EURO/GBP – 1.2457
US$/GBP – 1.6143
CHF/GBP – 1.4965
CAN$/GBP – 1.6146
AUS$/GBP – 1.5964
ZAR/GBP – 12.86
JPY/GBP – 128.69
HKD/GBP – 12.5322
NZD/GBP – 2.0482
SEK/GBP – 11.1019
AED/GBP – 5.9279
US$/EURO – 1.2962
GBP/INR – 86.12
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 fresh highs of 1.2460 against the euro today as fears that Greece could soon leave the euro gripped the market. On the data front, the British Retail Consortium retail sales monitor dropped to -3.3% which kept sterling fairly range bound against the majority of currencies. The Bank of England’s rate decision is the biggest piece of news on the agenda today, with the interest rate and the asset purchase facility expected be kept unchanged; but, there is a slim chance that further quantitative easing could be implemented. Monthly manufacturing production figures are also released today; with a lot of data released and the developments in Europe driving the market there is the potential for a lot of volatility so call in for the latest news and a live quote.
The euro fell to new lows against sterling and the US dollar as rumours circulated across the financial markets that the EU may withhold a Greek bailout payment due today; although, these rumours turned out to be unfounded. The German finance minister stated that it cannot force Greece to stay in the Eurozone if it does not want to causing further speculation that Greece could soon leave the Euro. Furthermore, a Greek government is still yet to be formed meaning another election in June seems ever more likely; in theory, this would mean Greece would fail to adhere to its bailout commitments and in turn default on its debt. The ECB monthly bulletin and French industrial figures will also be released; however, the focus will remain firmly on Greece; so call in now for the latest news and a live quote.
The US dollar was relatively strong again today, buoyed by its safe haven status with the Eurozone economic crisis entering a new phase. A busy day in the US includes trade balance figures, unemployment’s claims and the Chairman of the Federal Bank is also speaking. The US is still expected to lead the global economy; as a result, all releases from the US are watched closely by investors; so, call in now for the latest update and a live quote.
Elsewhere, the Japanese yen was the stand out performer once more due to its safe haven status; whilst the commodity backed currencies struggled. A Swiss bond auction was well received offering much lower yields than the UK, the US and Europe, thus confirming its safe haven status amongst investors; we will have to see if the Swiss National Bank (SNB) can keep to its promise to uphold the €1.20/Chf1 peg which is under threat. Japanese current account and Australians unemployment figures were released late last night; whilst, Chinese and Canadian trade balance figures are also released today. 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
US$/GBP – 1.6143
CHF/GBP – 1.4965
CAN$/GBP – 1.6146
AUS$/GBP – 1.5964
ZAR/GBP – 12.86
JPY/GBP – 128.69
HKD/GBP – 12.5322
NZD/GBP – 2.0482
SEK/GBP – 11.1019
AED/GBP – 5.9279
US$/EURO – 1.2962
GBP/INR – 86.12
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 fresh highs of 1.2460 against the euro today as fears that Greece could soon leave the euro gripped the market. On the data front, the British Retail Consortium retail sales monitor dropped to -3.3% which kept sterling fairly range bound against the majority of currencies. The Bank of England’s rate decision is the biggest piece of news on the agenda today, with the interest rate and the asset purchase facility expected be kept unchanged; but, there is a slim chance that further quantitative easing could be implemented. Monthly manufacturing production figures are also released today; with a lot of data released and the developments in Europe driving the market there is the potential for a lot of volatility so call in for the latest news and a live quote.
The euro fell to new lows against sterling and the US dollar as rumours circulated across the financial markets that the EU may withhold a Greek bailout payment due today; although, these rumours turned out to be unfounded. The German finance minister stated that it cannot force Greece to stay in the Eurozone if it does not want to causing further speculation that Greece could soon leave the Euro. Furthermore, a Greek government is still yet to be formed meaning another election in June seems ever more likely; in theory, this would mean Greece would fail to adhere to its bailout commitments and in turn default on its debt. The ECB monthly bulletin and French industrial figures will also be released; however, the focus will remain firmly on Greece; so call in now for the latest news and a live quote.
The US dollar was relatively strong again today, buoyed by its safe haven status with the Eurozone economic crisis entering a new phase. A busy day in the US includes trade balance figures, unemployment’s claims and the Chairman of the Federal Bank is also speaking. The US is still expected to lead the global economy; as a result, all releases from the US are watched closely by investors; so, call in now for the latest update and a live quote.
Elsewhere, the Japanese yen was the stand out performer once more due to its safe haven status; whilst the commodity backed currencies struggled. A Swiss bond auction was well received offering much lower yields than the UK, the US and Europe, thus confirming its safe haven status amongst investors; we will have to see if the Swiss National Bank (SNB) can keep to its promise to uphold the €1.20/Chf1 peg which is under threat. Japanese current account and Australians unemployment figures were released late last night; whilst, Chinese and Canadian trade balance figures are also released today. 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
