EURO/GBP - 1.2731
US$/GBP - 1.5654
CHF/GBP - 1.5307
CAN$/GBP - 1.5814
AUS$/GBP - 1.5065
ZAR/GBP - 12.7642
JPY/GBP - 123.07
HKD/GBP - 12.1453
NZD/GBP - 1.9532
SEK/GBP - 10.8591
AED/GBP - 5.7485
US$/EURO - 1.2289
INR/GBP - 86.63
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 day as the Bank of England’s latest meeting minutes revealed that the decision to increase quantitative easing by £50 billion was not unanimous as 2 members voted not to increase the asset purchase facility. This lack on unity causes concern for some investors as it is clear that not all the MPC members have the same view on how to tackle the current economic downturn. Unemployment figures in the UK have dropped to 8.1%; but, questions remain as to how much of this is employment is temporary work due to the Olympics. Other employment data showed the change in the number of people claiming unemployment benefits was in line with expectations. Monthly retail sales figures released today will be the main news on the agenda; so, call in now for the latest news and a live quote.
The euro struggled yesterday as risk aversion dominated the market following the German Chancellor expressing her concerns for the future of the euro. Spanish bond yields rose again despite falling back briefly on Tuesday and in a similar vein, the two year German bond auction yesterday registered negative yields for the first time ever underlining investors' risk concerns at present with a flight to safety. Trade balance figures are the main release of note on an otherwise quiet day in Europe; so, call in now for the latest news and a live quote.
The US dollar performed well yesterday due to its status as a safe haven currency in a risk adverse market. The Chairman of the Federal Reserve Bank was speaking once again; but, failed to provide any more clarity merely suggesting that the current situation was “unsustainable” and that the Federal Bank was ready to take action if necessary. Positive data released showed that the number of housing starts has increased posting a figure of 760,000 whilst the number of new residential building permits granted came in as expected. Out today, figures depicting the number of existing homes sold in the previous month, the change in the number of people claiming unemployment benefits and the manufacturing index figures from Philadelphia are all released on a busy day for the US data. Call in now for the latest news and a live quote.
Elsewhere, the Japanese yen was one of the best performers yesterday due to risk aversion, whilst the Australian dollar also performed well. The Bank of Canada’s monetary policy report and press conference yesterday outlined the expectation that Canadian economic growth would struggle due to weak global and domestic conditions.
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$/GBP - 1.5654
CHF/GBP - 1.5307
CAN$/GBP - 1.5814
AUS$/GBP - 1.5065
ZAR/GBP - 12.7642
JPY/GBP - 123.07
HKD/GBP - 12.1453
NZD/GBP - 1.9532
SEK/GBP - 10.8591
AED/GBP - 5.7485
US$/EURO - 1.2289
INR/GBP - 86.63
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 day as the Bank of England’s latest meeting minutes revealed that the decision to increase quantitative easing by £50 billion was not unanimous as 2 members voted not to increase the asset purchase facility. This lack on unity causes concern for some investors as it is clear that not all the MPC members have the same view on how to tackle the current economic downturn. Unemployment figures in the UK have dropped to 8.1%; but, questions remain as to how much of this is employment is temporary work due to the Olympics. Other employment data showed the change in the number of people claiming unemployment benefits was in line with expectations. Monthly retail sales figures released today will be the main news on the agenda; so, call in now for the latest news and a live quote.
The euro struggled yesterday as risk aversion dominated the market following the German Chancellor expressing her concerns for the future of the euro. Spanish bond yields rose again despite falling back briefly on Tuesday and in a similar vein, the two year German bond auction yesterday registered negative yields for the first time ever underlining investors' risk concerns at present with a flight to safety. Trade balance figures are the main release of note on an otherwise quiet day in Europe; so, call in now for the latest news and a live quote.
The US dollar performed well yesterday due to its status as a safe haven currency in a risk adverse market. The Chairman of the Federal Reserve Bank was speaking once again; but, failed to provide any more clarity merely suggesting that the current situation was “unsustainable” and that the Federal Bank was ready to take action if necessary. Positive data released showed that the number of housing starts has increased posting a figure of 760,000 whilst the number of new residential building permits granted came in as expected. Out today, figures depicting the number of existing homes sold in the previous month, the change in the number of people claiming unemployment benefits and the manufacturing index figures from Philadelphia are all released on a busy day for the US data. Call in now for the latest news and a live quote.
Elsewhere, the Japanese yen was one of the best performers yesterday due to risk aversion, whilst the Australian dollar also performed well. The Bank of Canada’s monetary policy report and press conference yesterday outlined the expectation that Canadian economic growth would struggle due to weak global and domestic conditions.
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
