This week (Last week)
GBP/EUR - 1.2394 (GBP/EUR - 1.2438 )
GBP/USD - 1.6032 (GBP/USD - 1.6182 )
EUR/GBP - 0.8077 (EUR/GBP - 0.8043 )
EUR/USD - 1.2936 (EUR/USD - 1.3002 )
GBP/AED - 5.8886 (GBP/AED - 5.9391 )
GBP/AUD - 1.5593 (GBP/AUD - 1.5788 )
GBP/CAD - 1.5682 (GBP/CAD - 1.5871 )
GBP/CHF - 1.4983 (GBP/CHF - 1.5078 )
GBP/HKD - 12.4323 (GBP/HKD - 12.5468 )
GBP/INR - 84.37 (GBP/INR - 83.61 )
GBP/NZD - 1.9561 (GBP/NZD - 1.9632 )
GBP/SEK - 10.7431 (GBP/SEK - 10.7064 )
GBP/ZAR - 13.8331 (GBP/ZAR - 13.8374 )
GBP/JPY - 125.79 (GBP/JPY - 126.82 )
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 has had a mixed week as more bad news came from the manufacturing sector with data showing that production had fallen by 1.2%. On a more positive note, the National Institute of Economic and Social Research (NIESR) said that in the third quarter the UK had grown by 0.8%, the strongest growth for 2 years; however, the International Monetary Fund (IMF) forecasts suggest that the UK’s economy will shrink by 0.4% in 2012. Following yesterday's G7 meeting, the International Monetary Fund (IMF) now meets for 2 days and any leaked news from these meetings could cause volatility in the market, so please call in now for the latest news and rates.
The euro struggled in the early part of the week as the markets became nervous that Spain would continue to delay making a request for a full government bailout; furthermore, the President of the European Central Bank (ECB) mirrored comments by the IMF suggesting that growth in Europe would be extremely sluggish. Yesterday however, rumours that there could be an imminent request for a full Spanish bailout grew due to the extra pressure put on the nation by Standard & Poor’s (one of the big three credit rating agencies) who cut Spain’s credit rating. Data showing the monthly volume change of output in the manufacturing sector will be released today; but, news regarding Spain will have a much bigger impact on the euro’s relative strength, so call in now for the latest news and changes in the euro rate.
The US dollar performed fairly well in the early part of the week as investors sought safer havens for their money in a risk adverse market; however, as rumours regarding a potential Spanish bailout developed the US dollar weakened off against most of its major peers. Data released yesterday showed that the number of new people claiming unemployment benefits had dropped to a 4 year low. This indicates that the labour market in the world’s biggest economy appears to be recovering and in turn sparked increased risk appetite in the market. It is another full economic agenda in the US today with inflation data, consumer sentiment figure and the Federal budget balance. Please call in now for the latest news and a live update.
Elsewhere, the South African rand had a turbulent week being one of the worst performers on Monday as more industrial action took place; but then staged a strong recovery as unions brought an end to their strikes. In a similar pattern to the US dollar, the Japanese yen (another safe haven) performed well in the first couple of days this week; but, then struggled as risk appetite began to drive the market. The Polish zloty struggled as rumours spread that its central bank may look to cut interest rates in the near future. 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 - 1.2394 (GBP/EUR - 1.2438 )
GBP/USD - 1.6032 (GBP/USD - 1.6182 )
EUR/GBP - 0.8077 (EUR/GBP - 0.8043 )
EUR/USD - 1.2936 (EUR/USD - 1.3002 )
GBP/AED - 5.8886 (GBP/AED - 5.9391 )
GBP/AUD - 1.5593 (GBP/AUD - 1.5788 )
GBP/CAD - 1.5682 (GBP/CAD - 1.5871 )
GBP/CHF - 1.4983 (GBP/CHF - 1.5078 )
GBP/HKD - 12.4323 (GBP/HKD - 12.5468 )
GBP/INR - 84.37 (GBP/INR - 83.61 )
GBP/NZD - 1.9561 (GBP/NZD - 1.9632 )
GBP/SEK - 10.7431 (GBP/SEK - 10.7064 )
GBP/ZAR - 13.8331 (GBP/ZAR - 13.8374 )
GBP/JPY - 125.79 (GBP/JPY - 126.82 )
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 has had a mixed week as more bad news came from the manufacturing sector with data showing that production had fallen by 1.2%. On a more positive note, the National Institute of Economic and Social Research (NIESR) said that in the third quarter the UK had grown by 0.8%, the strongest growth for 2 years; however, the International Monetary Fund (IMF) forecasts suggest that the UK’s economy will shrink by 0.4% in 2012. Following yesterday's G7 meeting, the International Monetary Fund (IMF) now meets for 2 days and any leaked news from these meetings could cause volatility in the market, so please call in now for the latest news and rates.
The euro struggled in the early part of the week as the markets became nervous that Spain would continue to delay making a request for a full government bailout; furthermore, the President of the European Central Bank (ECB) mirrored comments by the IMF suggesting that growth in Europe would be extremely sluggish. Yesterday however, rumours that there could be an imminent request for a full Spanish bailout grew due to the extra pressure put on the nation by Standard & Poor’s (one of the big three credit rating agencies) who cut Spain’s credit rating. Data showing the monthly volume change of output in the manufacturing sector will be released today; but, news regarding Spain will have a much bigger impact on the euro’s relative strength, so call in now for the latest news and changes in the euro rate.
The US dollar performed fairly well in the early part of the week as investors sought safer havens for their money in a risk adverse market; however, as rumours regarding a potential Spanish bailout developed the US dollar weakened off against most of its major peers. Data released yesterday showed that the number of new people claiming unemployment benefits had dropped to a 4 year low. This indicates that the labour market in the world’s biggest economy appears to be recovering and in turn sparked increased risk appetite in the market. It is another full economic agenda in the US today with inflation data, consumer sentiment figure and the Federal budget balance. Please call in now for the latest news and a live update.
Elsewhere, the South African rand had a turbulent week being one of the worst performers on Monday as more industrial action took place; but then staged a strong recovery as unions brought an end to their strikes. In a similar pattern to the US dollar, the Japanese yen (another safe haven) performed well in the first couple of days this week; but, then struggled as risk appetite began to drive the market. The Polish zloty struggled as rumours spread that its central bank may look to cut interest rates in the near future. 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
