EURO/GBP - 1.2610
US$/GBP – 1.5855
CHF/GBP – 1.5154
CAN$/GBP - 1.5638
AUS$/GBP – 1.5468
ZAR/GBP – 13.3174
JPY/GBP – 124.18
HKD/GBP – 12.3005
NZD/GBP – 1.9812
SEK/GBP – 10.5641
AED/GBP – 5.8246
US$/EURO - 1.2564
INR/GBP - 87.94
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 relatively strong day on Friday as the markets looked towards the annual Jackson Hole symposium and data released showed the change in house prices had increased by much more than expected reaching 1.3% from -0.8% last month. Manufacturing, construction and services Purchasers Managers Index (PMI) figures are released throughout the week which will be closely monitored by investors. The main event this week will be the Bank of England’s decision on interest rates and quantitative easing which are both expected to be kept on hold. The statement that follows should provide some insight into the central banks opinion on the state of the UK’s economy. After a quite few months, trading volumes should start to pick up again and with a busy month for data globally we could see a lot of volatility. Call in now for the latest rates.
The euro continued its strong run against the US dollar on Friday despite the news that Standard and Poor’s (one of the big three credit rating agencies) has downgraded the Catalonia region in Spain. Other data released included poor unemployment data and inflation estimates rose from 2.4% last month to 2.6%. The ECB’s interest rate decision on Thursday will be the main event; but, is widely expected to be kept on hold at 0.75%. Services and manufacturing PMI data will be released and the President of the ECB is also speaking. Call in now for the latest news.
The US dollar was weak on Friday as the Chairman of the Federal Bank hinted at the annual Jackson Hole symposium that more quantitative easing could be implemented to shore up the US economy especially if unemployment level remains high; however, he made no suggestion regarding the timing. The Chairman made clear his feelings that the positives of more quantitative easing outweighed the negatives; however, provided little new information for the markets to digest. It is a bank holiday today in the US; so, volatility should remain relatively low. Manufacturing and non-manufacturing PMI data will be released later on this week alongside a raft of unemployment data which includes the highly influential non – farm pay roll data which will be announced on Friday. All of these especially the non-farm payroll figures will be watched extremely closely following the comments made by Chairman of the Federal Bank. Get the latest news by calling in.
Elsewhere, Canadian GDP figures released on Friday were marginally better than expected showing growth of 0.2% when only 0.1% had been anticipated and Chinese Manufacturing PMI released on Saturday showed a contraction for the first time in 2012. A busy week for Australia includes the Reserve Bank of Australia’s interest rate decision which is expected to be kept on hold at 3.5%, GDP figures are expected to have dropped to 0.9% and unemployment data and trade balance figures will also be announced. The Bank of Canada is also expected to keep interest rates on hold at 1% this week and unemployment data and PMI data will also be released. From Switzerland, retail sales will be announced and the Chairman of the Swiss National Bank (SNB) is also speaking. Call in now for the latest news and a live quote.
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$/GBP – 1.5855
CHF/GBP – 1.5154
CAN$/GBP - 1.5638
AUS$/GBP – 1.5468
ZAR/GBP – 13.3174
JPY/GBP – 124.18
HKD/GBP – 12.3005
NZD/GBP – 1.9812
SEK/GBP – 10.5641
AED/GBP – 5.8246
US$/EURO - 1.2564
INR/GBP - 87.94
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 relatively strong day on Friday as the markets looked towards the annual Jackson Hole symposium and data released showed the change in house prices had increased by much more than expected reaching 1.3% from -0.8% last month. Manufacturing, construction and services Purchasers Managers Index (PMI) figures are released throughout the week which will be closely monitored by investors. The main event this week will be the Bank of England’s decision on interest rates and quantitative easing which are both expected to be kept on hold. The statement that follows should provide some insight into the central banks opinion on the state of the UK’s economy. After a quite few months, trading volumes should start to pick up again and with a busy month for data globally we could see a lot of volatility. Call in now for the latest rates.
The euro continued its strong run against the US dollar on Friday despite the news that Standard and Poor’s (one of the big three credit rating agencies) has downgraded the Catalonia region in Spain. Other data released included poor unemployment data and inflation estimates rose from 2.4% last month to 2.6%. The ECB’s interest rate decision on Thursday will be the main event; but, is widely expected to be kept on hold at 0.75%. Services and manufacturing PMI data will be released and the President of the ECB is also speaking. Call in now for the latest news.
The US dollar was weak on Friday as the Chairman of the Federal Bank hinted at the annual Jackson Hole symposium that more quantitative easing could be implemented to shore up the US economy especially if unemployment level remains high; however, he made no suggestion regarding the timing. The Chairman made clear his feelings that the positives of more quantitative easing outweighed the negatives; however, provided little new information for the markets to digest. It is a bank holiday today in the US; so, volatility should remain relatively low. Manufacturing and non-manufacturing PMI data will be released later on this week alongside a raft of unemployment data which includes the highly influential non – farm pay roll data which will be announced on Friday. All of these especially the non-farm payroll figures will be watched extremely closely following the comments made by Chairman of the Federal Bank. Get the latest news by calling in.
Elsewhere, Canadian GDP figures released on Friday were marginally better than expected showing growth of 0.2% when only 0.1% had been anticipated and Chinese Manufacturing PMI released on Saturday showed a contraction for the first time in 2012. A busy week for Australia includes the Reserve Bank of Australia’s interest rate decision which is expected to be kept on hold at 3.5%, GDP figures are expected to have dropped to 0.9% and unemployment data and trade balance figures will also be announced. The Bank of Canada is also expected to keep interest rates on hold at 1% this week and unemployment data and PMI data will also be released. From Switzerland, retail sales will be announced and the Chairman of the Swiss National Bank (SNB) is also speaking. Call in now for the latest news and a live quote.
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
