28/05/2012

EURO/GBP - 1.2446
US$/GBP – 1.5698
CHF/GBP – 1.4971
CAN$/GBP - 1.6081
AUS$/GBP – 1.5898
ZAR/GBP – 12.9893
JPY/GBP – 124.61
HKD/GBP – 12.1863
NZD/GBP – 2.0562
SEK/GBP – 11.191
AED/GBP – 5.6732
US$/EURO - 1.2609
INR/GBP - 86.73


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 fairly range bound on Friday due to a relatively light day on the data front across the world. The main data out of the UK this week is the Manufacturing Purchasing Managers' Index (PMI) as well as the bench mark 10 year bond auction. With a bank holiday in much of Europe and the US, trading volumes will be down on Monday; but, there is still the potential for a lot of volatility so call in now for the latest news and a live quote.

The euro had another poor day on Friday reaching fresh lows against the US dollar as it was suggested that the Spanish Bank Bankia will need approximately double the 9 billion euros that was originally stated that it would need to restructure its debt. On the data front on Friday, German consumer sentiment came in as expected. There is a bank holiday across much of Europe on Monday. This week, Ireland will vote on a referendum to accept or reject the European Union's Stability Treaty. There will also be an Italian bench mark 10 year bond auction. The focus this week will remain firmly on any news out of Greece and Spain, whilst  the Irish vote will also be watched carefully by investors; so, call in now for the latest news and a live quote.

The US dollar performed well again on Friday as risk aversion drove the market. Data released showed the University of Michigan consumer sentiment came in above expectations reaching a 4 year high. There is a bank holiday in the US on Monday. The main focus this week will be on the highly influential Non-Farm pay rolls employment data released on Friday. Other data released this week includes US consumer confidence, pending home sales, manufacturing PMI, unemployment claims and preliminary GDP. Call in now for the latest news and a live quote.

Elsewhere, the New Zealand dollar was one of the best performing currencies following the release of the annual budget. This week, a raft of data from Australia includes retail sales, building approvals and private capital expenditure; business confidence figures from New Zealand; GDP data from Canada; Chinese manufacturing PMI; and Swiss retail sales. Call in now for the latest news and 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

Weekly Update on GBP, EUR, USD & Commodity-Backed Currencies

Smart Resources

Currency Report
Have you read our 10-page Currency Report 'Why UK businesses unknowingly lose £££'s on making and receiving international payments...And what they can do to avoid it!" Get the report here!

Currency Quotation
Are you interested in a currency rate for euros, US dollars or any other currency? If so, please call 0808 163 0102 fill out our Smart quotation form.

Smart Articles (For Clients & Press)
Read recent articles published in a variety of publications or request information on our Smart Media page.

Main Smart Currency Business Website
Get information on all the Smart services, educational resources and access to our FAQ's plus much more! Visit main website here.



Disclaimer
Exchange rates can move very quickly. The above rates are valid at a moment in time. We have no crystal ball and we recommend that if an exchange rate works for your budget then don’t wait for an even better exchange rate - Murphy’s Law says the rate will go against you and cause you maximum pain! Suggestions should not be taken as advice or fact.

© 2005-2010 Copyright Smart Currency Exchange Ltd THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS).