EURO/GBP - 1.2701
US$/GBP – 1.5667
CHF/GBP – 1.5260
CAN$/GBP - 1.5558
AUS$/GBP – 1.4960
ZAR/GBP – 12.8345
JPY/GBP – 123.62
HKD/GBP – 12.1542
NZD/GBP – 1.9466
SEK/GBP – 10.5069
AED/GBP – 5.7548
US$/EURO - 1.2332
INR/GBP - 86.96
US$/GBP – 1.5667
CHF/GBP – 1.5260
CAN$/GBP - 1.5558
AUS$/GBP – 1.4960
ZAR/GBP – 12.8345
JPY/GBP – 123.62
HKD/GBP – 12.1542
NZD/GBP – 1.9466
SEK/GBP – 10.5069
AED/GBP – 5.7548
US$/EURO - 1.2332
INR/GBP - 86.96
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
We seem to be in the summer doldrums with sterling having a fairly stable day with trading volumes at record lows. Inflation data in the UK headlined by the Consumer Price Index (CPI) showed that inflation had unexpectedly risen by more than anticipated. The Bank of England’s latest meeting minutes released today are expected to show that all of the members of the Monetary Policy Committee (MPC) voted to keep the asset purchase facility and interest rates on hold. Anything else will be a significant surprise to the market and could result in significant movements in exchange rates especially with such low trading volumes. Other data released today includes the change in the number of new people claiming unemployment benefits. Call in now for the latest rates.
The euro was temporarily buoyed by the release of better than expected preliminary GDP figures from France and Germany. The data showed that France is not quite in recession; but, is instead stagnating whilst German figures showed marginally better than expected growth figures of 0.3; however, this is still down on last quarter. Much of Europe remains in deep recession and the Europe area wide preliminary GDP figures came in as expected at -0.2%. German economic sentiment figures were also worse than expected. Expect a very quiet day on the data front today with the Assumption day bank holiday celebrated across much of Europe; however, with news released in the UK and the US and so much uncertainty in the Eurozone there is always the potential for volatility. Call in now for the latest news.
The US dollar had a mixed day yesterday as much better than expected retail sales figures were released showing growth of 0.8% when only 0.4% had been anticipated. Producer Price Index (PPI) inflation figures came in as expected and the market will now look towards the monthly CPI data released today for influence. Get the latest news by calling in.
Elsewhere, India's July inflation rate was released showing a figure of 6.87%, when 7.20% had been expected. Retail sales figures in New Zealand were slightly better than expected and the latest monetary policy meeting minutes from the Bank of Japan revealed that despite a unanimous vote to keep rates unchanged, a number of members were worried that the Japanese economy could struggle due to the on-going problems in Europe which weighed on the yen’s strength. Australian consumer sentiment figures were released overnight; however, very little other significant data will be released today; so, call in now for the latest news.
