12/07/2012

EURO/GBP - 1.2648
US$/GBP - 1.5474
CHF/GBP - 1.5201
CAN$/GBP - 1.5806
AUS$/GBP - 1.5222
ZAR/GBP - 12.8612
JPY/GBP - 122.73
HKD/GBP - 12.0053
NZD/GBP - 1.9561
SEK/GBP - 10.8568
AED/GBP - 5.6812
US$/EURO - 1.2221
INR/GBP - 86.18


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

Steady day for sterling gaining a bit of ground against the euro and holding its own against the US$. No major economic news in the UK to influence matters from this end and it seems to be a case of watching what happens elsewhere especially in the euro zone. At one stage sterling hit its highest level against the euro since October 2008. Call in now to see how sterling is faring today.

The euro continues to suffer as the news out of the Euro zone continues to be mixed. Yields on Spanish government bonds both fell which is positive as further austerity measures were announced. However uncertainty about the detail and timescales of the rescue packages announced at the last EU summit continue to worry the markets. The euro has very few friends. Call in now for the latest update.

The US$ benefits from its safe haven status in these troubled times continuing to gain against the euro. We also had the release of the minutes of the last meeting of the Federal Reserve. These were neutral on further quantitative easing which supported the US$ overnight. So short term the US$ seems to be the best supported currency of the three. Will this continue – call in to find out.

Elsewhere we saw weakness from the Australian dollar as risk aversion heightened. The Japanese yen benefits from an improving economy which reduces the likelihood of further liquidity easing from the Bank of Japan.


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).