing over cracks in the UK economy that could see it enter recession again in 2012. Either way, ensure that you take advantage of better exchange rates as sterling was in a similar position against the euro at the start of 2011 but failed to reach those levels again until December.

In the euro zone, the euro strengthened slightly against the US dollar and sterling yesterday after German unemployment figures came in far better than expected. Data showed that unemployment fell by 22,000 – 13,000 more than had been expected. Despite this boost to risk appetite, persistent worries over high sovereign debt levels in the region and a lack of solutions to a crisis that is now entering its 3rd year are set to keep the euro under pressure. Out today there is services activity figures so call in now for a live price.

In the USA, better than expected manufacturing figures saw the US dollar slip off as risk appetite increased. In addition, data showed an increase in spending on construction. The minutes from the Federal Reserve’s recent meeting yesterday evening showed that the Fed will now publish its interest rate forecasts in a bid to become more transparent. Call in now for a live exchange rate.

Elsewhere, tension is increasing in the Gulf as new US and EU sanctions take their toll on the Iranian economy. The Iranian riyal has fallen by nearly 40% against the US dollar in the last month as investors scramble to move savings into US dollars to protect themselves. There were also concerns as Iran threatened to take action against the US Navy if it moves an aircraft carrier back into the Persian Gulf, which has seen oil prices jump on fears over supply. Call in now for a live exchange rate.

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

2012-01-03T10:48:00.000Z

EURO/GBP - 1.1972
US$/GBP – 1.5570
CHF/GBP – 1.4607
CAN$/GBP - 1.5796
AUS$/GBP – 1.5118
ZAR/GBP – 12.5722
JPY/GBP – 119.61
HKD/GBP – 12.1065
NZD/GBP – 1.9823
SEK/GBP – 10.6932
AED/GBP - 5.723
US$/EURO - 1.2984
INR/GBP - 82.02

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 has started the New Year much where it left off, hovering just under €1.20/£1 against the euro and at $1.5570/£1 against the US dollar. With many currency market traders beginning to return to work after the Christmas break, many expect that volatility will increase again after a relatively quiet week. As we start 2012, many analysts expect sterling to strengthen against the euro as the debt crisis worsens. Against the US dollar, some feel that sterling will fall as investors move money into the safe haven currency, but others feel that there is scope for sterling to strengthen as the US government struggles to deal with its deficit and continues to bicker over budgets and spending. This week we have a wide array of sector activity data in the form of PMI figures kicking off with manufacturing data today. Call in now for a live exchange rate.

In the euro zone, the euro suffered throughout December, dropping to an 11 ½ month low against sterling in the last week of the year. ‘Shorts’ of the euro – i.e. trades betting that the euro will fall – have increased to record highs in recent weeks and Europe is set to remain as the market focus for the coming months. This week sees bond market auctions in Germany and France which will most likely draw some attention alongside German unemployment figures later today.

In the USA, key events this week include the minutes from the most recent Federal Reserve interest rate meeting that are released today. With more buoyant data coming out of the USA, the minutes might show that the committee are feeling more positive about the US recovery. Friday sees key data in the form of non-farm payroll unemployment data so call in now for a live exchange rate.

Elsewhere, the Danish krone has begun to show signs of safe haven demand as the euro zone crisis has deepened. The Scandinavian currencies could potentially start to strengthen against others as they are not as embroiled in the credit crisis as many other countries. Call in now for a live exchange rate.

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

2011-12-30T10:24:00.000Z

EURO/GBP - 1.1919
US$/GBP - 1.5427
CHF/GBP - 1.4503
CAN$/GBP - 1.5753
AUS$/GBP - 1.5194
ZAR/GBP - 12.5323
JPY/GBP - 119.63
HKD/GBP - 11.9870
NZD/GBP - 1.9968
SEK/GBP - 10.6614
AED/GBP - 5.667
US$/EURO - 1.2944
INR/GBP - 82.14

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

So 2011 is coming to a close and for most is best forgotten. A strange year as it started with the expectation that the UK economy would continue to move forward albeit at a low rate of growth. But as the year comes to a close, the hope is that we will avoid another recession in 2012. The likelihood of any increases in UK interest rates also seems remote as the banks need to restore their balance sheets before allowing funds to be lent to fund economic growth.

This week sterling has lost ground across the board. Post Christmas retail sales went better than expected but there is no doubt margins were significantly reduced as the retailers made a dash for cash. The fear is that further quantitative easing will be required in early 2012 to help boost the UK economy.

Two Italian debt issuances were completed this week. Both were successful although the interest rate was close to 7% for the longer dated bonds. This is the interest rate which is viewed as the tipping point between the debt being affordable or it being unsustainable. These successful debt issuance helped the euro pull back from its 11 month low against sterling. The US$ had a good week benefitting from its safe haven status and an economy that is moving forward at a quicker rate than in Europe.

From all of us here at Smart we wish you all the very best for 2012 and hope that you have the best of health and a highly prosperous year as well.

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

2011-12-29T09:11:00.001Z

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

2011-12-28T08:54:00.000Z

EURO/GBP – 1.1985
US$/GBP – 1.5660
CHF/GBP – 1.4638
CAN$/GBP - 1.5965
AUS$/GBP – 1.5414
ZAR/GBP – 12.7560
JPY/GBP – 121.80
HKD/GBP – 12.1790
NZD/GBP – 2.0246
SEK/GBP – 10.7262
AED/GBP - 5.753
US$/EURO - 1.3064

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

A quiet day on the currency markets yesterday as we enjoyed an extended Christmas break. The City of London is the largest currency market in the world and as such trading elsewhere was fairly muted. There was little movement between the major currencies.

At the end of last week, worries about the UK economy came to the fore and the increased probability of further quantitative easing. It is unlikely the post Christmas retail sales have helped much as it seemed that significant price cuts were needed to convince shoppers to part with their cash.

This week we have the Italian government making a debt issuance. The markets will be watching very closely to see how successful it all is. A poor take up of the debt issuance will be negative for the euro.

We are open for business this week so if you need some help with your currency needs please get in touch. We will be delighted to help.

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

2011-12-23T09:36:00.002Z

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

2011-12-22T09:33:00.002Z

EURO/GBP - 1.2002
US$/GBP – 1.5674
CHF/GBP – 1.4665
CAN$/GBP - 1.6094
AUS$/GBP – 1.5530
ZAR/GBP – 12.8982
JPY/GBP – 122.45
HKD/GBP – 12.1998
NZD/GBP – 2.0375
SEK/GBP – 10.7842
AED/GBP - 5.76
US$/EURO - 1.3065

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 hit the highest level against the euro since January 2011, breaking through €1.20/£1 and hitting a high of €1.2043/£1 as strong demand for lending from the ECB failed to alleviate concerns over the European debt crisis. Despite sterling’s strength against the euro, the Bank of England minutes were pretty downbeat with policymakers mulling over further Quantitative Easing in February but this had little impact on the pound. Call in now for a live exchange rate as last year when it hit €1.20 it dropped off for the rest of the year.

In the euro zone, in the first ever offer of cheap 3 year loans by the ECB, banks snapped up €490bn of the funds on offer suggesting that the banking system in the region is heading for an impending funding squeeze. One trader compared the lending as papering over the cracks of a crumbling house. Sterling is expected to move towards €1.25 in the coming months and with total funding requirements in 2012 for sovereign debt sitting at over €1 trillion, this is unsurprising. Call in now for a live exchange rate.

In the USA, it was a relatively quiet day for data in the USA, with the major action taking place in Europe with the ECB funds issue. Initially there was a boost to risk appetite from the uptake which saw the US dollar weaken off. However, as markets began to realise the implication of such an oversubscribed take up, risk appetite reversed and the US dollar strengthened. Call in now for a live exchange rate.

Elsewhere, the Canadian dollar stayed pretty flat despite retail sales figures coming in higher than expected. As data starts to thin out ahead of Christmas, ensure you don’t get caught out by any volatility.

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

2011-12-21T10:34:00.002Z

EURO/GBP – 1.1968
US$/GBP – 1.5704
CHF/GBP – 1.4586
CAN$/GBP – 1.6081
AUS$/GBP – 1.5417
ZAR/GBP – 12.7462
JPY/GBP – 122.15
HKD/GBP – 12.2231
NZD/GBP – 2.0256
SEK/GBP – 10.7314
AED/GBP – 5.771
US$/EURO – 1.3120

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 jumped to an 11 month high against the euro yesterday as investors scrambled to buy the pound, believing sterling to be a much safer investment than the ailing euro. Better risk appetite also saw sterling gain against the US dollar as strong US and German economic data reduced demand for the safe haven US currency. Sterling’s relative strength is also being put down to an expectation that the UK will continue to hold onto its prized AAA credit rating whereas many see France and Germany at risk of downgrades. Out later today we have the minutes from the Bank of England’s recent meeting which could pour cold water on yesterday’s rally so call in now for a live exchange rate.

In the euro zone, a sharp drop in Spain’s short term borrowing costs saw the euro strengthen against the US dollar yesterday but the single currency still struggled against sterling. Better than expected German business confidence data also helped, but the picture is still a very gloomy one for the region heading into 2012 with many concerned that European policymakers are not doing enough to solve the European debt crisis. The failure of the recent EU summit to reach a solution and the apparent confusion between leaders, the ECB and the IMF as to the best route forward has been worrying markets.

In the USA, the US housing market showed some signs of recovery yesterday as new housing builds reached the highest level in over a year, increasing by 9.3%. Builders have struggled to compete with a wide number of cheap foreclosure properties, so this data helped to give risk appetite a boost across markets as investors saw a semblance of recovery in the US economy. Call in now for a live exchange rate.

Elsewhere, the Canadian dollar strengthened as inflation held steady at 2.9%. Most analysts feel that the Bank of Canada will look to start tightening monetary policy in the coming months. The Australian dollar also strengthened against the US dollar on better risk appetite and as the central bank minutes were less downbeat than expected.

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

2011-12-20T09:48:00.003Z

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

2011-12-19T10:38:00.000Z

EURO/GBP - 1.1910
US$/GBP – 1.5526
CHF/GBP – 1.4536
CAN$/GBP - 1.6092
AUS$/GBP – 1.5594
ZAR/GBP – 12.9528
JPY/GBP – 120.85
HKD/GBP – 12.0769
NZD/GBP – 2.0390
SEK/GBP – 10.7435
AED/GBP - 5.698
US$/EURO - 1.3020

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 is holding on to gains against the euro as the euro zone debt crisis cast a shadow over the single currency. Last week saw sterling break above €1.19/£1 for the first time in 9 months as credit rating agency Standard & Poor’s put 15 of the 17 euro members on notice of a credit rating downgrade. The outlook for the UK economy remains fragile despite upward revisions to retail sales figures. In the run up to Christmas, it is a relatively quiet week for data but we still have the Bank of England’s meeting minutes and also final GDP figures for Quarter 3. Call in now for a live exchange rate.

In the euro zone, last week saw Belgium’s credit rating downgraded and France’s rating outlook downgraded to negative. Ongoing concerns over sovereign rating downgrades will keep the euro under pressure heading into the festive period. The main activity today that markets will be looking closely at is a conference call this afternoon between European finance ministers to discuss ways to boost IMF resources. 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 saw investors buying US dollars to avoid riskier investments. Over the weekend, the Senate approved a $1trn bill to fund government spending and extended the payroll tax cut, but this has since been rejected by the Republicans. Risk sentiment is likely to remain subdued – call in now to ensure you don’t lose out.

Elsewhere, the Australian dollar slipped overnight as risk appetite fell due to the euro crisis and uncertainty over the situation in North Korea. Overnight into tomorrow the Reserve Bank of Australia releases its meeting minutes and the RBA is expected to maintain a downbeat tone. Get in touch now to ensure that you take advantage of better exchange rates.

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

2011-12-16T09:28:00.001Z

EURO/GBP - 1.1906
US$/GBP - 1.5508
CHF/GBP - 1.4594
CAN$/GBP - 1.6002
AUS$/GBP - 1.5531
ZAR/GBP - 12.9772
JPY/GBP - 120.84
HKD/GBP - 12.0741
NZD/GBP - 2.0409
SEK/GBP - 10.7912
AED/GBP - 5.696
US$/EURO - 1.3010

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 has had a strong week against the euro, strengthening to a 10 month high against the single currency and holding ground as European policymakers struggled to come to grips with the euro zone crisis. The pound did however drop against the US dollar as investors looked to the relative safety of the US currency in the face of increasing doubt that a comprehensive solution will be reached on the debt crisis. Whilst sterling has been holding at €1.19/£1, €1.20/£1 is a key level of resistance that will require a large swing in sentiment to reach, but many analysts now expect sterling to push towards that in the coming months. Retail sales were better than expected on Thursday so call in now for a live exchange rate.

In the euro zone, the euro has had a poor week, dropping to an 11 month low against the US dollar and a 10 month low against sterling. Last week’s EU summit seemed to follow the normal pattern – a framework agreed on a solution, but discussions over the detail pushed back to a later date. Investors are becoming increasingly concerned that this lack of action means that policymakers are far from reaching a solution. Concern is mounting that we will begin to see the first stages of a euro break up in the coming months.

In the USA, stock markets have had a turbulent week as investors pull out of higher risk assets and into safer assets such as US government bonds. This flight to the safety of US bonds has also driven US dollar strength throughout the week, hitting a 2 month high against sterling and an 11 month high against the euro. Out later today there is inflation data so call in now for a live exchange rate.

Elsewhere, the Swiss franc strengthened after the Swiss National Bank chose not to change the pegged exchange rate against the euro. This saw currency strengthen after investors had widely expected the SNB to raise the rate to counter deflation in the country. Call in now for a live rate.

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

2011-12-15T08:40:00.000Z

EURO/GBP - 1.1874
US$/GBP – 1.5475
CHF/GBP – 1.4675
CAN$/GBP - 1.6041
AUS$/GBP – 1.5603
ZAR/GBP – 12.9498
JPY/GBP – 120.6
HKD/GBP – 12.0418
NZD/GBP – 2.0628
SEK/GBP – 10.7992
AED/GBP - 5.683
US$/EURO - 1.3015

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 hit the highest level against the euro for nearly 10 months yesterday, breaking through €1.19/£1 as a lack of confidence in a solution to the debt crisis and the risk of downgrades gathered pace. Negative sentiment towards the euro did however drive sterling lower against the US dollar as investors looked to the safer haven of the US currency. Sterling is not necessarily being driven by any UK data, more the lack of confidence in the euro. One slight positive for sterling was that Spencer Dale, chief economist at the Bank of England, felt that inflation would not fall as fast as predicted and as such he would not necessarily support further Quantitative Easing. Call in now for a live price.

In the euro zone, the euro suffered yesterday again falling to a 10 month low against sterling and an 11 month low against the US dollar. Concerns are high over the impact of potential sovereign debt rating downgrades after several rating agencies this week warned of possible European wide cuts to credit ratings. Italy also struggled to auction a round of 5 year bonds and ended up paying record costs for its 5 year borrowing. Call in now for a live exchange rate as we could conceivably be over 1.20 very soon.

In the USA, stock markets dropped for a 3rd straight day as investors concerns that Europe was not containing the debt crisis impacted on stock purchases. The US dollar strengthened against most currencies as investors looked to the safer haven of the currency to avoid losing out.

Elsewhere, the Swiss franc dropped to the weakest level in 9 months ahead of a meeting later today where the Swiss National Bank will decide whether to further weaken the currency. Call in now for a live exchange rate.

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

2011-12-14T10:21:00.002Z

EURO/GBP - 1.1895
US$/GBP – 1.5488
CHF/GBP – 1.4668
CAN$/GBP - 1.6038
AUS$/GBP – 1.5485
ZAR/GBP – 12.9261
JPY/GBP – 120.74
HKD/GBP – 12.0471
NZD/GBP – 2.0490
SEK/GBP – 10.8182
AED/GBP - 5.686
US$/EURO - 1.3015

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 hit a fresh 9 month high against the euro yesterday, touching €1.1880/£1 after comments by Angela Merkel unsettled investors already disappointed by the outcome of last week’s EU summit. Traders sold the euro after the German Chancellor made comments that rejected raising the funding limit of Europe’s bailout fund in future. Sterling has made gains as investors move funds from euros into the relative safety of UK government bonds. Many investment banks have been scrambling to amend their sterling/ euro forecasts with many calling for the pound to be nearer to €1.25/£1 in the next few months. Be aware that sterling started 2011 well, jumping above €1.20/£1 but soon dropped to €1.10/£1 so if it does move, be prepared to take advantage to prevent it moving against you.

In the euro zone, with the EU summit falling short of any concrete commitments that would see the ECB issuing ‘eurobonds’ and credit rating agency S&P putting all 27 EU countries on review for a rating downgrade, it is no surprise that Angela Merkel’s comments caused a euro sell-off. Rating agency Fitch also said that a lack of a comprehensive solution to the crisis had put pressure on its own ratings of European states. Despite UK inflation data dropping back below 5%, the euro continued to fall throughout the day. Call in now for a live exchange rate.

In the USA, US retail sales dropped by 0.4% coming in lower than expectations marking a disappointing end to a relatively positive run of data from the USA. The Federal Reserve kept interest rates on hold overnight and is widely expected to wait until the New Year before launching any new initiatives. This disappointed traders somewhat and saw stocks fall. It is a relatively quiet day for data today but expect markets to be driven by euro sentiment. Call in now for a live exchange rate.

Elsewhere, the Australian dollar regained ground yesterday against the US dollar and sterling. Commodity backed currencies are particularly volatile at the moment given the ongoing concerns regarding the euro zone – 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

2011-12-13T09:05:00.000Z

EURO/GBP - 1.1821
US$/GBP – 1.5596
CHF/GBP – 1.4618
CAN$/GBP - 1.6007
AUS$/GBP – 1.5438
ZAR/GBP – 12.8841
JPY/GBP – 121.42
HKD/GBP – 12.1389
NZD/GBP – 2.0364
SEK/GBP – 10.7260
AED/GBP - 5.727
US$/EURO - 1.3180

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 surged against the euro yesterday after investor concerns over the EU summit saw sterling jump above €1.18/£1 for the first time since February as investors shed the single currency. The single currency shed 1% against a stronger pound after Friday’s EU summit failed to restore confidence that policymakers could reach a solution. The main headline for the UK has been David Cameron’s decision to veto the EU treaty on Friday and there was talk that this could isolate the UK from Europe in the long term. Despite this, many analysts expect sterling to strengthen against the euro as European policymakers struggle to implement new rules. Out later today there is inflation data so ensure you stay on top of rates and call in to speak to one of the team.

In the euro zone, the euro plummeted as analysts struggled to comprehend how the 17 euro zone nations would implement the new tougher measures agreed on Friday. Following the UK veto, it is up to the remaining countries in the EU to enact laws to entrench binding debt ceilings and punishments, but many analysts are struggling to comprehend how quickly this will address the immediate concerns over liquidity. In terms of data, there is economic sentiment data released tomorrow which is likely to have dropped on last month.

In the USA, the US dollar strengthened yesterday after investors looked to the safe haven of the currency as risk appetite plummeted. Higher yielding currencies such as the Australian dollar fell notably. Out later today there is retail sales data and the Federal Reserve’s monthly interest rate policy statement. Call in now for a live exchange rate.

Elsewhere, along with other commodity backed currencies, the Canadian dollar fell to the lowest level in December as Moody’s credit rating agency said that it would review the credit ratings of all EU nations following Friday’s summit. Call in now for a live exchange rate.

