This week (Last week)
GBP/EUR – 1.2511 (GBP/EUR – 1.2410)
GBP/USD – 1.6248 (GBP/USD – 1.6191)
GBP/CHF – 1.5137 (GBP/CHF – 1.5098)
GBP/CAD – 1.5842 (GBP/CAD – 1.5644)
GBP/AUD – 1.5526 (GBP/AUD – 1.5306)
GBP/ZAR – 13.4520 (GBP/ZAR – 13.3132)
GBP/JPY – 126.98 (GBP/JPY – 125.68)
GBP/HKD – 12.5969 (GBP/HKD – 12.5610)
GBP/NZD – 1.9586 (GBP/NZD – 1.9412)
GBP/SEK – 10.6081 (GBP/SEK – 10.5905)
GBP/AED – 5.9697 (GBP/AED – 5.9465)
EUR/USD – 1.2984 (EUR/USD – 1.3034)
GBP/INR – 86.90 (GBP/INR – 88.81)
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 mixed week recovering from its 2 month low against the euro at the start of the week and holding its own against the US dollar during the course of the week. The Bank of England’s latest meeting minutes revealed that whilst no further quantitative easing was introduced in September’s meeting there is the potential for additional stimulus if the economy continues to struggle. Retail sales figures marginally beat expectations this week, but, still showed a drop of 0.2% from last month. The hope is that these figures are poor due to the Olympics effect and so the markets will play close attention to next month's release. Public sector net borrowing figures are the main release on the agenda today and are expected to show an increase of £13 billion from last month. Call in now for the latest rates.
The euro’s relief rally seems to have ended and the euro has been sold off against all major currencies this week as the markets realise that the underlining fundamentals across Europe are still extremely poor. Concerns that Spain may soon need to apply for a full sovereign bailout dominated the headlines whilst Purchasing Managers' Index (PMI) figures showed that the economic downturn seems to have worsened. There has also been contrasting opinions on how the proposed banking union should be supervised causing more uncertainty for the region. The Eurozone is back in the global headlines and any news from Spain has the potential to cause a lot of volatility. Call in now for the latest news.
The US dollar has performed better this week following its dramatic sell off last week after a third round of quantitative was announced. Notable data released included the number of homes (excluding new builds) that were sold during the previous month increasing to a 2 year high, whilst the Philly manufacturing index was better than expected. However the manufacturing index still indicated that economic conditions were worsening, hence the need for further quantitative easing. The US dollar had weakened to 4 month lows against both the euro and sterling in the early part of the week; but, now seems to be recovering. Get the latest news by calling in.
Elsewhere, the main news this week came from Japan after its central bank announced that it is increasing its program of asset purchases to help economic growth. This announcement caused temporary weakness for the yen; but, it soon strengthened again as risk appetite drove the market. Canadian inflation data will be the main release on the agenda and is expected to show prices have increased by just 0.3% on the primary reading. 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
GBP/EUR – 1.2511 (GBP/EUR – 1.2410)
GBP/USD – 1.6248 (GBP/USD – 1.6191)
GBP/CHF – 1.5137 (GBP/CHF – 1.5098)
GBP/CAD – 1.5842 (GBP/CAD – 1.5644)
GBP/AUD – 1.5526 (GBP/AUD – 1.5306)
GBP/ZAR – 13.4520 (GBP/ZAR – 13.3132)
GBP/JPY – 126.98 (GBP/JPY – 125.68)
GBP/HKD – 12.5969 (GBP/HKD – 12.5610)
GBP/NZD – 1.9586 (GBP/NZD – 1.9412)
GBP/SEK – 10.6081 (GBP/SEK – 10.5905)
GBP/AED – 5.9697 (GBP/AED – 5.9465)
EUR/USD – 1.2984 (EUR/USD – 1.3034)
GBP/INR – 86.90 (GBP/INR – 88.81)
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 mixed week recovering from its 2 month low against the euro at the start of the week and holding its own against the US dollar during the course of the week. The Bank of England’s latest meeting minutes revealed that whilst no further quantitative easing was introduced in September’s meeting there is the potential for additional stimulus if the economy continues to struggle. Retail sales figures marginally beat expectations this week, but, still showed a drop of 0.2% from last month. The hope is that these figures are poor due to the Olympics effect and so the markets will play close attention to next month's release. Public sector net borrowing figures are the main release on the agenda today and are expected to show an increase of £13 billion from last month. Call in now for the latest rates.
The euro’s relief rally seems to have ended and the euro has been sold off against all major currencies this week as the markets realise that the underlining fundamentals across Europe are still extremely poor. Concerns that Spain may soon need to apply for a full sovereign bailout dominated the headlines whilst Purchasing Managers' Index (PMI) figures showed that the economic downturn seems to have worsened. There has also been contrasting opinions on how the proposed banking union should be supervised causing more uncertainty for the region. The Eurozone is back in the global headlines and any news from Spain has the potential to cause a lot of volatility. Call in now for the latest news.
The US dollar has performed better this week following its dramatic sell off last week after a third round of quantitative was announced. Notable data released included the number of homes (excluding new builds) that were sold during the previous month increasing to a 2 year high, whilst the Philly manufacturing index was better than expected. However the manufacturing index still indicated that economic conditions were worsening, hence the need for further quantitative easing. The US dollar had weakened to 4 month lows against both the euro and sterling in the early part of the week; but, now seems to be recovering. Get the latest news by calling in.
Elsewhere, the main news this week came from Japan after its central bank announced that it is increasing its program of asset purchases to help economic growth. This announcement caused temporary weakness for the yen; but, it soon strengthened again as risk appetite drove the market. Canadian inflation data will be the main release on the agenda and is expected to show prices have increased by just 0.3% on the primary reading. 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
