EURO/GBP - 1.2103
US$/GBP - 1.5936
CHF/GBP - 1.4549
CAN$/GBP - 1.5868
AUS$/GBP - 1.5342
ZAR/GBP - 12.581
JPY/GBP - 129.12
HKD/GBP - 12.3721
NZD/GBP - 1.9225
SEK/GBP - 10.771
AED/GBP - 5.8538
US$/EURO - 1.3170
INR/GBP - 81.91

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 had a mixed week as risk aversion turned to risk appetite. Sterling very nearly reached an 18 month high against the euro on Thursday before retracing whilst strengthening steadily against the US dollar. Data this week showed that the UK’s trade gap widened more than expected; dampening the present economic outlook. The main data out of the UK today is the Producer Price Index (PPI) which will tell us how the price of goods and raw materials purchased by manufacturers changed in the last month. Call in now for a live quote and the latest update.

The euro performed poorly this week as fears surrounding the state of the Spanish economy shook the market. Rumours started to circulate that if the economic situation in Spain worsened, it may potentially need a bail out (Spain being the country always deemed “too big to bail out”). The final German Consumer Price Index (CPI) figures were released first thing this morning; however, not much other data is released today. The market will keep a close eye on any developments in Spain

The US dollar started the week fairly strong as risk aversion was driving the market; however, the shift to risk appetite saw the US dollar weaken off against the majority of currencies as the week progressed. Yesterday saw the release of poor unemployment data, mirroring the worse than expected Non-Farm Pay rolls data from last Friday; this is of some concern as it was the labour market that had been leading the US economic recovery of late. Furthermore, policy makers in the US also indicated that interest rates would remain low. Today sees the release of the Consumer Price Index (CPI), consumer sentiment figures and the Chairman of the Federal Bank is also speaking; all of which have the potential to move the market so call in now for a live quote and an update.

Elsewhere, the commodity backed currencies were the best performers this week as risk appetite began to drive the market. The Australian dollar performed particularly well as unemployment figures released beat market expectations. China unexpectedly posted a trade balance surplus of US$ 5.4 billion on Tuesday; but, this was driven by a lack of imports which stoked fears of a global slowdown. Much stronger than expected levels of bank lending in China released yesterday gave a boost to the commodity backed currencies. A raft of data from China was released first thing this morning which includes the influential GDP figures. Call in now for a live quote and an update on the 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