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

2011-12-09T09:42:00.001Z

EURO/GBP - 1.1730
US$/GBP - 1.5636
CHF/GBP - 1.4489
CAN$/GBP - 1.6009
AUS$/GBP - 1.5502
ZAR/GBP - 12.9288
JPY/GBP - 121.46
HKD/GBP - 12.1724
NZD/GBP - 2.0384
SEK/GBP - 10.6314
AED/GBP - 5.746
US$/EURO - 1.3322

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 hit a one month high against the euro yesterday and was set to make further gains after investors sold the euro on concerns that the ECB had not taken more drastic action to solve the euro zone crisis. Whilst the Bank of England made no further changes to monetary policy this month, the ECB cut interest rates by 0.25% and offered long term lending to banks, but many analysts felt this was not enough. The releases of the minutes from the Bank of England’s meeting are expected to show discussions around the introduction of further Quantitative Easing in 2012. QE is normally seen as negative for a currency, but many feel that in the face of the euro crisis, markets may start to reward proactivity from central banks.

In the euro zone, markets were not particularly happy about the lacklustre action from the ECB ahead of the EU summit later today. Yet again, there is an expectation from markets that only a comprehensive solution will suffice, but many are expecting to be disappointed. A clear plan towards fiscal integration is the aim, but most analysts expect a half-baked compromise that will fail do achieve very much. Either way prepare for euro weakness by speaking to one of the team now to avoid losing out.

In the USA, the US dollar has taken a back seat in the last week as investors focus predominantly on the crisis in the euro zone. The US dollar has been a barometer of market sentiment, strengthening against the riskier currencies in the face of the crisis. Released later today is trade balance data, but this is likely to be relatively insignificant compared to what happens in the euro zone.

Elsewhere, the Japanese yen strengthened on the ECB’s news, showing that the yen is still a go-to safe haven currency. This morning sterling is performing well against commodity based currencies so call in if you have any currency requirements for those currencies.

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

2011-12-08T09:28:00.000Z

EURO/GBP - 1.1701
US$/GBP – 1.5698
CHF/GBP – 1.4493
CAN$/GBP - 1.5849
AUS$/GBP – 1.5270
ZAR/GBP – 12.6355
JPY/GBP – 121.81
HKD/GBP – 12.2093
NZD/GBP – 2.0096
SEK/GBP – 10.5531
AED/GBP - 5.768
US$/EURO - 1.3412

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 hit a one month high against the euro yesterday of €1.1748/£1, coming close to the highest level since March after a German official played down market expectations of a comprehensive solution to the euro crisis being announced on Friday. Weak industrial data for the UK was largely ignored as the focus intensifies on the outcome of Friday’s summit. Industrial output slipped at the fastest pace in 6 months in October, raising further concerns over the UK recovery as the economic picture deteriorates further. The Bank of England announces this week’s interest rate decision later today and is not expected to make any changes to monetary policy this month.

In the euro zone, the euro fell after a German official said that Berlin was becoming pessimistic over the likelihood of a comprehensive solution being announced on Friday as many governments failed to grasp the gravity of the situation. A key focus of the summit is the level of progress towards fiscal integration whilst minimising the moral hazard of any political changes. The European Central Bank is widely expected to cut interest rates today so call in now for a live exchange rate.

In the USA, the US dollar yet again took a back seat to the European debt crisis and the build up to Friday’s EU summit and today’s (expected) interest rate cut. Barclays Capital yesterday amended their US dollar/ sterling forecasts to reflect a general movement from euros towards the US dollar over the coming months, meaning that sterling is now expected to drop steadily towards $1.50/£1 over the next 12 months. Call in now to avoid losing out.

Elsewhere, the Australian dollar strengthened yesterday after GDP growth figures came in at 2.5% - beating expectations by nearly 1%. Australian growth has been strong, yet the Reserve Bank of Australia has begun to cut interest rates to cope with potential slowing demand from China.

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

2011-12-07T09:51:00.000Z

EURO/GBP - 1.1624
US$/GBP – 1.5616
CHF/GBP – 1.4439
CAN$/GBP - 1.5761
AUS$/GBP – 1.5207
ZAR/GBP – 12.4588
JPY/GBP – 121.33
HKD/GBP – 12.1472
NZD/GBP – 1.9942
SEK/GBP – 10.4926
AED/GBP - 5.741
US$/EURO - 1.3422

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 fell against the US dollar yesterday as it followed the euro downwards after credit rating agency S&P put 15 out of the 17 euro zone countries on notice for a potential credit rating downgrade. Poor retail sales figures and housing surveys contrasted with stronger than expected industrial data from Germany, highlighting the fragility of the UK economy. Survey by the British Retail Consortium showed that retailers suffered their biggest annual drop in like for like sales since May. UK data has been particularly poor of late and as a result, sterling has taken a punishment as the euro crisis deepens. Call in now for a live exchange rate.

In the euro zone, the euro fell against the US dollar as investors focussed on the unprecedented warning issued by rating agency S&P. With the credit warning including France and Germany, investors are increasingly concerned over these perceived ‘safer’ countries and their abilities to repay their debts. With the ECB widely expected to cut interest rates on Thursday and the EU summit set to deliver a day of volatility it is set to be an interesting few days on the currency markets. Call in now for a live exchange rate.

In the USA, it was a fairly quiet day in terms of data with no real significant releases. With markets waiting for the EU Summit on Friday and the ECB interest rate decision tomorrow morning, there is no clear direction as to the US dollar’s direction ahead of the New Year. Friday will be a key day that decides the movement for the coming months so call in now to ensure you don’t lose out.

Elsewhere, the Swiss franc continues to come under pressure after an array of poor figures and talk of the Swiss National Bank increasing its floor on Euro/ Swiss franc to €1.25/€1 or more. Call in now to ensure you are protecting yourself ahead of Friday’s summit.

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

2011-12-02T09:33:00.001Z

EURO/GBP 1.1641
US$/GBP 1.5696
CHF/GBP 1.4380
CAN$/GBP 1.5910
AUS$/GBP 1.5347
ZAR/GBP 12.6690
JPY/GBP 122.05
HKD/GBP 12.1980
NZD/GBP 2.0051
SEK/GBP 10.6059
AED/GBP 5.768
US$/EURO 1.3470

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 strengthened against a weaker US dollar yesterday after risk appetite improved following good demand at a Spanish bond auction. Sterling slipped from earlier highs against the euro after poor manufacturing figures showed that the sector had contracted for a second month in a row. Whilst there is improved risk appetite, sterling could be set for gains against the euro if European policymakers fail to address the crisis effectively in the coming days. This week has seen poor prospects for sterling as the outlook for growth was slashed in George Osborne’s autumn statement. In terms of data, there is construction sector activity data released later today which is expected to show a contraction. Call in now for a live exchange rate.

In the euro zone, despite Spain’s borrowing costs hitting the highest levels for 14 years, there was widespread relief that the country managed to sell the full amount of debt at a closely watched bond auction yesterday. This was important as it was a key gauge for investors as to market sentiment over Spain’s ability to cover its debts. Analysts expect sterling to strengthen over the coming months against the euro as investors move funds into UK government bonds, which remain AAA rated by all major rating agencies. Call in now to ensure you are in a position to take advantage.

In the USA, the US dollar slid against the euro for the 4th day in a row as risk appetite steadily improved over the week. With many investors positioning themselves for today’s key employment number – non farm payrolls – it was a relatively quiet day for the US dollar. US data has been better than expected this week, which has added to the improving picture for the US recovery. Call in now for a live exchange rate.

Elsewhere, the commodity backed currencies have had a strong week making gains off the back of improved risk appetite despite the crisis in Europe. Wednesday’s co-ordinated action by central banks to ease the US dollar swap rate improved sentiment globally. Call in now for a live exchange rate.

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

2011-12-01T09:16:00.000Z

EURO/GBP - 1.1638
US$/GBP – 1.5645
CHF/GBP – 1.4291
CAN$/GBP - 1.5974
AUS$/GBP – 1.5371
ZAR/GBP – 12.7861
JPY/GBP – 121.49
HKD/GBP – 12.1678
NZD/GBP – 2.0181
SEK/GBP – 10.6088
AED/GBP - 5.751
US$/EURO - 1.3440

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 jumped by 0.8% against the US dollar yesterday after co-ordinated emergency action by several central banks saw risk appetite jump and investors return to riskier assets. The Federal Reserve, European Central Bank, Bank of England and central banks of Canada, Japan and Switzerland agreed to cut the cost of US dollar swaps to help boost liquidity and help European banks hurt by the euro zone crisis. Despite the gloomy outlook outlined in Tuesday’s autumn statement, sterling rallied against the US dollar, but slipped against ‘riskier’ currencies as investors felt happier taking risks. Out later today there is manufacturing activity data which will be key in painting a picture of the UK recovery. Call in now for a live exchange rate.

In the euro zone, the euro surged against the US dollar on the news of the co-ordinated action, in essence a huge injection of Quantitative Easing on a global scale. Liquidity – or the availability of borrowing – has been squeezed by the escalation of the European debt crisis. The measures are in no way a solution to the crisis and the euro faces a make or break 10 days. With rumours circulating of firms implementing assessments of the impact of a euro break up, European policymakers have until the December 9th summit to deliver an effective solution that delivers a long term fix to the problems. Call in now for a live exchange rate.

In the USA, the US dollar weakened off against most of its major counterparts as the measures were announced. With cheaper US dollars now widely available, investors took advantage and bought into higher yielding ‘commodity backed’ currencies. Aside from this, there was some surprisingly positive data released in the US yesterday that showed that US private sector jobs increased by 206,000 in the previous month. Business activity data jumped and US pending home sales jumped by 10% in October. Combined with last week’s strong retail sales, the figures painted a much better than expected picture of the US recovery than many had thought. Call in now for a live exchange rate.

Elsewhere, commodity currencies surged as investors took advantage of increased risk appetite. The South African rand jumped by over 2% against the US dollar and the Australian dollar made similar gains. If you are moving those currencies into sterling, now is a great time so call in now to take advantage.

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

2011-11-30T09:29:00.000Z

EURO/GBP - 1.1701
US$/GBP – 1.5522
CHF/GBP – 1.4351
CAN$/GBP - 1.6088
AUS$/GBP – 1.5609
ZAR/GBP – 13.0961
JPY/GBP – 121.21
HKD/GBP – 12.1039
NZD/GBP – 2.0470
SEK/GBP – 10.7749
AED/GBP - 5.71
US$/EURO - 1.3272

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 stayed firm against the US dollar and strengthened above €1.17/£1 against the euro despite a particularly downbeat statement by the Chancellor in his autumn statement to parliament. Growth forecasts for 2012 were downgraded to 0.7% from an estimated 2.5% in March and the Office of Budget Responsibility expects the economy to contract by 0.1% in the 4th Quarter of this year. Poor data in past weeks has also cemented the gloomy outlook for the economy with retail sales dropping by the highest level for 2 ½ years in October as consumers cut back on spending with inflation holding at more than 5%. Sterling recovered as most of the bad news was factored into the exchange rates. Call in now for a live exchange rate.

In the euro zone, the euro rose for a second day against the US dollar as there was speculation that the European Central Bank may lend money to the IMF in order to help Italy cope with the debt crisis. Italy’s borrowing costs have sky rocketed as investors have deserted the country in the wake of the recent crisis and left it having to pay more and more to borrow. Market sentiment yesterday seemed to suggest that European policymakers are taking action on the crisis, which helped support the euro.

In the USA, a rebound in consumer confidence in November also gave investor risk appetite a boost and saw the US dollar weaken off from recent highs. Out later today there is pending home sales and building approvals figures – both key pieces of data in the assessment of the US recovery’s prospects. Call in now to ensure you take advantage of any rate movements.

Elsewhere, the boost in risk appetite saw the commodity backed currencies strengthen against the US dollar and sterling. The Australian dollar surged by 2% against the US dollar before pulling back later in the day.

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

2011-11-29T09:54:00.000Z

EURO/GBP - 1.1621
US$/GBP – 1.5490
CHF/GBP – 1.4291
CAN$/GBP - 1.6035
AUS$/GBP – 1.5594
ZAR/GBP – 12.9468
JPY/GBP – 120.84
HKD/GBP – 12.0810
NZD/GBP – 2.0488
SEK/GBP – 10.7714
AED/GBP - 5.708
US$/EURO - 1.3342

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 recovered from a 7 week low against the US dollar on Monday as risk appetite improved across global markets. Rumours that European leaders were pushing towards more radical action on the euro zone crisis sparked by reports that the IMF was preparing an aid package for Italy saw a surge in demand for risk related assets. However, poor data from the UK put investor expectations of a recovery off course. Retail sales figures came in very low, showing a fall at the highest rate for 2 ½ years as consumers cut back spending. In addition, a report by the OECD stated that the UK will slip back into recession next year and that the Bank of England should increase the level of Quantitative Easing to £400bn. Today sees the chancellor’s Autumn report so call in now to avoid losing out.

In the euro zone, the euro recovered from 7 week lows against the US dollar as there was fresh hope of progress in the euro zone crisis as rumours circulated that the IMF was preparing an emergency aid package for Italy. In addition, with a European Summit next week and a European Finance Ministers meeting later today, many hoped to see progress towards more decisive action. The crisis continues to dominate currency movements, so ensure you protect yourself by calling and speaking to one of the team today.

In the USA, risk appetite was helped by reports of strong retail sales on “Black Friday” – the traditional post-Thanksgiving day of retail discounting similar to Boxing Day in the UK. In addition, there were reports that yesterday – dubbed “Cyber Monday” – would see record levels of online shopping ahead of Christmas, which helped investors feel marginally better and saw the US dollar slip off.

Elsewhere, the Australian dollar jumped by more than 2% against the euro, hitting a one week high and the New Zealand dollar gained by 2% as investors felt better that a solution to the Europe crisis was on the way. Call in now for a live exchange rate.

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

2011-11-28T10:13:00.001Z

EURO/GBP - 1.1637
US$/GBP – 1.5546
CHF/GBP – 1.4332
CAN$/GBP - 1.6101
AUS$/GBP – 1.5732
ZAR/GBP – 12.9532
JPY/GBP – 120.71
HKD/GBP – 12.1055
NZD/GBP – 2.0628
SEK/GBP – 10.7824
AED/GBP - 5.709
US$/EURO - 1.3357

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 strengthened from a 7 week low against the US dollar last week as risk appetite improved on Friday. Sterling held its ground against the euro as well. The big event of the coming week is set to be the Chancellor’s autumn statement, released tomorrow. We are likely to see George Osborne reaffirm the government’s commitment to cutting the deficit, but the main focus is expected to be a reduction in growth forecasts for next year. The EU crisis is expected to have a knock on effect and see the UK skirting recession next year – all of which could have an impact on sterling. Other key data released this week includes UK manufacturing, mortgage lending and consumer confidence. Call in now for a live exchange rate.

In the euro zone, the main news of last week was Germany’s ‘failed’ bond auction in which they failed to sell the full allocation of bonds on offer. We have November’s EU summit this week and with the lack of progress made in the last month over a credible plan to solve the crisis, there will be a lot to talk about. German and French leaders have come under particular pressure and any failure to address market concerns over the situation will heighten market tensions. Ensure you speak to one of the team to avoid losing out.

In the USA, the US dollar continues to maintain its position as the only real safe haven currency and as such is particularly strong at the moment. Last week’s ‘Black Friday’ showed reportedly much higher sales than in the previous year and as a result, investors feel good about retail sales in the country and the prospects for recovery. Later this week we have figures on payroll and manufacturing which could sink any optimism so call in now for a live exchange rate.

Elsewhere, the Swiss franc benefited on Friday on rumours that the Swiss National Bank would increase the currency peg floor to €1.25 against the euro. However, the SNB is likely to wait for any developments from the EU summit before making any decisions. Call in now for a live price.

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

Currency note 24th November 2011

2011-11-24T09:33:00.000Z

EURO/GBP - 1.1602
US$/GBP – 1.5556
CHF/GBP – 1.4254
CAN$/GBP - 1.6251
AUS$/GBP – 1.5940
ZAR/GBP – 13.1824
JPY/GBP – 119.92
HKD/GBP – 12.1131
NZD/GBP – 2.0870
SEK/GBP – 10.7151
AED/GBP - 5.708
US$/EURO - 1.3388
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

Important notice: Today is Thanksgiving (a public holiday) in the USA and as a result, US dollar payments will be delayed by one day as US routing banks will be shut. Please allow an extra day if you are paying suppliers in US dollars. This may also impact other currency payments so bear this in mind.

Sterling fell to a further 6 week low against the US dollar yesterday, falling below $1.55/ £1 following steep drops in the prices of riskier currencies/ commodities. A raft of poor data from the euro zone saw investors pull back from positions in riskier positions. With sterling seen as a relatively riskier option to the US dollar, the pound has come under pressure as the European crisis intensifies. The pound wasn’t helped either by the Bank of England’s minutes that showed policymakers unanimously voting for no change to monetary policy. One positive was that sterling strengthened against the euro. Call in now to ensure you take advantage.

In the euro zone, the euro tumbled yesterday following poor demand for German bonds. Germany is seen by many as the ‘safe haven’ of the euro zone and the lacklustre bond auction yesterday may be the first signs of the markets beginning to question Germany’s ability to handle the European crisis. In addition, data showed that industrial orders and purchasing figures fell in the region, signalling an impending recession. Call in now for a price to make sure you don’t lose out.

In the USA, the US dollar strengthened to the highest level against the euro since early October as investors became more and more concerned over the impact that the European debt crisis was having on France and Germany – the region’s largest economies. Markets are becoming more and more concerned globally and as such are seeking the safe haven of US dollars. Ensure you protect yourself by speaking to one of the team today.

Elsewhere, Chinese data released yesterday showed a sharp contraction in manufacturing activity. The figures shocked many who had been relying on China to drive the global recovery forward.

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

2011-11-23T09:13:00.001Z

EURO/GBP - 1.1585
US$/GBP – 1.5598
CHF/GBP – 1.4231
CAN$/GBP - 1.6231
AUS$/GBP – 1.5980
ZAR/GBP – 13.1651
JPY/GBP – 119.98
HKD/GBP – 12.1291
NZD/GBP – 2.0916
SEK/GBP – 10.6971
AED/GBP - 5.721
US$/EURO - 1.3464

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

Important notice: Thursday is Thanksgiving (a public holiday) in the USA and as a result, US dollar payments will be delayed by one day as US routing banks will be shut. Please allow an extra day if you are paying suppliers in US dollars.

Sterling fell to a 6 week low against the US dollar yesterday as riskier currencies became hampered by the failure of US politicians to reach agreement on spending cuts and concerns over the European debt crisis continued to wreak havoc. Whilst the pound did start to recover, it also hit a 3 week low against the euro as banks allegedly repatriated funds in order to start recapitalising. In terms of data, we have the Bank of England’s minutes released later today which are set to show that there is potentially further Quantitative Easing on the way as the UK economy struggles with high inflation and low growth. Call in now for a live price.

In the euro zone, the euro slipped yesterday against the US dollar as rumours surfaced that Belgium and France were in fresh talks regarding the existing deal for Dexia – the first bank to be bailed out in Europe following the euro zone crisis. The concerns were over the fact that France could be taking on more and more liabilities – especially given the recent warnings over France’s credit rating in recent weeks. Out later today there is a wide array of economic activity data so call in now to ensure you don’t lose out.

In the USA, US GDP growth figures were revised downwards yesterday to 2% quarter on quarter which saw risk appetite decrease and increased demand for the US dollar. With the US super committee failing to reach an agreement on spending cuts, there is a significant risk that we could see another credit rating agency downgrade the US credit rating. Get in touch now to avoid losing out.

Elsewhere, sterling surged against the South African rand yesterday hitting the highest level since August 2009. Riskier currencies like the South African rand have taken a hit recently as investors pull out of riskier positions. Call in now to take advantage of better rates.

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

2011-11-23T09:13:00.000Z

2011-11-22T08:58:00.000Z

EURO/GBP - 1.1580
US$/GBP – 1.5654
CHF/GBP – 1.4345
CAN$/GBP - 1.6245
AUS$/GBP – 1.5886
ZAR/GBP – 12.9971
JPY/GBP – 120.64
HKD/GBP – 12.2075
NZD/GBP – 2.0818
SEK/GBP – 10.6721
AED/GBP - 5.756
US$/EURO - 1.3525

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 fell to the lowest level against the US dollar for 6 weeks yesterday as investors moved away from riskier assets, but sterling remained supported against the euro given concerns over euro zone stability. With a fragile UK economy and the Bank of England’s minutes release tomorrow that are expected to show the Bank’s readiness to deploy further Quantitative Easing, sterling is set to continue to come under pressure against the US dollar. Some analysts are predicting that sterling will fall to $1.53/£1 by the end of the year as the recovery slows. Figures yesterday showed that UK shopper numbers fell by the fastest rate since last year’s heavy snow as consumers tightened their belts. Out later today there is key data on public sector borrowing that could cause some volatility. Call in now to ensure you don’t lose out.

In the euro zone, fears over the debt crisis continued to cause issues with stock markets falling to 6 week lows as credit rating agency Moody’s issued a warning over France’s credit rating as a result of the country’s exposure to Greece and Italy. Comments from ‘guru’ investor Warren Buffett didn’t help either – the ‘Oracle of Omaha’ stated that he couldn’t see how and when the European debt crisis would end. Out later today there is consumer confidence data for the region so call in now for a live exchange rate.

In the USA, the US dollar surged against its counterpart currencies as investors shunned riskier assets and the debt crisis raged on. US stock markets fell yet again, with the S&P 500 slipping below the 1,200 level for the first time since October. Out later today there is US GDP data so call in as this could cause some movement.

Elsewhere, a swift recovery in Japanese manufacturing supply chains helped the economy recover from a post-quake recession and grow by 1.5% in the 3rd Quarter. However, record highs on the Japanese yen have seen exports drop by 3.7% despite intervention by central authorities to weaken the yen.

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

2011-11-21T10:40:00.000Z

EURO/GBP - 1.1654
US$/GBP – 1.5698
CHF/GBP – 1.4439
CAN$/GBP - 1.6204
AUS$/GBP – 1.5846
ZAR/GBP – 12.9742
JPY/GBP – 120.55
HKD/GBP - 12.2270
NZD/GBP - 2.0771
SEK/GBP - 10.6870
AED/GBP - 5.765
US$/EURO - 1.3450

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 strengthened against the US dollar on Friday as investors who had placed bets against sterling reversed them ahead of the weekend. In addition, there was speculation that the ECB would start lending to the IMF in order to bail out troubled European countries. Sterling slipped slightly against the euro as a result, but this was due to the fact that the pound has now become some what of a safe haven currency in the face of a growing crisis in the euro zone and as a result, sterling is likely to gain against the euro if investors become concerned. This week, we have the Bank of England’s meeting minutes and the 1st revision of 3rd Quarter GDP – both of which could cause significant volatility.

In the euro zone, it was yet another volatile week, with a sharp rise in government bond yields across the board demonstrating the ‘contagion’ that so many analysts have feared for some time. One piece of relatively positive data over the weekend was the news of the crushing election victory by Spain’s centre right. The strong majority should give the new government the ability to push through the tough austerity measures required and to (hopefully) keep the country’s bond prices down. Call in now for a live exchange rate.

It is a potentially big week in the USA, with the looming deadline of the so-called ‘super-committee’. This was a bi-partisan body set up in the wake of the debt ceiling debacle in August to agree a further $1.2trn of spending cuts in order to avoid automatic cuts in 2013. Given the fractious nature of US politics, if the talks do breakdown it could cause some issues in the markets yet again. There is preliminary GDP growth figures released later in the week so call in to ensure you don’t lose out.

Elsewhere, the resurgence of violence in Egypt has put many analysts on edge. The lack of political reform since the uprising earlier this year has caused some to worry about the situation in the region. Call in now for a live rate.

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

2011-11-18T10:08:00.001Z

EURO/GBP - 1.1697
US$/GBP - 1.5767
CHF/GBP - 1.4492
CAN$/GBP - 1.6248
AUS$/GBP - 1.5830
ZAR/GBP - 12.9680
JPY/GBP - 121.21
HKD/GBP - 12.2906
NZD/GBP - 2.0767
SEK/GBP - 10.7210
AED/GBP - 5.796
US$/EURO - 1.3501

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 strengthened yesterday after stronger than expected retail sales figures provided some rare positive news on the UK economy. Figures showed that retail sales increased by 0.6% in October – beating expectations for a fall. Despite this rare piece of good news, many analysts feel there are still significant risks facing the UK economy – especially heading into the new year when growth can stall after Christmas. Sterling should however remain supported against the euro given the concerns over risks of contagion in the euro zone. Elsewhere this week, inflation fell and the number of new people claiming unemployment benefits fell significantly on last month. Call in now for a live exchange rate.

In the euro zone, it appeared that the European debt crisis was close to claiming its 3rd victim in as many weeks. Spain’s borrowing costs jumped yesterday, with the country having to pay 6.975% on new borrowing yesterday 3 days ahead of an election that is expected to see the ruling socialist party toppled. Bond yields in many other countries in the region also suffered with many analysts predicting that markets are now pricing in a break up of the euro zone. Call in now for a live rate as there is significant volatility.

In the USA, stock markets fell for another day on Thursday as fears over the euro zone crisis causing a global liquidity crisis negated recent positive data showing a 7 month low for new jobless claims and an increase in permits for new homes. Many had felt that these positive signs were a sign that the US recovery was under way, but the gathering storm in Europe is a worrying sign for the global recovery. Ensure you take advantage of any volatility and speak to one of the traders today.

Elsewhere, the Japanese yen strengthened to a 2 ½ week high against the US dollar as concern over the euro zone saw investors seek refuge in the safe haven currency. This was the lowest level since the Japanese intervention of October 31st. Markets are very jittery at the moment in relation to the euro zone, 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

2011-11-17T10:29:00.002Z

EURO/GBP - 1.1676
US$/GBP – 1.5756
CHF/GBP – 1.4475
CAN$/GBP - 1.6088
AUS$/GBP – 1.5612
ZAR/GBP – 12.8057
JPY/GBP – 121.11
HKD/GBP – 12.2508
NZD/GBP – 2.0528
SEK/GBP – 10.6872
AED/GBP - 5.78
US$/EURO - 1.3470

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

UK unemployment continues to grow hitting 17 year highs as the private sector is unable to take up the slack from those being made unemployed in the public sector. Unemployment for the under 25’s is over 20%. We also had yesterday the Bank of England forecasts for the UK economy which reduced growth expectations over the next 9 months to nil as a result of the problems in the euro zone which is the UK’s main export market. Further quantitative easing is being talked about which meant that sterling gave back its morning gains against the euro in the afternoon. One positive from the BoE was their expectation that inflation would be less than 2% by the end of 2012. But they have been wrong before. So the UK is not in a great position economy wise. Call in now to get a rate to minimise risk in these difficult times.

Business confidence in the euro zone begins to ebb away as the markets wait for a comprehensive and believable plan with regard to restructuring of their debts, bank and government. Yields on Italian government debt hovered around the 7% level which given that this seemed to be dependent on buying by the European Central Bank is not comforting. So as uncertainty reigns and I suggest you give us a call to get the latest update.

The US$ continues to benefit from its safe haven status and strengthen against sterling. But the US economy is also suffering from the uncertainty in the euro zone and expectations for US company performances such as the banks are beginning to be downgraded.

The commodity backed currencies held their own yesterday. The euro zone crisis is having an effect on business confidence worldwide and although still growing the Far East is still dependent on what happens in the northern hemisphere.

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

2011-11-16T09:47:00.002Z

EURO/GBP - 1.1684
US$/GBP – 1.5786
CHF/GBP – 1.4496
CAN$/GBP - 1.6178
AUS$/GBP – 1.5614
ZAR/GBP – 12.8831
JPY/GBP – 121.50
HKD/GBP – 12.2917
NZD/GBP – 2.0516
SEK/GBP – 10.6732
AED/GBP - 5.798
US$/EURO - 1.3497

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

UK inflation data for October fell by 0.2% from the previous month. Trouble is at 5% it is still way above the Bank of England’s target rate of 2%. Expectation is that it will fall in the new year as last January’s VAT increases flow through. Problems in the euro bond market continue to trouble sterling against currencies other than the euro as a significant proportion of the UK’s trade is with the euro zone. Today we have the unemployment figures which are unlikely to make happy reading. Unemployment for the under 25’s is of great concern as jobs have dried up for this age group. Exchange rates continue to be volatile so call in for a rate now.

The euro zone problems continue. Confidence in euro zone bonds of all countries apart from Germany’s is slipping away which means that the problems of Italy and Greece could spread to other countries such as France and Austria which in theory have AAA rated bonds. Business confidence continues to wane which means that given the size of the euro zone business confidence world wide is affected. Urgent action is required. Expect continued volatility and call in now to reduce your risk.

The US$ is the “go to” currency in these uncertain times as risk aversion heightens and its safe haven status is much sought after. Sterling has lost a couple of cents against the US$ since the start of the week and it is difficult to see this momentum changing in the near term even though economic conditions in the US are far from rosy.

Commodity backed currencies have gained ground against sterling which is slightly perverse given increased risk aversion. I think it highlights how dependent the UK economy is on the euro zone whereas the commodity backed currencies are tied to China and its on-going growth.

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

2011-11-15T09:38:00.002Z

EURO/GBP - 1.1701
US$/GBP – 1.5906
CHF/GBP – 1.4539
CAN$/GBP - 1.6221
AUS$/GBP – 1.5661
ZAR/GBP – 12.7918
JPY/GBP – 122.49
HKD/GBP – 12.3798
NZD/GBP – 2.0521
SEK/GBP – 10.6811
AED/GBP - 5.843
US$/EURO - 1.3590

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 fell against the US dollar on Monday, mirroring the euro’s drop against the US currency as concerns over the euro zone’s huge debt problems continued to concern investors globally. Sterling – whilst a preferred option to the euro – is still seen as a riskier investment given the likelihood of further quantitative easing and a clouded outlook for the recovery. It was a relatively quiet data for data, with most investors holding out for the Bank of England’s quarterly inflation report, released on Wednesday. Markets will be looking for any signs of further downside risks for sterling and some analysts expect the UK’s growth outlook to be cut. Employment and retail sales figures later in the week could also weigh on sterling’s prospects – call in now for a live exchange rate to avoid losing out due to adverse market movements.

In the euro zone, there was a slight glimmer of hope yesterday after it was announced over the weekend that former European Commissioner Mario Monti would head up a new Italian government in order to end a crisis that has engulfed the whole euro zone. However, this optimism was short lived as Italy paid a record level of interest on a new 5 year bond auction and industrial production in the region recorded its biggest drop since the beginning of 2009, falling by 2%.

In the USA, stock markets fell as investors became unnerved by the Italian bond auction and sought safer havens in alternative asset classes. US government bond prices rebounded as markets looked to them as a safe haven. With the Swiss franc and Japanese yen no longer a viable option for investors after government intervention, the US dollar has become the only real ‘go-to’ on this front.

Elsewhere, the price of gold dropped on concerns over the euro zone crisis. It is generally indicative of the level of concern that if gold prices are dropping, investors really are worried. Around the time of the Lehman Bros, gold fell significantly. This is an interesting one to track with regard to market sentiment.

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

2011-11-14T10:18:00.002Z

EURO/GBP - 1.1617
US$/GBP – 1.5922
CHF/GBP – 1.4386
CAN$/GBP - 1.6201
AUS$/GBP – 1.5561
ZAR/GBP – 12.6682
JPY/GBP – 122.45
HKD/GBP – 12.3885
NZD/GBP – 2.0330
SEK/GBP – 10.5775
AED/GBP - 5.849
US$/EURO - 1.3701

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 strengthened against the US dollar on Friday as risk sentiment improved following expectations that Italy would push through austerity measures. In addition, positive US data helped risk appetite as investors felt happier about the global recovery. The recent volatility in the euro zone has also seen demand for UK government bonds increase and this should keep sterling relatively well supported against the euro – despite lacklustre domestic data. Out later this week we have the Bank of England’s quarterly inflation report which could be relatively downbeat and outline further quantitative easing dependant on the situation in the euro zone. In addition, there consumer confidence, retail sales and unemployment figures so call in now for a live exchange rate.

In the euro zone, whilst we start the week with new governments for both Greece and Italy, long term structural reform is needed in the region in order to improve the region’s prospects. Both interim governments are however unlikely to be able to push forward with the ‘harder’ spending reforms and as a result we could see elections early next year. In terms of data, it is a quiet start to the week followed on Tuesday by a whole raft of 3rd quarter GDP figures that are expected to show a significant drop in output in the last few months. Call in now for a live exchange rate.

In the USA, figures on Friday showed that US consumer confidence had improved to the highest level in 5 months, with more Americans feeling better about the economy. In terms of data, it is a relatively busy week with wholesale price inflation, retail sales figures and consumer price inflation. The US dollar has been incredibly sensitive to the situation in the euro zone so call in now for a live exchange rate.

Elsewhere, the minutes from the Reserve Bank of Australia’s last meeting are released later today. Following the last meeting in which interest rates were cut by 0.25%, the minutes should give an interesting idea of what would prompt another cut in rates. Call in now to protect yourself.

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

2011-11-11T10:26:00.002Z

EURO/GBP- 1.1671
US$/GBP- 1.5901
CHF/GBP- 1.4415
CAN$/GBP- 1.6244
AUS$/GBP- 1.5710
ZAR/GBP- 12.6581
JPY/GBP- 123.19
HKD/GBP- 12.3754
NZD/GBP- 2.0464
SEK/GBP- 10.6212
AED/GBP- 5.842
US$/EURO- 1.3607

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 dropped from earlier highs against the euro and slid lower against the US dollar after concerns over the euro zone led investors to pull back from exposure to riskier currencies. As had been expected, the Bank of England voted to keep interest rates on hold and keep the asset purchase programme on hold. Whilst this was a key event of the week, markets focussed much more on developments in the euro zone and more or less ignored the Bank of England meeting. It has been a turbulent week on the markets, with sterling hitting a 10 month high against the euro and numerous clients taking advantage of the better rates, now is a great time to call in and speak to one of the team about fixing in preferential rates.

In the euro zone, to say it has been a week of panic is an understatement. In the course of 10 days we have seen the leaders of 2 European countries ousted as they lose their majorities and the focus of the crisis shift rapidly and detrimentally to Rome. Italian borrowing costs shot through the roof – well beyond what are seen as ‘sustainable’ levels leaving many expecting the country would need a bailout. However, the country’s debt is too large to be bailed out by the EU – especially as Italy is meant to be contributing to the European Bailout Fund. Have we seen the beginning of the end for the euro? I’m sure we will know soon enough. Call in now for a live exchange rate.

In the USA, the US dollar has been the subject of ‘risk averse demand’ i.e. investors have been pulling out of high risk holdings and piling funds into the safe haven of US government bonds and cash. This has seen demand for US dollars jump and as such, sterling has had a poor week against the US dollar. Out later today there are consumer sentiment figures and the US markets are shut for Veteran’s Day which could increase volatility.

Elsewhere, sterling has had a good week against the ‘commodity’ currencies as investors pull out of riskier trades and back into the relative safety of the pound. In all this market turmoil and panic, I hope you can take a moment to reflect on this Remembrance Day Friday. Have a great weekend!

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

2011-11-10T09:45:00.001Z

EURO/GBP - 1.1761
US$/GBP – 1.5894
CHF/GBP – 1.4485
CAN$/GBP - 1.6297
AUS$/GBP – 1.5778
ZAR/GBP – 12.8150
JPY/GBP – 123.48
HKD/GBP – 12.3739
NZD/GBP – 2.0489
SEK/GBP – 10.6842
AED/GBP - 5.843
US$/EURO - 1.3514

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 hit the highest level against the euro for 8 months, but fell sharply against the US dollar after a torrid day on the markets which saw almost every major stock exchange sink deeply into the red as investors ran to safer assets. After a brief rally following the announcement of Silvio Berlusconi’s resignation, Italy’s borrowing costs surged to record levels as bond traders shunned the country’s debt and fled to safer options. Borrowing costs (yields) that are above 7% are generally seen as unsustainable and as such markets now expect Italy to need a bailout. This sent financial markets into a tail spin this afternoon and the UK’s prospects – whilst better than the euro zone – look bleak if the major trading partner of the UK grinds to a halt. Out later today we have the Bank of England’s monthly meeting so call in now for a live exchange rate.

In the euro zone, one of the major drivers of yesterday’s major movement on bond and currency markets was the announcement by euro zone officials that there were no plans for a financial rescue of Italy, which sent Italy’s borrowing costs skyrocketing as investors lost confidence that they would be repaid. The past 10 days is a reminder of what so many had feared – contagion. Greece was plastering the headlines last week and within 3 days, Italy is now the epicentre of the crisis. The euro sank to the lowest levels against the pound and US dollar in months. We are coming closer and closer to the fabled €1.20/£1 so call in now to take advantage if we see things move.

In the USA, stock markets tumbled on concerns over the European debt crisis with Italian borrowing costs seen as being at tipping point. Investors scrambled for US government bonds and cash which saw the US dollar strengthen significantly over the day – by over 1% against the pound. Call in now for a live price.

Elsewhere, China's annual inflation rate fell to 5.5% in October from 6.1% in September for a third straight month of decline from July's three-year peak and Premier Wen Jiabao said prices had fallen further since then. This fuelled expectations that China may start to loosen monetary policy as exporters feel the impact from slowing global growth. Call in now for a rate.

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

2011-11-09T09:57:00.002Z

EURO/GBP - 1.1648
US$/GBP – 1.6069
CHF/GBP – 1.4403
CAN$/GBP - 1.6265
AUS$/GBP – 1.5549
ZAR/GBP – 12.6567
JPY/GBP – 124.74
HKD/GBP – 12.4922
NZD/GBP – 2.0194
SEK/GBP – 10.5431
AED/GBP - 5.905
US$/EURO - 1.3782

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 strengthened against the euro and US dollar yesterday after solid economic data in the UK and further turmoil in the euro zone left the pound looking relatively good to investors. The National Institute of Economic and Social Research released data yesterday that showed that UK economic growth held steady at 0.5% in the 3 months to October. The figures helped calm fears that the economy could be heading back for recession. With the focus on Italy, the UK is perceived to have a much tighter grip on austerity measures than many of its counterparts across the globe. This is helping to boost demand for sterling so call in now for a live exchange rate.

In the euro zone, Rome has taken over from Athens as the focus of the euro zone debt crisis. Italian borrowing costs continued to surge, which means that the country could require a bailout that Europe cannot afford. Italian Prime Minister Silvio Berlusconi lost his parliamentary majority in a budget vote yesterday increasing pressure on him to resign his position. If he does resign, we could see the euro regain ground against the US dollar and sterling as many feel a change of leadership is what is needed. Call in now for a live exchange rate.

In the USA, stock markets were unchanged yesterday following the Italian vote that left the political situation looking rather cloudy in Europe – especially given the size of repayments that Italy has to make next year and the rate at which its borrowing costs are shooting up. Elsewhere, economic confidence dropped which is to be expected. Out later today, Fed chairman Ben Bernanke speaks so call in now for a live rate.

Elsewhere, the Canadian dollar fell overnight against its major counterparts as investors pulled back holdings in the riskier currency. Market turmoil caused by the euro zone is good for sterling against the more minor currency pairings e.g. the South African rand. Call in now to ensure you take advantage.

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

2011-11-08T09:45:00.002Z

EURO/GBP - 1.1658
US$/GBP – 1.6052
CHF/GBP – 1.4511
CAN$/GBP - 1.6322
AUS$/GBP – 1.5568
ZAR/GBP – 12.7580
JPY/GBP – 125.34
HKD/GBP – 12.4861
NZD/GBP – 2.0170
SEK/GBP – 10.5642
AED/GBP - 5.902
US$/EURO - 1.3768

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 fell off earlier gains against the euro on Monday as it tracked the euro’s marginal gains against the US dollar. Sterling was looking fragile against the US dollar for much of the day as investors preferred the safe haven of the US currency on concerns over the outlook for the UK recovery. The pound should remain strong against the euro as investors look for an alternative to the euro during the European debt crisis – especially given moves made last week to start cutting interest rates in the region. House prices in the UK showed signs of recovery yesterday and out later today we have manufacturing and industrial production figures so call in now for a live exchange rate.

In the euro zone, European shares and the euro made a slight recovery as news emerged over the weekend that the political turmoil in Greece seems to have been resolved with the announcement that a new ‘government of national unity’ would be formed and the now infamous PM George Papandreou would resign. Elsewhere though, yields on Italian bonds – i.e. the interest rate that the nation needs to pay to borrow – hit record highs yesterday as investors became more and more concerned that the country would fail to implement austerity measures. Today sees a crucial confidence vote for Silvio Berlusconi. Call in now for a live exchange rate.

In the USA, the US dollar continues to benefit from demand for safe haven assets as investors shy away from the perceived ‘riskier currencies’. Out later today there is some economic optimism data which will give an insight into the economic prospects however the mainstay of any US dollar movement is likely to be related to the euro zone.

Elsewhere, Chinese manufacturing figures expanded in October which was a positive sign that the world’s economic powerhouse is not being unduly impacted by the euro zone crisis. Positive data in China is linked to stronger ‘commodity linked’ currency rates so call in 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

2011-11-07T10:54:00.006Z

EURO/GBP - 1.1651
US$/GBP – 1.5986
CHF/GBP – 1.4420
CAN$/GBP - 1.6318
AUS$/GBP – 1.5538
ZAR/GBP – 12.7652
JPY/GBP – 124.98
HKD/GBP – 12.4326
NZD/GBP – 2.0173
SEK/GBP – 10.5960
AED/GBP - 5.877
US$/EURO - 1.3709

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 fell against the US dollar on Friday as investors looked to the safe haven US dollar on fears over the euro zone crisis, with investors particularly worried about a confidence vote in Greece. Against the euro, sterling strengthened and held above €1.16/£1. Furthermore, analysts expect sterling to gain further ground as interest rates in the euro zone start to come down. The Bank of England meets later this week, but the outlook for monetary policy is looking relatively stable in the UK versus Europe, which could bode well for sterling against the single currency. Industrial activity measures could potentially be a slight worry this week and as such we could see a contraction in growth heading into the beginning of 2012. Later in the week we have wholesale price inflation figures so call in now for a live exchange rate.

In the euro zone, it was a turbulent week last week with the shock announcement of a referendum initially and with the announcement over the weekend that a new ‘government of national unity’ will be formed and Prime Minister George Papandreou will step down when the deal is finalised. Over the weekend it was also announced that the European Central Bank could stop buying Italian bonds if it concludes that the country is not adopting the necessary austerity measures. It is a relatively quiet week for data, but there is a meeting of European Finance Ministers today that could see some movement. Call in now for a live exchange rate.

In the USA, the US dollar strengthened against ‘riskier’ assets on Friday as investors positioned themselves against potential losses ahead of Friday night’s vote of confidence in Greek PM George Papandreou. The US currency is experiencing strength related to a lack of confidence in the global recovery and could yet see further strength in the coming weeks so call in now to avoid losing out.

Elsewhere, there is a wide array of data released in China which many analysts expect will lead to the Chinese authorities removing some of their more restrictive policies. In particular, inflation is expected to drop and industrial production is also set to fall. Exports to Europe only account for around 15% of Chinese exports so the euro zone crisis is not expected to have too much of an impact. Call in now for a live exchange rate.
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

2011-11-04T10:43:00.002Z

EURO/GBP - 1.1586
US$/GBP - 1.5985
CHF/GBP - 1.4180
CAN$/GBP - 1.6220
AUS$/GBP - 1.5416
ZAR/GBP - 12.5982
JPY/GBP - 124.89
HKD/GBP - 12.4305
NZD/GBP - 2.0158
SEK/GBP - 10.5381
AED/GBP - 5.878
US$/EURO - 1.3790

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 gained against the euro and recovered against the US dollar yesterday, spurred on by growing turmoil in the euro zone over Greece and a surprise move by the European Central Bank to cut interest rates. It has been a mixed week for data in the UK this week with better than expected growth and construction numbers, but poor services and manufacturing data. However, the main driver of sterling this week has been the ongoing crisis in the euro zone and the shock announcement on Monday that Greece will hold a referendum on the bail out. Call in now for a live exchange rate and take advantage of the volatility.

In the euro zone, Monday’s shock announcement by the Greek Prime Minister George Papandreou sent panic through financial markets as a ‘no’ vote means that Greece would default on a large bond repayment in December and cripple financial markets. Whilst this was called off on Thursday, there is further political turmoil expected today with a strong chance that the PM will lose his majority. Concerns over high inflation in the region switched to concerns over growth yesterday as the new ECB President Mario Draghi announced his arrival at the ECB with a 0.25% rate cut. Volatility is set to remain high – call in and set a target price with on of the trading team.

In the USA, you might be forgiven for thinking that Europe has been the main focus for several weeks, but today sees the monthly release of key US data in the form of the ‘non-farm payrolls’ – seasonally adjusted employment figures that can have a large impact on economic expectations. Analysts are expecting a slight drop in the number of jobs added and expect the unemployment rate to remain at 9.1%. Call in now for a live exchange rate.

Elsewhere, sterling has made significant gains against ‘riskier’ currencies such as the South African rand and Scandinavian currencies as investors pull out of risky trades in the face of the European crisis. If you have Australian or New Zealand dollars to buy too, this is potentially a good time to be thinking about doing just that. Have a great weekend.

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

2011-11-03T09:48:00.002Z

EURO/GBP - 1.1615
US$/GBP – 1.5902
CHF/GBP – 1.4119
CAN$/GBP - 1.6219
AUS$/GBP – 1.5561
ZAR/GBP – 12.8182
JPY/GBP – 124.12
HKD/GBP – 12.3564
NZD/GBP – 2.0268
SEK/GBP – 10.5971
AED/GBP - 5.842
US$/EURO - 1.3672

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 regained some of the ground it lost against the US dollar on Tuesday as the surge in demand for safe haven assets waned, however the pound failed to capitalise on its move towards €1.17/£1. UK construction activity figures beat expectations, showing expansion against an expected decline. This helped investors to have more faith in the UK recovery, but it is still very fragile and subject to further shocks in future. Out later today we have UK services sector activity which is a key figure – GDP growth numbers showed an expansion in this sector so call in now to ensure you don’t lose out if the data undershoots expectations.

In the euro zone, with the G20 meetings getting underway in Cannes today there will certainly be a lot to talk about. Following the shock announcement by Greek PM George Papandreou that Greece will hold a referendum on the EU bailout, it was announced last night that this is to be held on the 4th December. Greece has €8.1bn worth of bond redemptions due on the 19th December and lacks the funds (without the bailout) to repay these. If the country votes no, it will not receive any funding and default. This has the potential to cause chaos in the markets – ensure you call in to protect yourself over the coming months.

In the USA, the US dollar continues to trade in response to the global risk sentiment and the currency made modest gains following on from the Federal Reserve’s FOMC statement which was broadly negative in its tone. There is key data released today so call in now for a live price.

Elsewhere, Scandinavian currencies and other risk based currencies have suffered as investors look elsewhere to invest on the news of the potential euro break down. Sterling has made gains across the board so call in now to speak to a trader for a price.

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

2011-11-02T09:31:00.000Z

EURO/GBP - 1.1617
US$/GBP – 1.5972
CHF/GBP – 1.4135
CAN$/GBP - 1.6245
AUS$/GBP – 1.5372
ZAR/GBP – 12.8252
JPY/GBP – 124.91
HKD/GBP – 12.4261
NZD/GBP – 2.0068
SEK/GBP – 10.5402
AED/GBP - 5.874
US$/EURO - 1.3724

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 surged to a one month high against the euro but slid against the US dollar as calls from Greek PM George Papandreou for a referendum on the EU bailout sent markets into chaos. Sterling fell just short of €1.17/ £1 as it hit €1.1697/£1 on the news. There was mixed data released in the UK yesterday, with manufacturing activity posting a sharp contraction against expectations leaving investors concerned over the UK recovery. UK GDP growth figures came in above expectations, showing 0.5% growth in the last quarter against an expectation of 0.4% however the data is notoriously inaccurate and subject to change at a later date. Yesterday is a prime example of why it is important to put a currency strategy in place to take advantage of large swings.

In the euro zone, Greek PM George Papandreou sent markets into a tail spin yesterday morning after calling for a referendum on the Greek bailout package. The implications of a potential ‘no’ vote are the likely bankruptcy of Greece and the country’s withdrawal from the euro – both of which are a worrying prospect. The euro did begin to recover slightly against the US dollar after Nicolas Sarkozy and Angela Merkel said they were committed to the deal agreed at last week’s EU summit. Call in now for a live exchange rate.

In the USA, stock markets took a hammering yesterday as the shock announcement sent investors fleeing to safer assets. The US dollar was a major beneficiary of the sudden flight to safety and it made gains against most currencies – especially with the Japanese yen and Swiss franc effectively no longer safe haven currencies due to government intervention. The US dollar gained by around 2 cents against sterling. Call in now for a live exchange rate.

Elsewhere, the Reserve Bank of Australia cut interest rates by 0.25% overnight into yesterday morning which helped to see sterling make gains against the currency. Sterling also strengthened against other ‘riskier’ currencies, breaking above ZAR 13.00/ £1 and NZ$2.00/ £1 against the South African rand and New Zealand dollar.

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

2011-11-01T10:35:00.001Z

EURO/GBP - 1.1620
US$/GBP – 1.6017
CHF/GBP – 1.4136
CAN$/GBP - 1.6090
AUS$/GBP – 1.5425
ZAR/GBP – 12.8425
JPY/GBP – 125.18
HKD/GBP – 12.4534
NZD/GBP – 1.9972
SEK/GBP – 10.5162
AED/GBP - 5.888
US$/EURO - 1.3769

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 hit the highest levels against the Japanese yen for 2 months after the Japanese authorities intervened to drive the yen lower. Against the US dollar, sterling came under pressure but held on to gains made on Friday and finished the day flat. The big move was against the euro, with sterling surging by close to 2%, hitting a high of €1.1594/£1 after yields (i.e. the borrowing costs paid) on Italian bonds surged – an indicator of investor fear over a potential Italian default as the country struggles to implement tough spending cuts. Out today there is house price data and the first estimate of 3rd quarter GDP for the UK so ensure you don’t lose out and call in to speak to one of the team.

In the euro zone, the euro fell against both the euro and US dollar on poor data and surging Italian bond yields. Figures showed Italian and European unemployment creeping up and lower than expected German retail sales figures. Data has been poor in the last month and many expect the European Central Bank’s meeting to be the main focus later in the week. If the ECB fails to take a looser stance with monetary policy we could see the euro lose ground. Call in now to take advantage of any favourable currency moves.

In the USA, the US dollar jumped to a 3 month high against the Japanese yen following Japan’s intervention in the currency markets over the weekend. Analysts estimated that the Bank of Japan intervened with a record $65-75bn in order to protect domestic exporters from record highs on the currency. The focus for the USA this week continues to be the Federal Reserve’s meeting that starts today. The Fed could potentially implement further monetary easing in the coming months, which could see the US dollar fall.

Elsewhere, tensions between China and the USA took another step yesterday as the USA accused China of failing to implement commitments over the opening of its financial services markets that it made 10 years ago in order to join the World Trade Organisation. The USA accused China of deliberately taking an unduly long time to approve requests by US companies to open branches in the country.

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

2011-10-31T09:25:00.001Z

EURO/GBP - 1.1428
US$/GBP – 1.6022
CHF/GBP – 1.3948
CAN$/GBP - 1.6012
AUS$/GBP – 1.5181
ZAR/GBP – 12.5240
JPY/GBP – 126.68
HKD/GBP – 12.4589
NZD/GBP – 1.9714
SEK/GBP – 10.3292
AED/GBP - 5.888
US$/EURO - 1.4020

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 gained against the US dollar on Friday afternoon in the wake of increased risk appetite following on from last week’s EU summit. The announcement that bondholders would take a 50% cut and that the EFSF would be boosted was given a positive endorsement by the markets, yet there are still further risks to come. The week ahead in the UK will see growth come back under the spotlight. Business surveys and the first estimate of 3rd Quarter GDP are expected to point towards to a weakening outlook, but last week saw improving figures on public finances which validates the coalition’s austerity measures. Volatility is expected to remain high so call in now for a live exchange rate.

In the euro zone, the big news of last week was the EU summit which – after being postponed – delivered on its main goals; agreement from bondholders on a 50% ‘haircut’ to repayment amounts and an expansion of the EFSF. However, with little detail announced over the implementation of these measures, some analysts remain anxious. Growth will be back on the agenda in Europe as well this week with a G20 meeting and region-wide business activity figures. Ensure you don’t lose out and speak to one of the team today.

In the USA, last week saw solid 3rd Quarter GDP growth figures and the coming week is expected to show improving manufacturing surveys. We also have the Federal Reserve’s monthly meeting and while no changes to monetary policy are expected, the meeting will give a good assessment of the Fed’s stance on the current outlook/ risks facing the US recovery. Friday sees the release of non-farm payroll data – a potential market mover. Call in to ensure you are protected.

Elsewhere, the Japanese government intervened over the weekend to weaken its currency after it hit a post-war high against the US dollar. The moves saw the currency weaken by as much as 5% as authorities moved in to prevent Japanese goods from being prohibitively expensive. Call in now for a live exchange rate.

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

2011-10-28T10:36:00.001+01:00

EURO/GBP - 1.1356
US$/GBP - 1.6054
CHF/GBP - 1.3887
CAN$/GBP - 1.5961
AUS$/GBP - 1.5072
ZAR/GBP - 12.4542
JPY/GBP - 121.95
HKD/GBP - 12.4958
NZD/GBP - 1.9656
SEK/GBP - 10.2248
AED/GBP - 5.798
US$/EURO - 1.4151

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 hit a 7 week high against the US dollar but dropped by around 1.5% against the euro as European leaders struck a deal on the euro zone debt crisis. The agreement saw risk appetite improve significantly and investors look to invest in the euro again. Sterling’s underperformance against the euro has been put down to a recent run of investors reversing ‘safe haven’ holdings in sterling as UK data underperformed and the Bank of England announced a 2nd round of Quantitative Easing. Sterling had held steady all week against the euro as investors awaited the results of the EU summit, however the announcement that came early 7 yesterday morning saw a large swing of volatility. One upside for sterling is that it may strengthen towards $1.63/£1 against the US dollar – call in now for a live exchange rate.

In the euro zone, the euro surged by 2% against the US dollar as investors traded on the optimism of the announcement of a solution to the euro zone debt crisis. After a night of deadlocked talks, markets hardly reacted at all, but when the US markets opened, the euro made ground breaking above $1.41/€1, coming within touching distance of $1.42/€1. Stock markets rallied around the world on the market optimism. Some analysts however are less than optimistic pointing to the lack of detail on implementation of the plan.

In the USA, with all eyes on Europe it was fairly easy to forget about important data released in the USA – 3rd Quarter GDP growth figures. The US economy grew at a pace that was expected by markets, delivering figures of 2.5% growth. This was boosted by an increase in consumer spending and other positive economic data, with unemployment claims decreasing by 2000 for the week. Call in now for a live exchange rate to avoid losing out.

Elsewhere, in other news this week, the New Zealand dollar strengthened against its counterparts as the central bank governor announced plans to potentially increase interest rates. The Japanese central bank announced a fresh round of 5 trillion yen’s worth of Quantitative Easing.

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

2011-10-27T09:00:00.000+01:00

EURO/GBP - 1.1418
US$/GBP – 1.5996
CHF/GBP – 1.4015
CAN$/GBP - 1.5980
AUS$/GBP – 1.5176
ZAR/GBP – 12.5250
JPY/GBP – 121.42
HKD/GBP – 12.4462
NZD/GBP – 1.9792
SEK/GBP – 10.3242
AED/GBP - 5.882
US$/EURO - 1.4022

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 fell off earlier highs against the US dollar yesterday as it followed the euro downwards against the US currency as markets nervously awaited the results from yesterday’s EU summit. After a night of deadlocked talks the EU summit finally delivered what most had been expecting – a 50% write down for holders of Greek bonds and a boost to the European Financial Stability Fund bringing it up to €1 trillion. Sterling is trading in a similar range as previous days this morning, but down against the euro as investors cautiously bought back into the euro on the news. There is limited data out today in the UK, so expect sterling to trade on market reaction to the summit.

In the euro zone, whilst there was an announcement that a decision had been reached on increasing the bailout fund and also recapitalising banks in the region to the tune of €106bn, there was no concrete plan for tackling the ballooning debt in less competitive European countries. After producing a (vague) austerity plan, Italian parliamentarians ended up brawling and grabbing each other’s throats – a photo that you will no doubt have seen by the end of today. Once again, the rhetoric was strong like most other EU summits, however there was a lack of detail that will see things drag on further. Call in now for a live exchange rate.

In the USA, the US dollar weakened against most of its major counterparts as investors felt happier taking risks. It was noticeable in the fact that the move was a gradual one – i.e. no-one is too sure what to make of the EU summit announcement, other than in principle it is a good thing. Cautious appetite for risk is likely to be the trading pattern today, so if you are buying US dollars, it may be a good time to do so. In addition, there was speculation yesterday that the Federal Reserve would announce another round of Quantitative Easing. Call in now for a live exchange rate – we could be in for further volatility today.

Elsewhere, Japan announced that it would expand its Quantitative Easing by another 5 trillion yen. This was in line with expectations and did lead to some yen buying. In addition, the New Zealand dollar strengthened as Reserve Bank Governor hinted at an interest rate increase.

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

2011-10-26T09:05:00.000+01:00

EURO/GBP - 1.1501
US$/GBP – 1.6019
CHF/GBP – 1.4048
CAN$/GBP - 1.6230
AUS$/GBP – 1.5431
ZAR/GBP – 12.6858
JPY/GBP – 121.73
HKD/GBP – 12.4598
NZD/GBP – 2.0080
SEK/GBP – 10.4914
AED/GBP - 5.888
US$/EURO - 1.3920

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 slipped against the US dollar, falling off a 6 week high as perceived ‘riskier’ currencies came under pressure on growing concerns over today’s EU summit. However, sterling was slightly higher against the euro, hovering around €1.15/£1 as optimism over a fully comprehensive solution slipped. Markets have overall been very quiet as investors tread water to see the results of the summit, with no-one willing to hold large positions in case the reaction causes large movements against them. This saw hardly any movement as Bank of England governor Mervyn King testified to the Treasury over the decision to restart Quantitative Easing this month. It is a relatively quiet day for data with the main focus being on the European summit so call in now for a live exchange rate.

In the euro zone, plans to announce a final rescue deal today seemingly hit further hiccups yesterday as it was announced that a key meeting of European economic and finance ministers has been delayed. This meeting would prepare the detail of any political decision, so the implication is that a full package will not be available to scrutiny today. Markets clung onto optimism that a solution will be reached, but the euro slipped away against the US dollar on poor US data. It goes without saying that today could be volatile so call in now to protect yourself.

In the USA, poor financial results from several companies combined with a sharp drop in consumer confidence figures to add to a cautious tone yesterday. Demand for US government bonds rose as investors looked for a safe haven ahead of today’s EU summit. In addition, the US dollar hovered around a record low against the Japanese yen on concerns over intervention by the Japanese authorities held back further purchases of the Japanese ultra-safe haven currency.

Elsewhere, the Vatican has finally waded into the debate over the credit crisis calling for sweeping reforms of financial markets and the creation of an ethical global authority to regulate financial markets.

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

2011-10-25T09:09:00.000+01:00

EURO/GBP - 1.1479
US$/GBP – 1.5956
CHF/GBP – 1.4114
CAN$/GBP - 1.6023
AUS$/GBP – 1.5295
ZAR/GBP – 12.6122
JPY/GBP – 121.58
HKD/GBP – 12.4186
NZD/GBP – 1.9872
SEK/GBP – 10.4772
AED/GBP - 5.866
US$/EURO - 1.3878

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 dropped against the US dollar yesterday, coming off a 6 week high of $1.6001/£1 as uncertainty over the European debt crisis put pressure on ‘riskier’ currencies. The poor appetite for risk and lack of any positive UK data meant that investors took profits from sterling’s earlier rally. With the UK exposed to the euro region, investors were increasingly negative over the pound’s prospects in the event that Wednesday’s announcement over the European debt crisis fails to deliver an effective solution. Out today we have UK current account data so call in now for a live exchange rate to ensure that you don’t lose out.

In the euro zone, the euro gained against the US dollar for most of the day as markets became cautiously optimistic about Wednesday’s announcement despite rumours of political bickering over the weekend and disagreement over several key parts of the package. Aside from the obvious focus on the debt crisis, there was mixed purchasing manager data from across the region which further added to the gloomy picture of European recovery. Call in now for a live exchange rate as there is likely to be further volatility surrounding Wednesday’s announcement.

In the USA, the US dollar was driven by risk appetite yesterday with US stocks performing well after positive earnings figures and a number of potential merger deals. The US dollar regained some of the ground lost earlier to the euro as doubts emerged surrounding the debt crisis package, however there was also some profit taking. Better than expected Chinese data helped ease concerns that the country’s economy was faltering and with many investors pinning their hopes on China to drive the global recovery this certainly helped.

Elsewhere, Japanese officials said that a strong yen was causing concern. Officials stated that the central bank would take action to curb excessive trading and speculative movements of the currency.

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

2011-10-24T12:44:00.000+01:00

EURO/GBP - 1.1482
US$/GBP – 1.5942
CHF/GBP – 1.4107
CAN$/GBP - 1.6057
AUS$/GBP – 1.5368
ZAR/GBP – 12.7542
JPY/GBP – 121.46
HKD/GBP – 12.4090
NZD/GBP – 1.9842
SEK/GBP – 10.4812
AED/GBP - 5.86
US$/EURO - 1.3860

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 strengthened to a 6 week high against the US dollar this morning as it tracked optimism that a deal would soon be reached to solve the European debt crisis. The weekend’s meetings of European officials (which had already been delayed by a week and was supposed to deliver a comprehensive solution by yesterday) has been met with cautious optimism by the markets, despite bickering and the postponement of the main announcement. Prime Minister David Cameron had issued a stark warning that the crisis was having a “chilling effect” on growth. In terms of data, it is a relatively quiet week with UK current account figures being the biggest event tomorrow. In addition, a number of policymakers from the Bank of England are making speeches which are likely to be followed closely.

In the euro zone, cracks appeared to be showing in Europe’s recent show of solidarity as politicians bickered and yet again pushed back the deadline for presenting a solution to the euro zone crisis. The divisions seem to revolve around the level of the ‘haircut’ required by holders of Greek government bonds. Several members are pushing for a 50% cut against the 21% that was announced in July. Despite the announcement of a ‘comprehensive solution’ being delayed yet again, markets are quite optimistic and as a result the euro has strengthened this morning. Call in now for a live exchange rate.

In the USA, the US dollar has come under pressure over the last few days as reports suggested that the Federal Reserve was preparing for a new round of Quantitative Easing and optimism over a potential debt deal for the euro zone built. This week we have consumer confidence, new home sales and advance GDP figures so call in now to ensure you don’t lose out.

Elsewhere, oil prices fell on the news of Colonel Gadaffi’s death on the expectation that oil production would be back to pre-conflict levels. This is unlikely to happen overnight, but supply should improve. Call in now for a live exchange rate.

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

2011-10-21T08:46:00.000+01:00

EURO/GBP - 1.1459
US$/GBP - 1.5771
CHF/GBP - 1.4029
CAN$/GBP - 1.6054
AUS$/GBP - 1.5561
ZAR/GBP - 12.8942
JPY/GBP - 121.15
HKD/GBP - 12.2819
NZD/GBP - 1.9934
SEK/GBP - 10.4523
AED/GBP - 5.799
US$/EURO - 1.3756

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 fell after an earlier rally against the US dollar yesterday, but gained against the euro after investors questioned how much progress would be made in the European debt crisis over the weekend. Sterling got an earlier boost against the US dollar as an unexpected jump in retail sales in the UK saw a short-lived rally die out following the view that this would do little to change the faltering UK recovery’s prospects. Sales rose by 0.6% but sterling is being bogged down by the possibility of more Quantitative Easing. Minutes from the Bank of England’s meeting this week showed the distinct possibility of further easing in the medium term. Call in now to ensure you don’t lose out.

In the euro zone, the euro has had a very volatile week ahead of Sunday’s European summit as traders speculated whether the summit will deliver a decisive solution to solve the region’s debt crisis. The ebb and flow between optimism over a comprehensive solution has contrasted with market rumours over German scepticism – especially from the country’s finance minister, leaving a very choppy market this week. This is set to continue into next week and no-one really knows the impact that the summit will have. If markets approve sterling could plummet (albeit briefly) against the euro, but if they do not, we could see a run into the 1.15’s. Ensure you are prepared and why not consider an order to buy to take advantage if the rate does move.

In the USA, data released earlier in the week showed that consumer prices increased by 0.3% but the ‘core’ (i.e. inflation that excludes volatile energy) price inflation only increased by 0.1%. Unemployment figures crept up slightly, but the major driver of the US dollar has been the market expectations with regards to the euro zone. The US dollar strengthened by 0.6% against the euro yesterday. There is serious volatility so ensure you speak to one of the team to ensure you are protected.

Elsewhere, sterling did make gains against ‘riskier’ commodity based currencies – notably the South African rand. Sterling gained by 2% to hit the highest levels against the rand since November 2009. It therefore goes without saying that if you need to buy South African rand, now is a great time.

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

2011-10-20T09:22:00.000+01:00

EURO/GBP - 1.1456
US$/GBP – 1.5708
CHF/GBP – 1.4238
CAN$/GBP - 1.6061
AUS$/GBP – 1.5435
ZAR/GBP – 12.6838
JPY/GBP – 120.65
HKD/GBP – 12.2328
NZD/GBP – 1.9821
SEK/GBP – 10.4530
AED/GBP - 5.776
US$/EURO - 1.3706

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 hit a one month high against the US dollar yesterday, helped by improved investor sentiment towards riskier assets. However, the rally ran out of steam as sterling broke through $1.58/£1 and investors took profits. Sterling strengthened despite minutes from the recent Bank of England meeting that showed real concern about the economic environment internationally – in particular the euro zone. In the medium term, sterling is likely to suffer as growth stagnates around the world. Out later today we have retail sales data that is expected to show no growth on last month as the impact of increasing energy bills bites. Call in now for a live exchange rate.

In the euro zone, the euro strengthened across the board on renewed hope that Sunday’s European summit will deliver a decisive solution to solve th region’s debt crisis. Optimism over the potential plan saw a euro rally that has continued despite the downgrade of Spain’s credit rating by rating agency Moody’s and attempts by the German finance minister to play down the optimism over Sunday’s meeting. Out today there is consumer confidence figures so call in now for a live exchange rate.

In the USA, data released yesterday showed that consumer prices increased by 0.3% but the ‘core’ (i.e. inflation that excludes volatile energy) price inflation only increased by 0.1%. The slower growth was to all extent ignored by the markets as investors focus on Europe. Out later today, we have unemployment claims figures, existing home sales figures and manufacturing figures so call in now to ensure you don’t lose out.

Elsewhere, a group of US governors visiting China skirted round the issue of bi-lateral trade frictions and instead focussed on pitching for investment that they hope will boost the fragile recovery back in the USA. The US senate approved a bill last week to put pressure on China to increase the value of the yuan that the USA feels gives it an international price advantage by between 15-40%. Call in now to speak to a trader.

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

2011-10-19T09:00:00.001+01:00

EURO/GBP - 1.1402
US$/GBP – 1.5716
CHF/GBP – 1.4147
CAN$/GBP - 1.5924
AUS$/GBP – 1.5389
ZAR/GBP – 12.5210
JPY/GBP – 120.87
HKD/GBP – 12.2498
NZD/GBP – 1.9732
SEK/GBP – 10.4232
AED/GBP - 5.784
US$/EURO - 1.3791

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 fell against the US dollar after UK annual inflation data broke above 5%, raising concerns over stagflation that saw many investors start to build bets against the pound. In addition, many expect today’s Bank of England minutes to be particularly negative after the extra £75bn of Quantitative Easing that was announced earlier in the month that saw sterling fall to a 14 month low against the US dollar. Key to the negative outlook for sterling is the fact that the price inflation is linked to commodity prices, not increased economic activity. Call in now for a live exchange rate.

It was a busy day in the euro zone, with German investor sentiment falling to the lowest level for 3 years. In addition, credit rating agency Moody’s warned that it may put a negative outlook on France’s Aaa credit rating in the next 3 months if the costs for bailing out banks stretch the country’s budget too much. There were also concerns over the supposed comprehensive plan to solve the sovereign debt crisis which is to be announced on Sunday. Call in now for a live exchange rate.

In the USA, the US dollar continues to react to headlines and rumours over the euro zone sovereign debt crisis. The volatility is exacerbated by a number of large companies reporting earnings to the stock markets including Goldman Sachs that posted a 3rd Quarter loss. Wholesale price inflation came in higher than expected. With consumer price inflation out today, there could be a lower risk of a 3rd round of Quantitative Easing.

Elsewhere, in Norway the Norwegian krone has gained by 2.4% in the last month on expectations of higher interest rates after the finance minister indicated the potential for higher rates. Stresses from the debt crisis still remain but call in 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

2011-10-18T09:29:00.001+01:00

EURO/GBP - 1.1470
US$/GBP – 1.5768
CHF/GBP – 1.4178
CAN$/GBP - 1.6132
AUS$/GBP – 1.5532
ZAR/GBP – 12.6345
JPY/GBP – 121.31
HKD/GBP – 12.2671
NZD/GBP – 1.9945
SEK/GBP – 10.5422
AED/GBP - 5.795
US$/EURO - 1.3732

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 slipped against the US dollar but gained against the euro yesterday after comments from a German policymaker deflated investor optimism over a potential euro zone bailout. As a result, investors reversed the sell off of US dollars that began over the weekend following positive comments from G20 finance ministers regarding a definitive euro zone package announcement at next weekend’s summit of European leaders. There was relatively little data released in the UK today, with investors awaiting key inflation and retail sales data later in the week which are expected to show that the UK recovery remains weak. Call in now for a live exchange rate to avoid losing out.

In the euro zone, the euro slid by 0.6% against sterling as investors looked to the relatively safer haven of sterling on the negative comments. Germany’s finance minister Wolfgang Schaeuble stated that Sunday’s summit of European leaders will not deliver a definitive solution to the region’s debt problems. Out later today there is German economic sentiment data that is a key measure of confidence in the region. Call in now for a live exchange rate.

In the USA, the US dollar strengthened against the euro, coming off a 1 month low against the single currency as investors became worried over Schaeuble’s comments over the European summit this coming Sunday. There is a wide array of data released later today in the USA including wholesale price inflation and some housing data. Ensure you don’t lose out and call in now.

Elsewhere, the Canadian dollar had a strong week last week as investors looked towards higher yielding growth linked currencies. However, with the reversal in risk appetite yesterday, sterling gained by 0.7% against the currency in a few hours. Ensure you stay on top and take advantage of movements like this by speaking to one of the team at Smart now.

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

2011-10-17T11:03:00.000+01:00

EURO/GBP - 1.1381
US$/GBP – 1.5820
CHF/GBP – 1.4077
CAN$/GBP - 1.5918
AUS$/GBP – 1.5429
ZAR/GBP – 12.3160
JPY/GBP – 122.53
HKD/GBP – 12.3090
NZD/GBP – 1.9670
SEK/GBP – 10.3960
AED/GBP - 5.795
US$/EURO - 1.3902

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 hit a one month high on Friday against the US dollar after stronger than expected US retail sales figures helped to boost global risk appetite. Sterling closed the week up by over 1.5% against the US dollar as investors pulled back bets against the pound, but the UK economy remains vulnerable. Growth is weak, public finances are still in a poor state and there is a large exposure to the euro zone which could have a large impact. One group of forecasters downgraded their expectations of UK growth to a mere 0.9% for 2011. It is a relatively quiet day for economic data, but later this week we have the Bank of England’s minutes from the recent meeting where they increased Quantitative Easing by £75bn.

In the euro zone, the euro has started relatively stronger this week after strong US retail sales data on Friday and positive comments from the G20 meeting over the weekend. The finance ministers pledged to ensure that banks were adequately capitalised and called for a comprehensive solution to the crisis to be announced at next week’s EU summit. In terms of data, there is construction activity data later in the week so call in now for a live exchange rate.

In the USA, strong retail sales figures on Friday saw the US dollar weaken over the weekend and markets are looking towards today’s industrial production number for further indications of better than expected growth in the last period. Positive comments regarding the euro zone should see risk appetite improve and the US dollar come under pressure. Later in the week there is housing data and unemployment figures so call in now for a live exchange rate.

Elsewhere, following the boost in risk appetite, the Australian dollar strengthened by 5.5% against the US dollar last week. Stronger employment figures reversed many analyst expectations of interest rate cuts and also helped boost the dollar’s prospects. Call in now to ensure you are not adversely affected by currency 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

2011-10-14T09:42:00.000+01:00

EURO/GBP - 1.1432
US$/GBP - 1.5756
CHF/GBP - 1.4148
CAN$/GBP - 1.6071
AUS$/GBP - 1.5557
ZAR/GBP - 12.3421
JPY/GBP - 121.44
HKD/GBP - 12.2720
NZD/GBP - 1.9812
SEK/GBP - 10.4710
AED/GBP - 5.79
US$/EURO - 1.3767

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 fell against the US dollar yesterday, tracking weakness in the euro and as concerns over the UK economy’s fragility impacted on sterling’s prospects. Last week’s shock move by the Bank of England to pump an additional £75bn into the UK economy through a second round of Quantitative Easing has also not helped sterling this week. However, the effect has been less detrimental to sterling than when QE was first introduced in 2008. With many developed countries staring down the barrel of further monetary easing, the pre-emptive moves by the Bank have been seen as a positive thing. Call in now for a live exchange rate.

In the euro zone, the euro fell off 1 month highs against the US dollar on Thursday as investors became concerned over European banks. In what has been a volatile week, Slovakia’s parliament eventually approved plans for the expansion of the European bailout fund after initially voting against the measures earlier in the week. Even with a strengthened bailout fund, European banks remain vulnerable as the ECB warned that any sovereign debt defaults would damage the credibility of the euro.

In the USA, it has been an interesting week, with tensions hotting up between the USA and China over a potential US bill to levy tariffs on Chinese imports in order to mitigate China’s artificially undervalued yuan that has damaged US manufacturers. China is the biggest holder of US government debt, so the US has to be careful not to cause an upset – especially given the funding difficulties faced earlier in the year. Call in now to ensure you don’t lose out.

Elsewhere, with the focus so heavily on the European debt crisis this week, the Australian dollar has been trading flat against the US dollar despite gaining initially following a decline in the unemployment rate for September. However, weak trade data from China damaged any further gains for the currency. Call in now for a live exchange rate.

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

2011-10-13T11:38:00.001+01:00

EURO/GBP - 1.1403
US$/GBP – 1.5722
CHF/GBP – 1.4098
CAN$/GBP - 1.6051
AUS$/GBP – 1.5467
ZAR/GBP – 12.3031
JPY/GBP – 121.25
HKD/GBP – 12.2342
NZD/GBP – 1.9811
SEK/GBP – 10.4038
AED/GBP - 5.776
US$/EURO - 1.3774

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 hit a 4 week high against the US dollar yesterday, falling just short of $1.58/£1 but closing the day up by over 1%. Sterling shrugged off figures that showed the highest level of unemployment since 1994 as investors seemingly reversed excessively short positions against the pound i.e. bought back sterling after betting it would fall. After an initial plummet in the value of sterling, markets have warmed to the Bank of England’s uncharacteristically proactive approach to monetary policy. With most other developed countries looking at further easing themselves in the coming months, the move doesn’t look as bad as it did the first time round. Cal in now for a live exchange rate as there is UK trade data released today which could cause some movement.

In the euro zone, the euro rallied against the US dollar, hitting a one month high against the US currency on hopes that (despite a ‘no’ vote) Slovakia’s parliament would approve an expansion of the European Financial Stability Fund, which is seen as a critical move in the survival of the euro zone. Some analysts feel that there are numerous political issues facing the region that mean the euro is marginally overvalued at its current price. Call in now for a live rate.

In the USA, analysts are becoming more and more concerned about growing tensions between the USA and China over a US bill to pressure China into allowing its currency to appreciate. The US argues that the undervalued yuan exchange rate harms US manufacturers by maintaining artificially cheap prices of Chinese goods. If the bill passes, the USA’s biggest creditor (China) could end up retaliating. Call in now for a live exchange rate.

Elsewhere, mining stocks gained yesterday on the gradual recovery of precious metal prices as expectations gained over a reversal of China’s recent poor data. The Australian dollar is closely linked to commodities so call in now for a live exchange rate.

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

2011-10-12T08:41:00.000+01:00

EURO/GBP - 1.1418
US$/GBP – 1.5594
CHF/GBP – 1.4144
CAN$/GBP - 1.6009
AUS$/GBP – 1.5743
ZAR/GBP – 12.2948
JPY/GBP – 119.57
HKD/GBP – 12.1314
NZD/GBP – 1.9876
SEK/GBP – 10.3982
US$/EURO - 1.3652

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 slipped against the US dollar yesterday after investors took profits from several days of gains and mixed data failed to stop concerns over poor UK economic data. An estimate of UK growth data for August showed industrial output exceeding expectations with a 0.2% increase but manufacturing growth showing a 0.3% contraction. Furthermore, comments from a Bank of England policymaker mean that UK monetary policy is set to remain loose for some time. Out later today we have the UK claimant count change, so call in now for a live exchange rate to avoid losing out to any adverse figures.

In the euro zone, the euro shed Monday’s gains against the US dollar as investors became concerned over a Slovak vote on changes to the European Financial Stability Fund appeared to hit snags. Also, whilst the ‘troika’ of the EU, IMF and ECB confirmed that the next tranche of Greek aid would be paid in early November, it warned that Athens had made patchy progress in meeting the terms of the bailout. Out today we have an array of industrial figures so call in now for a live exchange rate.

In the USA, the US dollar has stabilised over the past few days as fears over another recession subside following last week’s better than expected non-farm payroll data. The US dollar strengthened against the Swiss franc as investors moved out of the ultra safe Swiss currency.

Elsewhere, Turkey has made moves to defend the Turkish lira as investors pull back from emerging market stocks in the face of a European default. The Turkish central bank last week sold a record $1.1bn to keep the lira off record lows against the US dollar.

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

2011-10-11T09:57:00.000+01:00

EURO/GBP - 1.1454
US$/GBP – 1.5635
CHF/GBP – 1.4144
CAN$/GBP - 1.6126
AUS$/GBP – 1.5841
ZAR/GBP – 12.3352
JPY/GBP – 119.98
HKD/GBP – 12.1740
NZD/GBP – 2.0002
SEK/GBP – 10.4345
US$/EURO - 1.3626

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 fell dramatically against a much stronger euro yesterday as France and Germany announced a new plan to recapitalise European banks. Sterling made gains against the US dollar as a fresh wave of risk appetite saw investors reverse ‘safe haven’ positions in the US dollar. The lack of UK data meant that sterling’s moves were largely driven by swings in risk appetite. Sterling seems to have recovered from the knee jerk reaction to the additional £75bn Quantitative Easing that was announced last week as many analysts realise that the pre-emptive move by the Bank of England is actually quite positive. Out today we have key manufacturing production figures so call in now for a live exchange rate.

In the euro zone, the news of the pledge by the French and German leaders Nicolas Sarkozy and Angela Merkel was met with relief by many, seeing the euro strengthen by 1.5% against sterling and testing recent sterling lows. Whilst many hope the single currency to cling on, sentiment remains very fragile as European leaders have disappointed many times before. The most cynical of analysts will point to the fact that no concrete detail has been outlined. ECB president Trichet is speaking later today so call in now for a live exchange rate.

In the USA, stock markets rallied on optimism over a potential deal for Europe and the US dollar fell as investors moved out of ‘safe haven’ investments into other ‘riskier’ currencies. It is a relatively quiet day on the data front so call in now for a live exchange rate.

Elsewhere, Japan’s ruling party policy chief said Japanese yen selling and intervention was needed to counter an extreme appreciation of the yen. The Japanese yen has been considered a ‘safe haven’ currency and has seen huge appreciation over the last few months. Call in now for an exchange rate.

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

2011-10-07T10:41:00.000+01:00

EURO/GBP - 1.1540
US$/GBP - 1.5520
CHF/GBP - 1.4280
CAN$/GBP - 1.6134
AUS$/GBP - 1.5834
ZAR/GBP - 12.3315
JPY/GBP - 119.02
HKD/GBP - 12.0880
NZD/GBP - 2.0042
SEK/GBP - 10.5610
AED/GBP - 5.68
US$/EURO - 1.3432

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 fell to the lowest level against the US dollar for 14 months yesterday, hitting $1.5270/£1 against the US currency after the Bank of England surprised investors by announcing an additional £75bn of Quantitative Easing to help jump start economic growth. The scale of the additional QE was unexpected and highlighted the precarious state of the UK’s recovery as slowing global growth, tax hikes and spending cuts take effect. The flood of increased monetary supply is clearly negative for sterling, with many now expecting sterling to drop into the $1.40’s against the US dollar. Elsewhere this week, UK growth for the 2nd Quarter of this year was downgraded to a mere %. Out today there is wholesale price inflation, so ensure you protect yourself and speak to one of the team today.

In the euro zone, the euro held onto marginal gains overnight as the European Central Bank announced new lending measures to provide funding for banks well into next year. Whilst many investors were disappointed that the ECB didn’t cut interest rates, stock markets rallied. There is still a large amount of systemic risk in the region and the risk of large exchange rate movements remains. Get in touch for an exchange rate now.

In the USA, the US dollar made gains against sterling as investors sold the pound on the news over further Quantitative Easing. Many analysts are wary of growing friction between the USA and China over China’s currency peg against the US dollar. US lawmakers are set to bring in legislation to tackle what they feel is hugely undervalued Chinese yuan. Out today are non-farm payroll figures which can cause large amounts of volatility so call in now for a live price.

Elsewhere, Australia’s parliament looks set to join the USA in calling for an enquiry into Asian currency manipulation. Echoing the concerns felt in the USA, the Chinese are coming under pressure for keeping the yuan artificially low to ensure Chinese exports remain cheap. Call in now for a live exchange rate.

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

2011-10-06T08:55:00.000+01:00

EURO/GBP - 1.1552
US$/GBP – 1.5417
CHF/GBP – 1.4251
CAN$/GBP - 1.6047
AUS$/GBP – 1.5930
ZAR/GBP – 12.2889
JPY/GBP – 118.34
HKD/GBP – 12.0055
NZD/GBP – 2.0104
SEK/GBP – 10.5745
US$/EURO - 1.3341

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 slipped against the euro and US dollar yesterday after a mixed day of data left investors uncertain over the UK’s economic outlook ahead of this month’s Bank of England meeting later this morning. Early yesterday morning, final UK growth figures for the 2nd Quarter of 2011 were revised downwards to show a final figure of 0.1% growth. This significantly dampened prospects that the Bank would hold off on implementing a second round of Quantitative Easing. Despite this weak data, PMI sector activity data for the services industry beat expectations and showed growth. Sentiment towards sterling has taken a knock over previous weeks so call in now to ensure you don’t lose out to adverse currency exchange rates.

In the euro zone, European shares rebounded in early trading as news circulated of a pledge by European finance ministers to recapitalise the banking sector. This saw the single currency steady on the hope that this would help ease some of the concerns, after France and Belgium were forced to recapitalise Dexia bank – the first casualty of the sovereign crisis. Yesterday morning also saw investors awaking to the news that Italy had suffered a downgrade on concerns over next year’s funding situation. Call in now for a live exchange rate as the European Central Bank also meets today.

In the USA, mixed data kept the US dollar flat against the euro as figures showed a drop in the level of service orders, but showed an improvement in the ADP non-farm payroll data ahead of the ‘mainstream’ figures that are released on Friday. Markets felt better after Fed Chairman Ben Bernanke pledged to step in to aid the US economy if necessary. Call in for a live exchange.

Elsewhere, the euro hit the highest level against the Swiss franc for 2 weeks yesterday breaking above 1.23 as investors moved away from the safe haven currency on news over the potential recapitalisation of European banks.

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

2011-10-05T08:57:00.001+01:00

EURO/GBP - 1.1578
US$/GBP – 1.5432
CHF/GBP – 1.4220
CAN$/GBP - 1.6253
AUS$/GBP – 1.6141
ZAR/GBP – 12.5478
JPY/GBP – 118.41
HKD/GBP – 12.0182
NZD/GBP – 2.0254
SEK/GBP – 10.5872
US$/EURO - 1.3322

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 fell towards the lowest level against the US dollar for over a year yesterday as poor construction data saw investors drop the pound on fears of further Quantitative Easing. Construction activity came in worse than expected, showing the worst figures for 10 months. Any negative data has impacted on sterling as it reinforces the case for a further round of QE. The Bank of England meets on Thursday and could conceivably pump further liquidity into the UK to provide a boost to growth. On a positive note, sterling hit a high of €1.1717/£1 earlier in the day as euro zone leaders failed to quell concerns over the sovereign debt crisis, but fell off as risk aversion reversed later in the day. Call in now to discuss leaving orders to take advantage of volatile rates.

In the euro zone, after a poor initial start to the day, the single currency made large gains against both the US dollar and sterling as US Federal Reserve Chairman Ben Bernanke pledged that the Fed would support the economy, increasing bets that the US would launch a further round of QE. In addition, European leaders delayed a decision on Greece’s next tranche of bailout funds. The vote was originally planned for yesterday, but has been delayed twice. Call in now for a live exchange rate.

In the USA, Fed Chairman Ben Bernanke’s comments gave a large boost to risk appetite, as he stated that the Fed would be prepared to take strong action to help promote a stronger recovery. It gave markets confidence that the Fed did in fact have further options available, despite already having completed 2 rounds of Quantitative Easing. Call in now for a live exchange rate.

Elsewhere, the Swiss franc fell against the US dollar and euro, with the US dollar hitting the highest level for 6 months on rumours that the Swiss National Bank would amend the recent currency exchange rate to weaken the franc further. 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

2011-10-04T08:43:00.001+01:00

EURO/GBP - 1.1682
US$/GBP – 1.5444
CHF/GBP – 1.4194
CAN$/GBP - 1.6250
AUS$/GBP – 1.6214
ZAR/GBP – 12.6740
JPY/GBP – 118.46
HKD/GBP – 12.0350
NZD/GBP –2.0357
SEK/GBP –10.6370
US$/EURO - 1.3214

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 fell against the US dollar yesterday, hitting a low of $1.5450/£1 as investors became increasingly convinced that the Bank of England is likely to announce some form of Quantitative Easing in Thursday’s monetary policy committee meeting. UK data surprised the markets, with manufacturing activity showing a marginal expansion against analyst expectations of a contraction in activity over the previous month. Services sector data is released on Wednesday and with the economy struggling, this is expected to be poor. Sterling did however hit the highest level against the euro since March, coming just short of €1.17/£1 as investors became more and more concerned with the debt crisis in the euro zone.

In the euro zone, debt concerns in the region continued to dominate currency market movements, with investors taking a risk adverse stance for the start of the week. The euro fell to the lowest level against the Japanese yen since June 2001 as investors looked to safer haven currencies as European policymakers looked to thrash out a deal to solve the crisis. In addition, monetary policy is back on the agenda, with many expecting the ECB to look to cut interest rates as early as this week. Ensure you call in now for a live exchange rate.

In the USA, manufacturing figures followed the UK in beating expectations and showing an improvement contrasting with a slowdown in Chinese manufacturing. The US dollar hit an 8 ½ month high against the euro on concerns over the debt crisis. Many analysts feel that the euro is set to fall much further against the US dollar, exemplified by the number of bets against the euro. Later this week we have key non-farm payroll figures, so ensure you don’t lose out to adverse movements by speaking to one of the team today.

Elsewhere, as a result of the euro zone crisis and concerns over a cooling of growth in China, the risk sensitive Australian dollar fell to a 10 month low against the US dollar. A slowdown in China will affect demand for Australian commodities and as such, dent Australian prospects. Call in now for a price.

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

2011-10-03T09:46:00.000+01:00

EURO/GBP - 1.1626
US$/GBP – 1.5512
CHF/GBP – 1.4135
CAN$/GBP - 1.6288
AUS$/GBP – 1.6116
ZAR/GBP – 12.5732
JPY/GBP – 119.40
HKD/GBP – 12.0892
NZD/GBP - 2.0388
SEK/GBP - 10.7280
US$/EURO -1.3328

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 strengthened against the euro on Friday, breaking above €1.16/£1 as the ECB converted several billion euros into sterling for this year’s Single Farm Payment. The euro zone crisis was a key driver of currency exchange last week and as a result of risk averse buying, sterling fell against the US dollar leaving the pound currently trading in the $1.55/£1 range. There is a wide array of data for the UK today including manufacturing activity data (which is expected to show contraction) and also Chancellor George Osborne speaks at the Conservative party conference. Later in the week the Bank of England meets to discuss interest rates. For the first time in a while there is a real chance that we may see further Quantitative Easing to give the economy a boost. Call in now for a live exchange rate.

Over the weekend in the euro zone the Greek government approved additional austerity measures for €6.6bn but confirmed that its 2011 deficit target of 7.6% GDP is likely to be missed. In addition, the German government ratified the recent decision on the European Financial Stability Fund. Whilst Greece’s announcement is likely to cause concern in the markets, many feel that Greece will still receive the next tranche of bailout funds in the coming days. Ensure you don’t lose out due to poor exchange rates and speak to one of the traders now.

In the USA, the US dollar had a strong day on Friday as it benefited from safe haven demand – i.e. investors look to the safest currency to avoid losing their money. This risk aversion was driven by concerns over the euro zone, but more so by potentially weak manufacturing data from China. With so many relying on China to drive the global economic recovery, faltering growth and soaring inflation in the country is causing concern. There is US manufacturing figures out later today so call in now for a quote.

Elsewhere, Polish authorities intervened last week in the currency markets after the Polish zloty fell to a 27 month low against the euro. This demonstrates the level to which authorities are concerned over the level of growth. Call in now to discuss your exchange rate strategy.

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

2011-09-30T08:58:00.000+01:00

EURO/GBP - 1.1504
US$/GBP - 1.5546
CHF/GBP - 1.4038
CAN$/GBP - 1.6202
AUS$/GBP - 1.5982
ZAR/GBP - 12.4075
JPY/GBP - 119.21
HKD/GBP - 12.1138
NZD/GBP - 2.0332
SEK/GBP - 10.6732
AED/GBP - 5.71
US$/EURO - 1.3492

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 climbed by 0.7% against the US dollar as rumours the Swiss National Bank may raise its amount of sterling holdings increases. The pound however, fell by 0.4% against the euro after German parliament voted in favour of approving another Euro zone rescue fund. This week has shown significant signs that sterling is in fact being led around by other currency pairs which makes its movement difficult to predict. Data out yesterday showed UK house prices rose by 0.1%. According to Nationwide, house prices are likely to remain stable until the end of 2011. Call in now for a quote.

In the Euro zone, the euro rose by 0.6% versus the US dollar after German policy makers approved an expansion of the euro zone bailout package. The measure passed with 523 votes in favour and 85 against. Though it was a largely expected decision, tension was still high. Germany will now put up €211 billion instead of €123 billion. Though the common currency seemed to be going rather steady this week, we may see it strengthen further as many feel the correct measures to solve the crisis are finally being taken. Data yesterday showed Germany’s unemployment rate decreased and is at its lowest level in two decades. Out today are Euro zone unemployment figures. Call in now for a live rate.

In the US, the US dollar rose by 0.5% against the yen whilst it made slim losses versus the euro. There was some good news for the US yesterday with GDP figures showing the economy has grown 1.3% for the second quarter. Additionally, jobless claims decreased from last week. Despite this, the US dollar still slipped 0.2% against a basket of currencies. Many think that the appeal for the US dollar as a safe haven currency is being undermined by the possibility of further quantitative easing from the Federal Reserve next week. Out today are figures for US personal income and spending for the month of August. This may cause significant movement, so call in now for a rate.

Elsewhere, the Canadian dollar weakened against the US dollar yesterday as
the prices of commodities sold by Canada rose 0.5% from last month. Canada’s annual inflation rate reached 3.1% for August. Out today are Canada’s GDP figures. Call in now for a quote.

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

2011-09-29T09:02:00.000+01:00

EURO/GBP - 1.1474
US$/GBP – 1.5616
CHF/GBP – 1.4011
CAN$/GBP - 1.6118
AUS$/GBP – 1.5944
ZAR/GBP – 12.2687
JPY/GBP – 119.58
HKD/GBP – 12.1791
NZD/GBP –2.0055
SEK/GBP – 10.5988
US$/EURO - 1.3602

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 remained steady against the US dollar yesterday and was slightly down versus the euro. With increasing market rumours that Greece will hold off on a default, market players felt somewhat confident and invested in riskier currencies. Expectations the Bank of England will put more quantitative easing on the table continues. Due to this, the pound is likely to remain weak for some time. Out today is net consumer credit for the month of August. Call in now for a rate.

In the Euro zone, the euro rose 0.5% versus the US dollar and the pound. This was largely due to cautious optimism that the correct measures are now being taken to handle the debt crisis. Yesterday, German Chancellor Angela Merkel announced she will wait for a report on Greece’s progress before deciding on whether Germany will help fund a second bailout package. Germany is feeling the stresses of having to bailout financially weak countries, however, many feel Greece will meet targets and as a result, Germany will approve. Out tomorrow is German retail sales data. Call in now for a quote.

In the US, the US dollar weakened versus the euro due to a slight rise in risk appetite. The US dollar also made slim losses versus sterling. The latest economic data revealed US durable goods orders declined by 0.2% in August. This was mostly due to a decrease in demand for cars. Though it was in line with expectations, many are concerned that the US economy is not on a robust recovery, especially when housing and consumer confidence data is low. Out today are GDP figures, this may cause significant movement, so call in now for a rate.

Elsewhere, China allowed the yuan daily currency peg reference rate to strengthen to its highest level since July 2005. The country remains determined to regulate inflation by having a stronger currency and this will be seen as a positive move by the US who have been arguing for a stronger yuan for years. Call in now for a quote.

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

2011-09-28T09:27:00.000+01:00

EURO/GBP - 1.1506
US$/GBP – 1.5634
CHF/GBP – 1.4059
CAN$/GBP - 1.6003
AUS$/GBP – 1.5822
ZAR/GBP – 12.2840
JPY/GBP – 119.71
HKD/GBP – 12.1941
NZD/GBP –1.9901
SEK/GBP –10.5712
US$/EURO - 1.3580

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 strengthened against the US dollar yesterday, following gains by the euro, as a rebound in global stock markets increased risk appetite and boosted confidence in sterling. There was a cautious optimism amongst investors that European policymakers were putting together a more solid plan to resolve the debt crisis, however, with nothing concrete announced, this was merely speculation. Sterling was up by 0.7% against the US currency and relatively flat against the euro, having earlier broken above the €1.15/£1 level. UK retail sales were disappointing, coming in at a 16 month low. Out today we have house price figures so call in now for a live exchange rate.

In the Euro zone, the euro rose against the US dollar on Tuesday. This was largely due to optimism that European policy makers are coming close to taking control of the on going debt crisis. There is speculation that the measures put forth have eased fears of a euro zone collapse. Data for German consumer confidence came in better than expected, despite fears of a looming recession and collapsing euro. The situation is very complex and as a result, no magic bullet will resolve the situation. Consequently, policymakers are locked in debate as to the best way forward. Call in now to ensure you don’t lose out.

In the US, the US dollar extended gains versus the euro and the yen as investors are becoming increasingly optimistic that a solution for the euro debt crisis is near. The US dollar fell by 0.7% against the common currency, but rose by 0.4% versus the yen. Data yesterday showed US consumer confidence edged slightly higher, however, it remained relatively unchanged since August. These figures suggest spending in the US is fragile and the economic environment is still weak. Out today are US durable good orders for August. Call in now for a live rate.

Elsewhere, the Swiss franc declined versus the US dollar due to a drastic drop in Switzerland’s consumer demand which almost hit a 2 year low in August. There are concerns that Switzerland’s economy is slowing down due to the franc’s increase in value which has in turn hurt the nation’s demand for exports. The yen on the other hand has strengthened 6% this year. Out today are figures for Japan’s large retailer’s sales, this may cause significant movement so call in now for a quote.

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

2011-09-27T09:00:00.001+01:00

EURO/GBP - 1.1498
US$/GBP – 1.5568
CHF/GBP – 1.4041
CAN$/GBP - 1.5965
AUS$/GBP – 1.5765
ZAR/GBP – 12.3641
JPY/GBP – 118.86
HKD/GBP – 12.1334
NZD/GBP – 1.9782
SEK/GBP – 10.5838
US$/EURO - 1.3536

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 appreciated by 0.7% against the euro yesterday as concern over the European debt crisis increased demand for the pound. Sterling also strengthened by 0.7% versus the US dollar. Despite these glimpses of strength, the pound is still suffering from last weeks’ one year low of $1.532/£1 and is increasingly under pressure from last week’s Bank of England minutes. The prospect of more monetary easing is likely to weaken sterling, making it less appealing for investors. Out today is Nationwide housing data which will indicate whether the price of housing has risen/ fallen in comparison to last year. Call in now for a rate.

In the Euro zone, the euro extended its losses against the US dollar after depreciating by 0.5%. The common currency also hit a decade low versus the yen. A key German Sentiment Survey came in higher than expected, but figures were still lower than last month. As Germany is one of the world’s largest exporters of manufactured goods, there is a slight worry that trading conditions may be slowing down. Whilst the euro made gains off this data, they were only temporary as there are severe concerns that the measures proposed from Sunday’s G20 meeting will not be enough to tackle the euro debt crisis. Investors expect a lot of volatility so call in now for a live rate.

In the US, the US dollar slipped 0.4% versus the yen and made slim gains against the euro. US new home sales data came in as expected but figures are still at a six month low. It has become evident that despite low mortgage rates, Americans are flocking towards renting or buying second hand homes which are much cheaper. These figures should not come as a surprise as homebuilder sentiment is also at record lows. Out today is US consumer confidence, this could cause significant movement so call in now for a quote.

Elsewhere, the Canadian dollar depreciated by 0.8% to the US dollar. This is largely due to investors now seeking refuge in the greenback. The Swedish krona on the other hand was one of the best performers compared to other major currencies, strengthening 0.9% against the US dollar. The Norwegian krone also rose 0.8% against the greenback. Call in now for a live rate.

