EURO/GBP - 1.2282
US$/GBP – 1.6294
CHF/GBP – 1.4764
CAN$/GBP - 1.5982
AUS$/GBP – 1.5586
ZAR/GBP – 12.595
JPY/GBP – 130.52
HKD/GBP – 12.6401
NZD/GBP – 1.9812
SEK/GBP – 10.936
AED/GBP – 5.9781
US$/EURO - 1.3258
INR/GBP - 85.46
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 strong day on Friday breaking through new resistance hitting a 22 month high of 1.2292 against the euro and an 8 month high of 1.6279 against the US dollar as news from Europe and the US drove the market. If the manufacturing, construction and services Purchasing Managers' Index (PMI) figures released this week are poor, sterling will be under pressure following the weak GDP figures last week. Call in now for the latest update and a live quote.
The euro had a very poor start to the day on Friday as Standard and Poor’s (one of the big three credit rating agency's) downgraded Spain two notches from A to BBB+ whilst giving Spain a negative outlook. A relatively solid Italian bond auction saw the euro recover somewhat during the day and the euro hit a 2.5 week high against the US dollar of 1.3270. This week, the European Central Bank’s is expected to keep rates unchanged; furthermore, any news regarding Spain or the French elections could move the market significantly; so call in now the latest news and a live quote.
The US dollar had a poor day on Friday as worse than expected GDP data caused more speculation that the Federal Reserve may look to implement further Quantitative Easing. The Institute for Supply Management (ISM) PMI indices and the influential non-farm payroll data release will be some of the main drivers in the global foreign exchange market this week. Any variation away from the expected values has caused a lot of volatility in the past; so call in now for the latest update and a live quote.
Elsewhere, the Australian and New Zealand dollar performed well on Friday as did the Japanese yen as the Bank of Japan voted unanimously to increase its asset purchase facility by 5 trillion yen. This week, the Reserve Bank of Australia is expected to announce a 25 basis points cut in its interest rate this week to 4.00% with the markets anticipating a further 25 basis point cut in June. Other data out this week includes Chinese Manufacturing PMI, Canadian GDP data and unemployment data from New Zealand. Call in now for a live update and the 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
US$/GBP – 1.6294
CHF/GBP – 1.4764
CAN$/GBP - 1.5982
AUS$/GBP – 1.5586
ZAR/GBP – 12.595
JPY/GBP – 130.52
HKD/GBP – 12.6401
NZD/GBP – 1.9812
SEK/GBP – 10.936
AED/GBP – 5.9781
US$/EURO - 1.3258
INR/GBP - 85.46
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 strong day on Friday breaking through new resistance hitting a 22 month high of 1.2292 against the euro and an 8 month high of 1.6279 against the US dollar as news from Europe and the US drove the market. If the manufacturing, construction and services Purchasing Managers' Index (PMI) figures released this week are poor, sterling will be under pressure following the weak GDP figures last week. Call in now for the latest update and a live quote.
The euro had a very poor start to the day on Friday as Standard and Poor’s (one of the big three credit rating agency's) downgraded Spain two notches from A to BBB+ whilst giving Spain a negative outlook. A relatively solid Italian bond auction saw the euro recover somewhat during the day and the euro hit a 2.5 week high against the US dollar of 1.3270. This week, the European Central Bank’s is expected to keep rates unchanged; furthermore, any news regarding Spain or the French elections could move the market significantly; so call in now the latest news and a live quote.
The US dollar had a poor day on Friday as worse than expected GDP data caused more speculation that the Federal Reserve may look to implement further Quantitative Easing. The Institute for Supply Management (ISM) PMI indices and the influential non-farm payroll data release will be some of the main drivers in the global foreign exchange market this week. Any variation away from the expected values has caused a lot of volatility in the past; so call in now for the latest update and a live quote.
Elsewhere, the Australian and New Zealand dollar performed well on Friday as did the Japanese yen as the Bank of Japan voted unanimously to increase its asset purchase facility by 5 trillion yen. This week, the Reserve Bank of Australia is expected to announce a 25 basis points cut in its interest rate this week to 4.00% with the markets anticipating a further 25 basis point cut in June. Other data out this week includes Chinese Manufacturing PMI, Canadian GDP data and unemployment data from New Zealand. Call in now for a live update and the 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
