GBP/EUR - 1.2385
GBP/USD - 1.6082
EUR/GBP - 0.8068
EUR/USD - 1.2982
GBP/AED - 5.8951
GBP/AUD - 1.5642
GBP/CAD - 1.5781
GBP/CHF - 1.4964
GBP/HKD - 12.4631
GBP/INR - 84.94
GBP/JPY - 126.86
GBP/NZD - 1.9661
GBP/SEK - 10.6712
GBP/ZAR - 14.0932
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 fairly flat yesterday with little data out of the UK to inspire dramatic price action. Housing data released showed that house prices had increased by 3.5% in October; but, this had little effect on sterling’s relative strength. Important inflation data is released today and the Consumer Price Index (CPI) reading is forecast at a 2.2% change from this time last year. Any variance from this figure and we could see sterling on the move, so please call in now for the latest news and rates.
The euro traded in a similar pattern to sterling yesterday and stayed fairly range bound against most of the major currencies. Greece's benchmark 10-year bond yields fell to 17.34% which is the lowest they have been since requesting a bailout. Confidence appears to be slowly returning to investors in part due to the now fully operational €500 billion support fund knows the European Stability Mechanism (ESM). Out today, the German economic sentiment figures will take much of the focus and current expectations point to a slight improvement. Inflation data will also be released today and is expected to remain consistent with last month's figures; but, much attention will be on EU summit later in the week, so call in now for the latest news and changes in the euro rate.
The US dollar stayed fairly range bound yesterday despite the US retail sales increasing by 1.1% in September, beating all expectations. Data has been fairly positive for the US recently and investors will hope this trend continues as trader’s attitude to risk is greatly influenced by the state of the world’s largest economy. Inflation figures are released today and are expected to show a marginal improvement. Please call in now for the latest news and a live update.
Elsewhere, the South African rand continued to fall yesterday following Standard & Poor’s (one of the big three credit rating agencies) cutting their credit rating. The Japanese yen also lost ground yesterday following the positive retail data emerging from the US and as investors speculate about potential central bank intervention. The Australian dollar and New Zealand dollar remain relatively low following earlier declines, with the New Zealand dollar actually touching a month low as data from their services industry was worse than expected. Overnight we saw inflation data from New Zealand released as well as the minutes from the latest monetary policy in Australia. 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 - 1.6082
EUR/GBP - 0.8068
EUR/USD - 1.2982
GBP/AED - 5.8951
GBP/AUD - 1.5642
GBP/CAD - 1.5781
GBP/CHF - 1.4964
GBP/HKD - 12.4631
GBP/INR - 84.94
GBP/JPY - 126.86
GBP/NZD - 1.9661
GBP/SEK - 10.6712
GBP/ZAR - 14.0932
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 fairly flat yesterday with little data out of the UK to inspire dramatic price action. Housing data released showed that house prices had increased by 3.5% in October; but, this had little effect on sterling’s relative strength. Important inflation data is released today and the Consumer Price Index (CPI) reading is forecast at a 2.2% change from this time last year. Any variance from this figure and we could see sterling on the move, so please call in now for the latest news and rates.
The euro traded in a similar pattern to sterling yesterday and stayed fairly range bound against most of the major currencies. Greece's benchmark 10-year bond yields fell to 17.34% which is the lowest they have been since requesting a bailout. Confidence appears to be slowly returning to investors in part due to the now fully operational €500 billion support fund knows the European Stability Mechanism (ESM). Out today, the German economic sentiment figures will take much of the focus and current expectations point to a slight improvement. Inflation data will also be released today and is expected to remain consistent with last month's figures; but, much attention will be on EU summit later in the week, so call in now for the latest news and changes in the euro rate.
The US dollar stayed fairly range bound yesterday despite the US retail sales increasing by 1.1% in September, beating all expectations. Data has been fairly positive for the US recently and investors will hope this trend continues as trader’s attitude to risk is greatly influenced by the state of the world’s largest economy. