This week (Last week)
GBP/USD - 1.6191 (GBP/USD - 1.5928)
GBP/CHF - 1.5098 (GBP/CHF - 1.5232)
GBP/CAN - 1.5644 (GBP/CAN - 1.5638)
GBP/AUS - 1.5306 (GBP/AUS - 1.5436)
GBP/ZAR - 13.3132 (GBP/ZAR - 13.1431)
GBP/JPY - 125.68 (GBP/JPY - 125.82)
GBP/HKD - 12.5610 (GBP/HKD - 12.3628)
GBP/NZD - 1.9412 (GBP/NZD - 1.9844)
GBP/SEK - 10.5905 (GBP/SEK - 10.7429)
GBP/AED - 5.9465 (GBP/AED - 5.8506)
EUR/USD - 1.3034 (EUR/USD - 1.2641)
GBP/INR - 88.81 (GBP/INR - 88.38)
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:
Sterling has had a mixed week as the markets were moved by shifts in risk sentiment due to key events announced in the US and Europe. Sterling has been particularly strong against the US dollar briefly hitting 1.62 overnight (a 4 month high); whilst weakening towards 1.24 this morning against the euro (a 2 month low) as risk appetite drove the market. Labour data released this week revealed that 15,000 less people are claiming unemployment benefits compared to last month; however, the overall unemployment rate has risen by 0.1%. There is very little data out of the UK today; so, expect sterling to trade on the side-lines and to continue to be influenced from news out of the US and Europe. Call in now for the latest rates.
The euro performed well this week following the news that the German Federal Constitutional Court had ruled in favour of the €500 billion support fund known as the European Stability Mechanism (ESM), despite conditions being made stating that the Germans were only liable to €190 billion. More positivity came as the Dutch General Elections revealed voters in the Netherlands backed two pro-European parties which should create a little more stability for the single currency. Today, inflation data will be released in the morning and then the EU finance ministers will meet to discuss the state of Europe and the Eurozone in general. Whilst these meetings are closed to the public we often hear leaked information which can influence the markets. Call in now for the latest news
The US dollar was one of the worst performing currencies this week as the markets prepared itself for central bank intervention at yesterday's Federal Open Market Committee (FOMC) announcement. As expected, the FOMC announced it will undertake a third round of quantitative easing in attempt to shore up the US economy and in particular the struggling labour market. The FOMC pledged to buy $40 billion long term securities a month with no specific end date in mind, whilst also committing to keep interest rates at an all-time low until the middle 2015 at the very least. In other news, Moody’s (one of the big three credit rating agencies) has also warned that the US could have its credit rating downgraded. It is another busy day in the US today with retail sales figure, inflation data and consumer confidence statistics all on the agenda. Get the latest news by calling in.
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
GBP/USD - 1.6191 (GBP/USD - 1.5928)
GBP/CHF - 1.5098 (GBP/CHF - 1.5232)
GBP/CAN - 1.5644 (GBP/CAN - 1.5638)
GBP/AUS - 1.5306 (GBP/AUS - 1.5436)
GBP/ZAR - 13.3132 (GBP/ZAR - 13.1431)
GBP/JPY - 125.68 (GBP/JPY - 125.82)
GBP/HKD - 12.5610 (GBP/HKD - 12.3628)
GBP/NZD - 1.9412 (GBP/NZD - 1.9844)
GBP/SEK - 10.5905 (GBP/SEK - 10.7429)
GBP/AED - 5.9465 (GBP/AED - 5.8506)
EUR/USD - 1.3034 (EUR/USD - 1.2641)
GBP/INR - 88.81 (GBP/INR - 88.38)
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:
Sterling has had a mixed week as the markets were moved by shifts in risk sentiment due to key events announced in the US and Europe. Sterling has been particularly strong against the US dollar briefly hitting 1.62 overnight (a 4 month high); whilst weakening towards 1.24 this morning against the euro (a 2 month low) as risk appetite drove the market. Labour data released this week revealed that 15,000 less people are claiming unemployment benefits compared to last month; however, the overall unemployment rate has risen by 0.1%. There is very little data out of the UK today; so, expect sterling to trade on the side-lines and to continue to be influenced from news out of the US and Europe. Call in now for the latest rates.
The euro performed well this week following the news that the German Federal Constitutional Court had ruled in favour of the €500 billion support fund known as the European Stability Mechanism (ESM), despite conditions being made stating that the Germans were only liable to €190 billion. More positivity came as the Dutch General Elections revealed voters in the Netherlands backed two pro-European parties which should create a little more stability for the single currency. Today, inflation data will be released in the morning and then the EU finance ministers will meet to discuss the state of Europe and the Eurozone in general. Whilst these meetings are closed to the public we often hear leaked information which can influence the markets. Call in now for the latest news
The US dollar was one of the worst performing currencies this week as the markets prepared itself for central bank intervention at yesterday's Federal Open Market Committee (FOMC) announcement. As expected, the FOMC announced it will undertake a third round of quantitative easing in attempt to shore up the US economy and in particular the struggling labour market. The FOMC pledged to buy $40 billion long term securities a month with no specific end date in mind, whilst also committing to keep interest rates at an all-time low until the middle 2015 at the very least. In other news, Moody’s (one of the big three credit rating agencies) has also warned that the US could have its credit rating downgraded. It is another busy day in the US today with retail sales figure, inflation data and consumer confidence statistics all on the agenda. Get the latest news by calling in.
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
