GBP/EUR - 1.2405
GBP/USD - 1.6024
EUR/GBP - 0.8063
EUR/USD - 1.2914
GBP/AED - 5.8838
GBP/AUD - 1.5672
GBP/CAD - 1.5708
GBP/CHF - 1.5002
GBP/HKD - 12.4271
GBP/INR - 85.06
GBP/JPY - 125.92
GBP/NZD - 1.9678
GBP/SEK - 10.7412
GBP/ZAR - 14.0321
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 traded particularly flat against the majority of currencies on Friday due to a lack of any significant data being released. It is a big week ahead for sterling and the UK in general, with a vast amount of data being released including inflation data which is forecast to be 2.3% , Public Sector Net Borrowing figures, data showing the number of people claiming unemployment benefits during the past month and retail sales figures. In addition the Monetary Policy Committee (MPC) latest meeting minutes will be released and are expected to show that all 9 members voted to keep interest rates and quantitative easing on hold for the time being. Any variation in voting would cause a lot of volatility and with so much going on in Europe and in Spain in particular the potential for rapid market movements remains high. So please call in for a price and to discuss matters in detail with your trader.
The euro stayed relatively range bound on Friday; but improved marginally against the US dollar with news that Spain is increasingly likely to formally request a bailout. German economic sentiment coming out on Tuesday is forecast to show a slight improvement which could in turn strengthen the euro. Other data out this week includes inflation data and current account figures which are expected to show a small increase. The EU economic summit starts on Thursday and any news leaked from these meetings regarding Greece or Spain could cause volatility in the markets. It also means that the benchmark 10-year Spanish bond auction on Thursday will have even more attention drawn to it than normal, so call in now for the latest news and changes in the euro rate.
The US dollar stayed fairly range bound on Friday against the other major currencies despite data revealing that consumer confidence has risen to its highest level since before the global financial crisis. It is a full week for economic data in the US headlined by retail sales data, inflation figures and manufacturing data. There will also be housing data released alongside figures showing the change in number of new people claiming unemployment benefits which will be watched closely after last week’s reading showed a drop in unemployment to a 4 year low. Please call in now for the latest news and a live update.
Elsewhere, the South African rand was extremely weak again on Friday as Standard & Poor’s (one of the big three credit rating agencies) downgraded the country’s sovereign debt ratings to a 3.5 year low against the US dollar. GDP figures and inflation data announced from China this week will go some way to outline the state of the world second biggest economy. More inflation data will be released from New Zealand and Canada whilst the minutes from the latest monetary policy in Australia will also be announced. 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/USD - 1.6024
EUR/GBP - 0.8063
EUR/USD - 1.2914
GBP/AED - 5.8838
GBP/AUD - 1.5672
GBP/CAD - 1.5708
GBP/CHF - 1.5002
GBP/HKD - 12.4271
GBP/INR - 85.06
GBP/JPY - 125.92
GBP/NZD - 1.9678
GBP/SEK - 10.7412
GBP/ZAR - 14.0321
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 traded particularly flat against the majority of currencies on Friday due to a lack of any significant data being released. It is a big week ahead for sterling and the UK in general, with a vast amount of data being released including inflation data which is forecast to be 2.3% , Public Sector Net Borrowing figures, data showing the number of people claiming unemployment benefits during the past month and retail sales figures. In addition the Monetary Policy Committee (MPC) latest meeting minutes will be released and are expected to show that all 9 members voted to keep interest rates and quantitative easing on hold for the time being. Any variation in voting would cause a lot of volatility and with so much going on in Europe and in Spain in particular the potential for rapid market movements remains high. So please call in for a price and to discuss matters in detail with your trader.
The euro stayed relatively range bound on Friday; but improved marginally against the US dollar with news that Spain is increasingly likely to formally request a bailout. German economic sentiment coming out on Tuesday is forecast to show a slight improvement which could in turn strengthen the euro. Other data out this week includes inflation data and current account figures which are expected to show a small increase. The EU economic summit starts on Thursday and any news leaked from these meetings regarding Greece or Spain could cause volatility in the markets. It also means that the benchmark 10-year Spanish bond auction on Thursday will have even more attention drawn to it than normal, so call in now for the latest news and changes in the euro rate.
The US dollar stayed fairly range bound on Friday against the other major currencies despite data revealing that consumer confidence has risen to its highest level since before the global financial crisis. It is a full week for economic data in the US headlined by retail sales data, inflation figures and manufacturing data. There will also be housing data released alongside figures showing the change in number of new people claiming unemployment benefits which will be watched closely after last week’s reading showed a drop in unemployment to a 4 year low. Please call in now for the latest news and a live update.
Elsewhere, the South African rand was extremely weak again on Friday as Standard & Poor’s (one of the big three credit rating agencies) downgraded the country’s sovereign debt ratings to a 3.5 year low against the US dollar. GDP figures and inflation data announced from China this week will go some way to outline the state of the world second biggest economy. More inflation data will be released from New Zealand and Canada whilst the minutes from the latest monetary policy in Australia will also be announced. 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
