EURO/GBP - 1.1998
US$/GBP – 1.6020
CHF/GBP – 1.4456
CAN$/GBP - 1.5967
AUS$/GBP – 1.5389
ZAR/GBP – 12.24
JPY/GBP – 132.98
HKD/GBP – 12.4424
NZD/GBP – 1.9527
SEK/GBP – 10.5921
AED/GBP – 5.8826
US$/EURO - 1.3352
INR/GBP - 81.42

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 breaking through the 1.60 resistance level for the first time since November last year. Manufacturing, services and construction Purchasing Managers' Index (PMI) are released this week; but, the main focus this week will be on Thursday’s announcements where we will discover if the Bank of England will further expand the asset purchase program. The official bank rate is widely expected to remain at 0.5%. Call in now for the latest update and the latest news.

The euro was strong against the US dollar and the Japanese yen as Spain announced its budget which includes plans to make additional cuts to save more than €27 billion. On Friday the EU finance ministers agreed to increase the safety fund to €700 billion to protect the region from further economic crisis. The European Central Bank’s interest rate decision will be announced on Thursday with the general consensus suggesting that the rate will remain at 1.00%. Call in now for the latest update and the latest news.

The US dollar had a varied day on Friday weakening against sterling as mixed economic data was released. US PMI data and a raft of unemployment data will be released this week which could move the market significantly as it has done in the past so call in now for a live quote and the latest update.

Elsewhere, the Australian dollar had another poor day weakening off against the majority of currencies. Canadian GDP data was released as expected at 0.1%. Chinese manufacturing PMI was released on Friday with a higher reading than forecast; however, some analysts think the increase is only “seasonal”. Out this week, we see a raft of data released from Australia including retail sales figures, trade balance data and the RBA’s interest rate decision which is currently expected to remain on hold. There is also the release of unemployment data from Canada. 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