08/08/2012

EURO/GBP - 1.2589
US$/GBP – 1.5586
CHF/GBP – 1.5130
CAN$/GBP - 1.5555
AUS$/GBP – 1.4784
ZAR/GBP – 12.7475
JPY/GBP – 122.17
HKD/GBP - 12.0878
NZD/GBP – 1.9176
SEK/GBP – 10.4939
AED/GBP – 5.7243
US$/EURO - 1.2376
INR/GBP - 86.03

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

Better than expected industrial and manufacturing data for the UK for June released yesterday helped support sterling. This saw sterling gain nearly a cent against the US dollar and just under half a cent against the euro at the start of the day. During the course of the day we saw some of these gains given back. Today we have the Bank of England’s inflation report released which again has the potential to surprise and as we have seen surprises can result in rapid movements either way. Call in now to see how sterling is faring.

The euro continues to benefit from a belief that the European Central Bank will continue to buy the government debt of Italy and Spain. Germans support announced on Monday for the ECB’s actions was clearly very helpful. However the detail of how full intervention will work is still awaited and experience over the last two years has been one of constant disappointment. Get the latest news by calling in.

The US dollar continues to trade in a narrow range against sterling with a peak around the US$1.57/£1 level and a low at US$1.55/£1. As noted better than expected UK economic data boosted sterling in the short term as it pushed up towards the upper end of this range yesterday morning. Limited economic data out in the US today so it is likely to be news elsewhere than influences movement. Get the latest rates now by calling.

The Australian dollar pushed towards a low of 1.47 against sterling yesterday as the Australian Reserve Bank keep interest rates on hold at 3.5%. Very much as expected but highly supportive as investors wanting a triple A and high yielding currency will look no further than the Australian dollar. See how the other currencies are performing by getting in touch.

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).