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

2011-09-26T09:54:00.001+01:00

EURO/GBP - 1.1517
US$/GBP – 1.5456
CHF/GBP – 1.4044
CAN$/GBP - 1.6005
AUS$/GBP – 1.5994
ZAR/GBP – 12.8145
JPY/GBP – 117.97
HKD/GBP – 12.0527
NZD/GBP– 2.0122
SEK/GBP– 10.7488
US$/EURO - 1.3406

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 gained against the US dollar on Friday afternoon as investors took profits from the US currency’s earlier rally, but the pound remained close to a one year low on concerns over the global economic outlook. The pound also strengthened against the euro on speculation that Greece will not be able to secure another bailout package. These gains however were temporary as concerns over global economic growth continue. Data on Friday showed mortgage approvals in the UK increased by 14% from last year, with lenders granting up to 35,226 new loans to purchase homes. Out this week there is more housing data which may cause significant movement so call in now for a live rate.

In the Euro zone, the euro rose by 0.6% against the US dollar rebounding after an 8 month low. This was largely due to G20 policy makers’ meeting in Washington where they agreed to take the necessary measures to prevent the European debt crisis from undermining the financial market and the banks. Though this may have helped the common currency on Friday, investors are still uncertain that the measures put forth will be able to contain the debt crisis from spreading, not only to peripheral countries, but on a global basis. Reports over the weekend suggest that euro zone leaders are ready to throw trillions of euros at the debt crisis – call in now for a live exchange rate.

In the US, the US dollar extended losses versus sterling and the euro as market players placed bets on the greenback’s rally on Thursday. The US dollar also weakened against the yen trading at almost post World War II lows. The US dollar-yen relationship is a good indicator of how much or how little safety investors think they need. US stocks plunged again on Friday as there are growing fears of global economic stagnation. Out tomorrow is US consumer confidence data which will show how comfortable the public are with their spending. Call in now for a rate.

Elsewhere, the rand weakened 4.5% against the US dollar on Friday. South Africa’s central bank also left lending rates at a 30 year low of 5.5% to slow down any further price pressures. The yen on the other hand is strengthening on the back of economic turmoil. In fact, the yen has appreciated 11.4% in three months. Investors seek safety in the yen due to its surplus on current accounts. Call in now for a rate.

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

2011-09-23T08:15:00.000+01:00

EURO/GBP - 1.1395
US$/GBP - 1.5420
CHF/GBP - 1.3930
CAN$/GBP - 1.5795
AUS$/GBP - 1.5694
ZAR/GBP - 12.7240
JPY/GBP - 117.65
HKD/GBP - 12.0280
NZD/GBP - 1.9635
SEK/GBP - 10.5295
AED/GBP - 5.665
US$/EURO - 1.3522

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 lose ground against the US dollar on increased risk aversion and worries about the UK economy reaching its lowest level since December last year. Wednesday’s Bank of England minutes made it clear that further quantitative easing was likely and increased speculation over a possible interest rate cut from the current 0.5%. Out yesterday were UK factory export order figures which came in weaker that expected. Out today is house purchasing data for the month of August. This may cause significant movement so call in now for a live rate.

In the Euro zone, the euro weakened against the US dollar being down 0.9%- the weakest level since January 2011. It also reached a 10 year low versus the yen. The Federal Reserve’s announcement which hinted that the global economy is headed for a recession led to increased risk aversion which meant that riskier assets such as the euro were sold. Even with Greece repaying two bond coupons at the start of this week, it has still not been enough to ease concern of Greece defaulting, especially when crucial data came in weaker than expected this week. Call in now for a quote.

The US dollar made significant gains against a basket of currencies hitting a 7 month high versus the euro. After the Federal Reserve’s bleak economic outlook, investors retreated to the safe haven US dollar, as is does in times of market turmoil. This weeks Federal Reserve meeting unveiled a strategy called ‘operation twist’ which could potentially boost the US housing sector by bringing down long term interest rates. Many are already unsure if this programme will work. Call in now for a live rate.

Elsewhere, Australia’s dollar depreciated 2.7% against the US dollar. Despite this, Australia’s GDP increased more than expected in the last quarter, due to a rise in consumer spending. The New Zealand dollar also extended losses versus the greenback as China’s manufacturing figures are predicted to be weak for this month. Call in for a live quote.

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

2011-09-22T08:42:00.000+01:00

EURO/GBP - 1.1416
US$/GBP – 1.5491
CHF/GBP – 1.3961
CAN$/GBP - 1.5671
AUS$/GBP – 1.5473
ZAR/GBP – 12.7145
JPY/GBP – 118.71
HKD/GBP – 12.0830
NZD/GBP – 1.9418
SEK/GBP – 10.5346
US$/EURO - 1.3554

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 had a rocky day yesterday after the Bank of England minutes showed policymakers leaning towards another round of quantitative easing. This caused the pound to hit an 8 month low versus the US dollar and a 2½ year low against the yen. The minutes revealed that policy makers’ outlook on a robust UK recovery is deteriorating with monetary easing likely to come into practice as soon as October. Data out yesterday also showed UK government borrowing rose unexpectedly in the month of August by £1.9bn. Out later on tomorrow are housing figures. Call in now for a quote.

In the Euro zone, the euro fell 0.8% versus the US dollar whilst falling 1.4% over the past month among 10 developed nation currencies. Investor worry that Greece may default on its debt is still the focal concern. Greek government bonds also fell yesterday whilst Euro zone policy makers organise another meeting in Athens to try and resolve the country’s crisis. Out today there is German manufacturing data. As the largest economy in the Euro zone, this may cause significant movement, so call in now for a rate.

In the US, the US dollar appreciated 0.2% versus the euro as pressing concern over the Greek crisis continues to push investors towards safe haven currencies. Better then expected housing data came in yesterday with existing home sales increasing 7.7% since last month. Analysts have argued that it is largely due to a rise in the cost of rent. Many are waiting for the result of the Federal Reserve’s two day meeting which concludes today. Market players are expecting the Federal Reserve to announce further monetary easing for the US economy. Call in now for a quote.

Elsewhere, the New Zealand dollar depreciated versus the US dollar yesterday after data demonstrated the nation’s deficit widened more than expected. Due to the Euro zone crisis deepening and a slow down in the demand for goods, the Norges Bank left interest rates unchanged at 2.25%. Call in now for a live rate.

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

2011-09-21T09:03:00.000+01:00

EURO/GBP - 1.1461
US$/GBP – 1.5690
CHF/GBP – 1.4052
CAN$/GBP - 1.5591
AUS$/GBP – 1.5265
ZAR/GBP – 12.1055
JPY/GBP – 119.81
HKD/GBP – 12.2264
NZD/GBP – 1.9076
SEK/GBP – 10.4054
US$/EURO - 1.3686

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 was up 0.1% versus the US dollar yesterday regaining ground from Monday’s 8 month low of $1.563/£1. This increase was largely due to a slight rise in risk appetite. Against the euro however, the pound was flat and hit a day low of €1.144/£1. Out later today we have the BoE (Bank of England) minutes which will determine whether more policy makers want to push forth for another round of quantitative easing. If this is the case, it will not only expand the BoE’s balance sheet, but may have a negative impact on sterling, so call in now for a rate.

In the Euro zone, the euro fell slightly versus the US dollar after rating agency S&P downgraded Italy. Weak German data did not help the single currency either. German investor sentiment fell to its lowest in 3 years whilst German producer price index dropped 0.3%. On a more positive note, Greece declared that it has paid off two bond coupons worth 769 million euros. Worry over Greece’s ability to meet targets is still present. Out today is Euro zone industrial orders. Call in now for a quote.

In the US, the US dollar was up against the euro but slipped 0.1% versus a currency basket. Housing data out yesterday showed an unexpected 3.2% rise in building permits for the month of August, reaching the highest level since January 2011. Many are waiting for the today’s announcement by Federal Reserve officials which may signal a third round of quantitative easing to decrease unemployment in the US. Just like the UK, if this measure were to be put in place, it would without a doubt dilute the value of the US dollar. Call in now for a live rate.

Elsewhere, the safe haven Swiss franc weakened by 0.5% against the euro and 0.7% to the US dollar. This is likely to be due to market rumours that the Swiss National Bank may increase its previous euro intervention of €1.20 to €1.25. The Australian dollar also regained ground yesterday as global stocks rebounded in addition to commodities. Call in for a quote.

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

2011-09-20T08:50:00.000+01:00

EURO/GBP - 1.1502
US$/GBP – 1.5680
CHF/GBP – 1.3874
CAN$/GBP - 1.5557
AUS$/GBP – 1.5361
ZAR/GBP – 12.1088
JPY/GBP – 119.93
HKD/GBP – 12.2245
NZD/GBP – 1.9142
SEK/GBP – 10.5282
US$/EURO - 1.3628

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 depreciated against the yen, hitting its lowest in over 2 ½ years. Despite this, the pound strengthened against the euro for a second day after data from the UK’s top property website, Rightmove Plc showed 0.7% increase in house values for September. Also out today was the BoE’s (Bank of England) quarterly bulletin which indicated that the quantitative easing programme introduced in March 2009 has raised UK GDP by 2%. Out tomorrow is the BoE’s minutes from this month’s meeting. Call in now for a rate.

In the euro zone, concerns over Greek default continue. European stocks terminated their four day rally whilst the common currency depreciated 1.4% against the US dollar. Many are worried that Greece will not meet the conditions of rescue loans. If this is the case, the country will not receive its sixth tranche of loans to prevent default. Additionally, with Germany’s ruling coalition receiving another electoral defeat, public dissatisfaction with Merkel’s choices regarding the euro zone is being becoming evident. Out today is German Producer Prices. Call in for a live exchange rate.

In the US, the US dollar rallied against the Swiss franc due to growing concerns over a Greek default. Though the Swiss franc is the ‘go to’ currency in times of turmoil, the Swiss National Bank’s recent decision to weaken the currency against the euro has inadvertently pushed more investors towards the US dollar. Yesterday President Obama called for tax increases (mostly targeting high earners) as another part of his plan to cut the US deficit. Out tomorrow is the Federal rate decision. This may cause significant movement so call in now for a rate.

Elsewhere, the rand depreciated to a one year low versus the US dollar. The South African currency fell as much as 2.1%, the weakest level since July 2010. Asian currencies also weakened, particularly South Korea’s won. There is increasing worry that Europe’s debt crisis is restricting global economic growth and in turn damaging the region’s exports. Out tomorrow is Canada’s Consumer Price Index. Call in now for a live rate

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

2011-09-19T09:19:00.001+01:00

EURO/GBP - 1.1481
US$/GBP – 1.5732
CHF/GBP – 1.3869
CAN$/GBP - 1.5468
AUS$/GBP – 1.5340
ZAR/GBP – 11.8562
JPY/GBP – 120.84
HKD/GBP – 12.2635
NZD/GBP – 1.9115
SEK/GBP – 10.5442
US$/EURO - 1.3684

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 regained ground versus the US dollar after hitting a session low of $1.574/£1. The pound also rose by 0.7% against a weaker euro. This is largely due to investors still uncertain on whether EU policy makers are taking sufficient steps to tackle the Euro zone debt problem. Despite sterling making these slim gains, there is still growing sentiment that another round of quantitative easing will be introduced by November to help revive Britain’s economy. Out this week are The Bank of England’s minutes. Call in now for a rate.

In the euro zone, the euro was down 0.7% against the US dollar after European finance ministers provided no indication of giving extra support to lenders. German Chancellor Angela Merkel also reiterated her objection to euro bonds on Friday. On the other hand, there is increasing speculation that all efforts are being undertaken by euro zone governments and we could see the common currency stabilise. Out this week we have German Producer Prices for the month of August. Things may become unpredictable so call in now for a live exchange rate.

In the US, the dollar rose 0.1% against the safe-haven Japanese yen. However, investors are still reluctant to take long positions in the dollar particularly ahead of the Federal Reserve’s September policy meeting scheduled for tomorrow and Wednesday. Investors are expecting the Federal Reserve to intervene in some form to stimulate the sluggish US economic growth. Many think borrowing costs for bonds will be kept low so as to support the US economy. Out this week there are US building home permits and home sales data. Call in now for a quote.

Elsewhere, the rand declined for a second week in a row and fell 0.9% to the US dollar. This is largely due to the deepening of the euro zone crisis which is slowing global economic growth. If the rand continues to decline, it will also eliminate the possibility of a cut in interest rates. On the contrary, Canada’s dollar made a weekly gain versus all of its 16 trading peers. There are bets that the Canadian currency will appeal to a number of investors during turbulent moments in the market. Call in for a live rate.

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

2011-09-16T09:27:00.002+01:00

EURO/GBP - 1.1409
US$/GBP - 1.5786
CHF/GBP - 1.3764
CAN$/GBP - 1.5534
AUS$/GBP - 1.5278
ZAR/GBP - 11.659
JPY/GBP - 121.23
HKD/GBP - 12.295
NZD/GBP - 1.9131
SEK/GBP - 10.423
AED/GBP - 5.793
US$/EURO - 1.3835

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 declined 6.5% against a basket of nine currencies over the past 12 months, making it the second worst performer after the US dollar. After an array of weak data, yesterday’s sales figures proved to be no different. Figures showed a 0.2% decline in retail sales. The Office of National Statistics however did state that due to August London riots where a widespread of looting occurred across a number of big retailers, it was difficult to quantify exact figures. Nonetheless, because of a rise in inflation coupled with low employment figures, the likelihood of retail figures being better than expected is still very slim. Uncertainty over a robust UK recovery still looms, making quantitative easing, once again, an attractive option for the central bank. Call in now for a rate.

In the Euro zone, the euro jumped more than once cent versus the US dollar yesterday. This was largely due to the European Central Bank’s decision to lend euro based banks dollars for a period of three months so as to ensure these banks have enough currency through the end of the year. Though inflation figures showed stability and President Papandreou committed to implement the necessary austerity measures for Greece in Wednesday’s international call, many are still sceptical that targets will not be met. Due to this, euro gains are thought to be temporary, particularly against the US dollar. Investors are not willing to take risks at the moment and are seeking security in safe haven currencies. Call in for a live rate

In the US, the US dollar retreated after its three day winning streak against the euro. The greenback also extended losses versus the Swiss franc. Investors see this as only a temporary set back, for the debt crisis in the euro zone seems to be deepening. US consumer price figures came in better than expected, increasing by 0.4% in August, contrarily, factory activity in the Mid Atlantic decreased for a second month in a row. Though the US may show some signs of improvement, the economy is still struggling, particularly in the employment sector. Protect yourself now and call in for a rate.

Elsewhere, the Australian dollar continues to decline versus the US$ as there is increasing speculation that the Australian Federal Reserve may cut interest rates due to a rise in unemployment. Yesterday the Swiss National Bank decided to hold interest rates at a record low of 2.5% so as to maintain the minimum exchange rate with the euro. Call in for a live rate.

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

2011-09-15T08:55:00.000+01:00

EURO/GBP - 1.1481
US$/GBP – 1.5761
CHF/GBP – 1.3824
CAN$/GBP - 1.5653
AUS$/GBP – 1.5428
ZAR/GBP – 11.712
JPY/GBP – 120.89
HKD/GBP – 12.294
NZD/GBP – 1.9332
SEK/GBP – 10.592
US$/EURO - 1.3735

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 fell to an eight month low versus the dollar and also made losses against the yen, reaching its lowest since January 2009. Unemployment in the UK worryingly rose by 80,000 in three months to July. This data has increased the case for a possible slow down in austerity measures as well as an increase in demand for some kind of fiscal stimulus. Some investors think further quantitative will be introduced as early as next month. The cuts taking place in the UK have been viewed by some as too drastic with worries that these measures may in fact stunt UK economic growth. Call in now for a rate.

In Euro zone, the euro weakened against the US dollar, erasing almost all its weekly gains. It also fell 0.5% to the yen. The weakening of the common currency is largely due to investors holding off from riskier currencies as well as being cautious prior to a conference call between policy makers in Greece, Germany and France. China’s Premier, Wen Jibao also expressed concern with the need to solve this crisis, declaring that developed nations must cut deficits and create jobs rather than leaning on China to bail out the world economy. Out today is Euro zone consumer figures which will see whether prices have increased/ decreased for consumer goods and services. Call us for a live rate.

In the US, the US dollar had a steady day making gains against the euro. This is very likely to be a result of hardly any concrete plans from Euro zone members to draw a line under the Greek debt crisis. This has caused market players to seek haven in the greenback rather than riskier assets. However, figures for retail and business inventories came in weaker than expected indicating a slowing American economy. A National Poll conducted by Bloomberg showed pessimism about the US economy has increased with only 20% agreeing that that the country is taking the right steps to avoid a recession. Out today there is also US consumer price figures. This may cause significant movement so call in for a rate.

Elsewhere, Canada’s dollar weakened against the US dollar for a third day in a row along with other export lead currencies such as the Australian dollar and the Norwegian Krone. Moreover, The Reserve Bank of New Zealand held interest rates at a record low of 2.5%. Call in for an exchange rate.

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

2011-09-14T09:26:00.000+01:00

EURO/GBP - 1.1511
US$/GBP – 1.5729
CHF/GBP – 1.3861
CAN$/GBP - 1.5574
AUS$/GBP – 1.5355
ZAR/GBP – 11.593
JPY/GBP – 120.942
HKD/GBP – 12.281
NZD/GBP – 1.9172
SEK/GBP – 10.559
US$/EURO - 1.3662

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 lost ground yesterday moving towards a seven and half month low against the US$ and falling below 1.16 against the euro. Yesterday’s inflation figures showed a further rise in the price of retail goods and services. Energy costs and the increase of VAT at the start of the year are being blamed. It will not be enough for the Band of England to increase interest rates. Recent data has also demonstrated that the UK’s trade deficit is widening causing concern amongst investors that the possibility of an export led recovery is petering out. Contact us today for a live rate.

The Euro zone debt crisis continues to dominate newspaper headlines. Borrowing costs in Italy continue their upward trajectory and there is ongoing speculation that a number of French banks could be have their credit rating downgraded [reducing their ability to borrow at good rates] by the rating agencies. One thing is certain, the debt crisis is still far from being solved and peripheral countries remain the point of concern. Out today are Euro zone industrial production figures which will show activity in the manufacturing and energy sector. Call in now for a rate.

In the US, the US dollar slipped from Monday’s seven month high against a basket of currencies. Yesterday’s data came in lower than expected with the price of imported goods falling for the month of August. Interestingly, President Obama also voiced his concern over the euro zone crisis calling for Euro zone policy makers to solve the problem as soon as possible as the crisis is weakening the global economy. Out today are US retail figures which measure consumer spending at retail outlets. This may cause significant volatility so call in now for a rate.

Elsewhere, commodity currencies such as the Australian dollar struggled slightly against the US dollar as data showed a decrease in Australia’s business confidence. South African bonds declined due to US dollar strength. As a result, market players are expecting interest rates to remain on hold in South Africa. Out today is New Zealand’s interest rate decision. This could cause a lot of movement, so call in for a live rate.

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

2011-09-13T08:46:00.000+01:00

EURO/GBP - 1.1602
US$/GBP – 1.5823
CHF/GBP – 1.3989
CAN$/GBP - 1.5714
AUS$/GBP – 1.5311
ZAR/GBP – 11.708
JPY/GBP – 121.855
HKD/GBP – 12.351
NZD/GBP – 1.9218
SEK/GBP – 10.592
US$/EURO - 1.3638

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 hit a 6 month high against the euro yesterday morning of €1.1724/£1 on concerns over the European debt crisis, but fell to the lowest level against the US dollar since January. After a fresh bout of concerns over Greece’s ability to pay its debts, sterling gained but slipped back after investors cooled earlier negativity towards the single currency. Sterling also came under pressure against the US dollar over rumours that the Bank of England would inject a fresh round of Quantitative Easing to boost the economy. Additionally, whilst the euro zone crisis should be good for sterling, Europe is one of the UK’s largest trade partners so it is in the UK’s interest for the region to stabilise. Call in now for a live exchange rate.

In the euro zone, markets plummeted as investors yet again became concerned over the ability of Greece to repay its debt. In the latest saga of a 2 year sovereign crisis, there was concern that Greece may yet again struggle to gain the next tranche of its international bailout package. This put pressure on the single currency and wasn’t helped by speculation over an imminent credit rating downgrade of major French banks due to their Greek exposure. Athens only has a few weeks’ cash left so call in now for a live exchange rate.

