This week - (Last week)
EURO/GBP 1.2724 - (EURO/GBP 1.2758)
US$/GBP 1.5522 - (US$/GBP 1.5675)
CHF/GBP 1.5297 - (CHF/GBP 1.5328)
CAN$/GBP 1.5604 - (CAN$/GBP 1.5828)
AUS$/GBP 1.4794 - (AUS$/GBP 1.5042)
ZAR/GBP 12.9650 - (ZAR/GBP 12.9145)
JPY/GBP 121.48 - (JPY/GBP 122.72)
HKD/GBP 12.0434 - (HKD/GBP 12.1620)
NZD/GBP 1.9082 - (NZD/GBP 1.9532)
SEK/GBP 10.5401 - (SEK/GBP 10.7591)
AED/GBP 5.7048 - (AED/GBP 5.7545)
US$/EURO 1.2193 - (US$/EURO 1.2278)
INR/GBP 87.06 - (INR/GBP 86.95)
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
Over the course of the week sterling has lost ground across the board as worries on the state of the UK economy continue and the possibility of the UK losing its AAA credit rating. But we did see a better day for sterling against the euro as it continued to weaken elsewhere. This was on the back of news elsewhere rather than any significant UK economic data being released. The Bank of England decided to sit on its hands and keep interest rates on hold and not increase their programme of quantitative easing. This wasn’t a surprise to the markets and therefore had little effect on sterling. Call in to get the latest rates and news releases.
The euro suffered as the rhetoric of last week from the President of the European Central Bank wasn’t supported by the announcement following their monthly meeting. A case of under delivering as the markets had reacted very positively to last week's statement that the ECB would do whatever it would take to support the euro. As a result we saw the euro lose ground across the board and yields on Spanish and Italian debt leap up. Find out what is happening today by giving us a call.
The US continues to benefit from the problems in Europe even though there was a lack of any real news in the US yesterday. Today we have the release of the highly influential non-farm payroll data which is expected to show an increase of 97,000. US unemployment is expected to stay at 8.2%. As this week's data has shown the US economy is hardly in robust shape and there is very much an expectation of further quantitative easing in September as the Federal Reserve decided to keep its powder dry at this month's meeting. Call in for an update.
The Australian dollar continues to gain ground pushing to the lower end of its two year range against sterling. Only a month or so ago it was at the top end as worries over the Chinese economy were to the fore. As ever don’t assume it is a one way street when it comes to exchange rates and call in now to get our traders thoughts.
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
EURO/GBP 1.2724 - (EURO/GBP 1.2758)
US$/GBP 1.5522 - (US$/GBP 1.5675)
CHF/GBP 1.5297 - (CHF/GBP 1.5328)
CAN$/GBP 1.5604 - (CAN$/GBP 1.5828)
AUS$/GBP 1.4794 - (AUS$/GBP 1.5042)
ZAR/GBP 12.9650 - (ZAR/GBP 12.9145)
JPY/GBP 121.48 - (JPY/GBP 122.72)
HKD/GBP 12.0434 - (HKD/GBP 12.1620)
NZD/GBP 1.9082 - (NZD/GBP 1.9532)
SEK/GBP 10.5401 - (SEK/GBP 10.7591)
AED/GBP 5.7048 - (AED/GBP 5.7545)
US$/EURO 1.2193 - (US$/EURO 1.2278)
INR/GBP 87.06 - (INR/GBP 86.95)
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
Over the course of the week sterling has lost ground across the board as worries on the state of the UK economy continue and the possibility of the UK losing its AAA credit rating. But we did see a better day for sterling against the euro as it continued to weaken elsewhere. This was on the back of news elsewhere rather than any significant UK economic data being released. The Bank of England decided to sit on its hands and keep interest rates on hold and not increase their programme of quantitative easing. This wasn’t a surprise to the markets and therefore had little effect on sterling. Call in to get the latest rates and news releases.
The euro suffered as the rhetoric of last week from the President of the European Central Bank wasn’t supported by the announcement following their monthly meeting. A case of under delivering as the markets had reacted very positively to last week's statement that the ECB would do whatever it would take to support the euro. As a result we saw the euro lose ground across the board and yields on Spanish and Italian debt leap up. Find out what is happening today by giving us a call.
The US continues to benefit from the problems in Europe even though there was a lack of any real news in the US yesterday. Today we have the release of the highly influential non-farm payroll data which is expected to show an increase of 97,000. US unemployment is expected to stay at 8.2%. As this week's data has shown the US economy is hardly in robust shape and there is very much an expectation of further quantitative easing in September as the Federal Reserve decided to keep its powder dry at this month's meeting. Call in for an update.
The Australian dollar continues to gain ground pushing to the lower end of its two year range against sterling. Only a month or so ago it was at the top end as worries over the Chinese economy were to the fore. As ever don’t assume it is a one way street when it comes to exchange rates and call in now to get our traders thoughts.
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