In the USA, the US dollar hit a 7 month high against the euro as investors looked to the relative safe haven of the US currency on further concerns over a potential Greek default. Out this week there is a wide array of data in the US, so ensure you protect yourself by speaking to one of the team sooner rather than later.

Elsewhere, the Swiss franc strengthened against the US dollar as investors looked for safe havens and the Australian dollar fell to a one month low against the US currency – a measure of the lack of risk appetite. Call in now for a live exchange rate.

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

2011-09-12T12:00:00.001+01:00

EURO/GBP - 1.1635
US$/GBP – 1.5812
CHF/GBP – 1.4018
CAN$/GBP - 1.5802
AUS$/GBP – 1.5348
ZAR/GBP – 11.597
JPY/GBP – 121.39
HKD/GBP – 12.338
NZD/GBP – 1.9429
SEK/GBP – 10.420
US$/EURO - 1.3591

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 surged against the euro on Friday as the European Central Bank pulled back from its policy of increasing interest rates and a key ECB policymaker unexpectedly quit his position. Juergen Stark will step down in a dispute over the ECB’s bond-buying programme, underpinning how divided key decision makers are over the best way to deal with the euro zone crisis. So far this morning, we have seen sterling briefly hit €1.17/£1 as sterling gains support but concerns over the UK’s recovery has kept the pound under pressure against the US dollar. This week in the UK, we have the results from the independent commission on banking today, unemployment figures on Wednesday and retail sales figures on Thursday. Some analysts expect unemployment claims to jump this month so call in now to ensure you don’t lose out.

In the euro zone, it is unlikely to be a quiet week in the region. The resignation of a key member of the ECB goes to show the level of disagreement at high levels over the best way to deal with the crisis. The week ahead sees a meeting of the region’s finance ministers on Thursday and a European parliamentary debate over the crisis on Wednesday which could add further dichotomy to the number of official views on the crisis. Get in touch now for a live exchange rate.

In the USA, there is important data released this week on both consumer and wholesale inflation. In addition, there are key gauges released in the form of the NFIB small business survey and the Empire State and Philadelphia Fed survey which will give an idea of the state of the economy. The US dollar has benefited from concern over the euro zone crisis so call in now for a live exchange rate.

Elsewhere, the Swiss franc continues to hover around the CHF1.20/ €1 mark after the Swiss National Bank last week announced that it would intervene to devalue its currency. Moves made last week saw the Swiss franc devalue by nearly 8% and sterling has gained even more, breaking above CHF1.40/£1. Get in touch now to avoid adverse market movements impacting your payments.

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

2011-09-09T09:37:00.000+01:00

EURO/GBP - 1.1501
US$/GBP - 1.5972
CHF/GBP - 1.3930
CAN$/GBP - 1.5795
AUS$/GBP - 1.5040
ZAR/GBP - 11.507
JPY/GBP - 123.67
HKD/GBP - 12.446
NZD/GBP - 1.9134
SEK/GBP - 10.265
AED/GBP - 5.863
US$/EURO - 1.3872

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 strengthened 0.4% versus the US dollar, reversing its previous 8 week low of $1.5914/£1. Sterling also rose firmly against the euro yesterday. These gains were largely due to the Bank of England’s (BoE) decision to keep interest rates on hold at 0.5% as well as sticking to its current asset- purchasing programme. Despite sterling’s rally yesterday, these gains are seen as temporary and definitely not a positive sign for UK economic recovery. The BoE’s decision indicates that the UK is still in no position to warrant an immediate move- something which is evident from this week’s weak data. Call in now for a quote.

In the Euro zone, the euro fell to a 2 month low against the US dollar and decreased 1% to sterling and the New Zealand dollar. Out yesterday was the long awaited European Central Bank’s interest rate decision that left the bench mark rate at 1.5% with no signs of increases in the near term. Though the euro may show signs of improving, as seen this week with better than expected retail figures for example, there are still fears of peripheral contagion and speculation that further volatility between the euro- dollar is to be expected. Protect yourself and call in now for a live rate.

In the US, the US dollar was strengthened against a basket of currencies. It was little changed against the yen and was up 1.1% against the Swiss franc. In a rousing speech last night, President Barack Obama launched his “American Jobs Act” and Fed Chairman Ben Bernanke hinted at further monetary easing in order to boost the stuttering recovery. It was made clear that the plan would not be funded by debt, but further efficiency savings. Call in now for a live quote as the package has boosted volatility.

Elsewhere, the rand advanced against all its major counterparts due to an increase in raw material prices. The rand strengthened for a third day in a row against the euro. Contrarily, after the Swiss National Bank’s decision to enforce a ceiling, the Swiss franc weakened against 16 major peers, falling to a record low this week against the euro. Out today are retail sales figures for China and unemployment data for Canada. This may cause significant movement, so call in now for a rate.

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

2011-09-08T09:06:00.000+01:00

EURO/GBP - 1.1324
US$/GBP – 1.5941
CHF/GBP – 1.3706
CAN$/GBP - 1.5692
AUS$/GBP – 1.5041
ZAR/GBP – 11.3945
JPY/GBP – 123.38
HKD/GBP – 12.4212
NZD/GBP – 1.9148
SEK/GBP – 10.1320
US$/EURO - 1.4084

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 was flat against the euro yesterday, but gained by 0.4% against the US dollar. There was mixed data in for the UK with industrial production falling by 0.2% however manufacturing data came in better than expected, rising by 0.1% in July. Increases in the production of electrical and optical goods were the key drivers of this positive data. Out today there are UK GDP figures as well as the Bank of England’s (BoE) decision on interest rates. With mounting speculation that the BoE will keep interest rates on hold, numerous market players now think that although another round of monetary easing may be needed, it is highly unlikely it will happen today. We may see significant volatility today, so protect yourself and call in for a quote.

In the Euro zone, the euro made gains versus the dollar as well as maintaining Tuesday’s large gains against the Swiss franc. A ruling in the German Constitutional Court which discarded all lawsuits targeted to block German participation in Euro zone bailouts also helped the common currency yesterday. German industrial output came in better than expected as well. Despite these positive glimpses, it is not enough to ease worries over the Euro zone debt crisis. Investors still view the euro as vulnerable and predict it will struggle in coming months. Our today is the European Central Bank interest rate decision where we could see rates being left on hold at 1.5%. Call in now for a quote.

In the US, the US dollar fell against the euro, terminating its longest rally since April 2010. The dollar fell by 0.3% versus the euro and 0.4% against the yen. Today is the long awaited meeting between President Obama and Congress. Their live meeting will propose getting rid of that worrying 9.1% unemployment rate and put forth new methods for increasing jobs. They will also discuss ways of boosting US economic growth which could result in the implementation of drastic tax cuts. Issue raised in this meeting will play a significant role in Obama’s run for re- election in 2012. Call in now for a rate.

Elsewhere, commodity currencies such as the Australian made significant gains. The Aussie dollar rose 1.2% versus the US dollar as data showed that the Australian economy grew rapidly in four years. Investors are now expressing vast amounts of worry over where the new safe haven is. There is speculation that Norway’s crown could be the next alternative, particularly against the euro. The Bank of Canada kept interest rates unchanged as it expects business investment and consumer spending to help the economy grow in the second half of the year. Call in now for a quote.

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

2011-09-07T09:03:00.000+01:00

EURO/GBP - 1.1356
US$/GBP – 1.5998
CHF/GBP – 1.3697
CAN$/GBP - 1.5845
AUS$/GBP – 1.5098
ZAR/GBP – 11.3745
JPY/GBP – 123.71
HKD/GBP – 12.4805
NZD/GBP – 1.9356
SEK/GBP – 10.2872
US$/EURO - 1.4076

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 fell to a two month low against the US dollar yesterday and after four days of gains also weakened against the euro. But sterling did gain by 8% against the Swiss franc after the Swiss Central bank imposed a ceiling on the franc in an effort to help their economy. Data from the British Retail Consortium showed a 0.6% drop in retail sales compared to this time last year. The Bank of England (BoE) is due to meet tomorrow to discuss the future of UK interest rates – expectations are they will remain at a record low of 0.5%. There is a possibility of more quantitative easing measures given the state of the UK economy. Out today are manufacturing and industrial figures. Call in now for a quote.

In the Euro zone, the euro rocketed against the Swiss franc by 9% after the Swiss central bank enforced a target rate of CHF1.20/€1. Euro zone GDP figures showed growth was down 2.4% from last year but grew marginally in the second quarter. Household consumption data also came in weaker than expected, falling for the first time in almost two years. This data has not helped the growing concerns over the Euro zone debt crisis. Out today is German industrial data which will give a good indication of the country’s economic expansion. This can cause considerable movements, so call in now for a rate.

The US dollar had a mixed day yesterday. It hit an eight week low versus the euro, but strengthened 9.1% against the Swiss franc. Despite better than expected figures from the US services sector for August, US stocks fell due to concerns that the European debt crisis is causing the global economy to slow down. Until the crisis comes to an end, there will be continuous turbulence in the currency market. Out today there are US Mortgage Application figures which if are better than expected, will indicate an increase in household income as well as possible economic growth. Call in now to get a quote.

Elsewhere, The Swiss National Bank sent shockwaves through the currency markets after imposing a minimum exchange rate on the Swiss franc. This drastic decision has not happened in more than three decades which shows the country’s determination to keep the Swiss franc at a low and curb inflation. This caused great euro and sterling strength. Currency movements are becoming unpredictable so call in now for a live rate.

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

2011-09-06T08:45:00.000+01:00

EURO/GBP - 1.1419
US$/GBP – 1.6094
CHF/GBP – 1.2772
CAN$/GBP - 1.5945
AUS$/GBP – 1.5277
ZAR/GBP – 11.4906
JPY/GBP – 123.61
HKD/GBP – 12.5506
NZD/GBP – 1.9368
SEK/GBP – 10.4122
US$/EURO - 1.4075

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 depreciated by 0.7% against the US dollar yesterday, hitting the lowest level since mid-July but gained slightly against the euro. The UK Purchasing manager’s index came in lower than expected indicating orders for materials are likely to be low this month. Although this figure may not seem important initially, it has in the past been seen to match the growth/ decline of the UK economy so it is good to keep an eye on it. A stalling UK economy seems to be of growing concern and speculation over further quantitative easing has returned once again. As long as investors continue to suspect this, sterling will be held back. Out on Wednesday there are figures for industrial production which measure productivity in UK factories and mines. Call in now for a quote.

In the Euro zone, the euro had a turbulent day falling to a one month low against the US dollar as Italian and Greek fiscal issues continue to grow.
Euro zone retail figures remained the same and came in as expected, a good sign as the Euro zone is in need of stable household consumption to recover. However, European stocks fell after an unexpected decrease in support for Angela Merkel’s party, demonstrating the German public’s discontent of having to contribute to euro zone bailouts. Out today are GDP figures, this may cause significant volatility so call in for a quote.

The US dollar had a relatively stable day versus the euro and sterling as demand for safe haven currencies increased. Despite this, a report showed that the US dollar had weakened by 11% against a basket of nine major currencies. Concerns over the US entering another recession is still a probing issue for investors, particularly after Friday’s abysmal unemployment data. Investors await Thursday’s conference between President Obama and Congress as they are expected to put forth new proposals for US job growth. Call in now for a rate.

Elsewhere, the South African rand fell to its lowest in a week against the US dollar. The Australian and New Zealand dollar also fell against the US dollar by 1%. Out on Wednesday there is Australian GDP figures and Japan’s interest rate decision. This may cause significant movement so call in now for a quote.

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

2011-09-05T10:01:00.000+01:00

EURO/GBP - 1.1428
US$/GBP – 1.6146
CHF/GBP – 1.2685
CAN$/GBP - 1.5964
AUS$/GBP – 1.5291
ZAR/GBP – 11.4956
JPY/GBP – 124.06
HKD/GBP – 12.5843
NZD/GBP – 1.9228
SEK/GBP – 10.4188
US$/EURO - 1.4114

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 fell against the US dollar on Friday, hitting a low of $1.6172/£1 as US data revealed that no new US jobs were created in August. Friday’s data also showed a fall in UK construction activity- the slowest expansion since December 2010. This has increased signs that the UK economy is making a sluggish recovery. There has also been further speculation that the Bank of England may need to put in place more quantitative easing which could damage sterling further. Out today is PMI economic activity data and if this data comes in weaker than expected, we could see more selling. Call in now for a quote.

In the Euro zone, the euro fell 0.4% against sterling and also hit a 3 week low versus the US dollar, shedding almost 2.1%. Concerns over the euro zone debt crisis expanded as dissatisfaction about Greece’s lack of progress with solving the debt issue has increased amidst the EU and IMF. Investors have picked up on this, making the common currency less appealing. Retail sales figures are out today which will give a clear indication of how spending and consumer confidence in the region is doing. Call in now for a live rate.

In the US, the dollar slipped 2.6% against its safe haven competitor the Swiss franc. This was largely due to weak employment data in the US where the jobless rate held at 9.1% with no new jobs added for the month of August. As the US economy seems to be at the brink of stalling, the likelihood of the Federal Reserve adopting a third round of quantitative easing has returned to the table. Market players are waiting for Thursday’s meeting where President Obama and Congress will discuss what measures to take in order to boost the US economy and create more jobs. Financial markets in the US are closed due to Labor Day holiday today. To protect yourself from adverse currency movements, call in now for a rate.

Elsewhere, the Swiss franc made significant gains against a majority of its peers, particularly the euro where it almost hit a record weekly high. A report on Friday showed the Swiss franc has risen by 13% this year and has been the best performer among 10 developed market currencies. Commodity currencies such as the Australian dollar made gains on Friday. The rand declined 1% against the US dollar after US employment data came in weaker than expected. Call in now for a live exchange rate

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

2011-09-02T08:44:00.000+01:00

EURO/GBP - 1.1367
US$/GBP - 1.6192
CHF/GBP - 1.2790
CAN$/GBP - 1.5824
AUS$/GBP - 1.5131
ZAR/GBP - 11.3671
JPY/GBP - 124.35
HKD/GBP - 12.6149
NZD/GBP - 1.9042
SEK/GBP - 10.3920
AED/GBP - 5.948
US$/EURO - 1.4235

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

This week we had a string of disappointing economic data which undermined sterling as worries over the UK recovery continued. House prices continue to fall, as did service sector and manufacturing activity. Interest rates are expected to remain at a record low of 0.5% for some time yet. To protect yourself from any adverse currency movements, call in for a quote.

In the Euro zone, the euro had a rocky week against the US dollar after the Federal Reserve indicated another possible round of quantitative easing last Friday. The euro extended its losses against the US dollar yesterday even after the release of weak US data. The euro weakened against sterling after manufacturing activity in the Euro zone shrank more than expected. Germany had the strongest manufacturing figures with 50.9, whilst Greece had the weakest at 43.3. Germany also saw its new export orders decline which has increased concerns over the euro zone economy. Out today is Euro zone PPI Call in now for a quote.

The US dollar gained against a majority of its trading partners today after better than expected factory data. With an increase of 2.4% in factory activity, there is speculation that the Federal Reserve may not take further steps to stimulate the US economic recovery. There was also slight fall in US prospective unemployment figures yesterday with the national unemployment rate declining by 9.1%. Out today is non- farm pay rolls and further unemployment data. These figures may cause significant movement, so call in now for a rate.

Elsewhere, the Swiss franc fell by 0.3% against the US dollar after yesterday’s Swiss GDP data indicated a 0.4% slow down in growth. This is likely to be a result of a steep decline in Switzerland’s investments and also a drop in the country’s exports. Yesterday’s data also showed China’s PMI bounce back by 0.2% from July. China remains adamant that its main priority is to control inflation and meet its inflation target of 4%. An aim they would like to attain in the second half of this year. Call in now for a quote.

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

2011-09-01T08:59:00.000+01:00

EURO/GBP - 1.1308
US$/GBP – 1.6228
CHF/GBP – 1.3104
CAN$/GBP - 1.5867
AUS$/GBP – 1.5168
ZAR/GBP – 11.3382
JPY/GBP – 124.92
HKD/GBP – 12.6368
NZD/GBP – 1.9092
SEK/GBP – 10.3158
US$/EURO - 1.4330

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 had a steady day on Wednesday. After losing ground on Tuesday it managed to strengthen slightly against both the euro and the US$. Gains in U.K. bonds have gained this year are as a result of investors seeking safety from Europe’s turbulent debt crisis. UK economic data has disappointed in August which has made any increases in UK interest rates highly unlikely in what remains of 2011 and possibly 2012. Out today is Manufacturing PMI followed by construction data on Friday. Call in now for a rate.

The euro suffered yesterday, especially against commodity currencies, after low demand for Italian government bonds undermined the euro zones efforts to get on top of its debt. Euro zone inflation remained unchanged at 2.5% in August from July, whilst July Euro zone unemployment stood still at 10%. The number of people unemployed rose for a third consecutive month. Austria’s unemployment rate was the lowest, whilst Spain was the highest once again, increasing to 21.2%. Out today is German PMI and Euro zone PMI. Call in now for a live price.

The US dollar received a brief boost against sterling and the euro after better than expected factory sector data. US factory orders rose by 2.4% in July compared to June - more than economists had forecasted. Additionally, US ADP employment showed an increase of 91, 000 private sector jobs. This data will definitely add expectation to the Federal Reserve’s meeting this month as the Chairman of the Federal Reserve has indicated he may use fresh methods to boost the US recovery. Call in now for a rate.

Elsewhere, high yielding currencies are beginning to look more appealing to investors as optimism increases for global growth. Canada’s dollar rose against the US dollar yesterday after data indicated the nation’s economy grew 0.2% from the previous month. The Swiss franc also made significant gains against the euro and the US dollar, with the US dollar dropping by 1.9% against the Swiss franc. Call in now to protect yourself from adverse currency 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

2011-08-31T08:39:00.001+01:00

EURO/GBP - 1.1296
US$/GBP – 1.6305
CHF/GBP – 1.3306
CAN$/GBP - 1.5958
AUS$/GBP – 1.5274
ZAR/GBP – 11.5032
JPY/GBP – 125.03
HKD/GBP – 12.7190
NZD/GBP – 1.9075
SEK/GBP – 10.3688
US$/EURO - 1.4428

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 had a turbulent day yesterday hitting a low of €1.1267/£1. Sterling also depreciated against the US$. This was largely due to a decrease in the UK’s service sector activity over the last three months. Moreover, July consumer credit data showed an unexpected slow down in borrowing; alongside UK net mortgage lending remaining at a standstill. This data continues to demonstrate that economic recovery in the UK is far from robust. As a result, it makes the pound vulnerable and less appealing to investors. Out on Thursday is Nationwide House Prices data for August. Call in now for a quote.

In the Euro zone, the euro fell 0.5% against the US$ and against a majority of its counterparts as there is increasing speculation that the European Central Bank has terminated interest rate hikes for this year. Yesterday’s data showed a vigorous decline in Euro zone consumer confidence for a sixth time. This result is largely due to increasing fears of governments’ inability to repay their debt. Furthermore, Italian bonds declined for a seventh day. Out today is German Retail and Unemployment data. Call in now for a live price to avoid losing out.

The US dollar fell to a session low versus the yen as consumer confidence in the US plunged in August, hitting the lowest point in almost two years. Due to this, Americans are becoming increasingly concerned with future job prospects- a sentiment similarly shared by President Obama who recently recruited a top labour economist to tackle the battle against the US’s high level of unemployment. U.S stocks also fell yesterday whilst another report demonstrated a fall in home prices for the second quarter. Out today is data for US Factory Orders in July. Call in now for a live exchange rate.

Elsewhere, the yen benefited from bad U.S consumer confidence data by gaining 0.2% to the US $. On the contrary, Australia saw positive data yesterday as there was a 1% increase in building activity for the month of June. Ensure you protect yourself by speaking to one of the team here about your options.

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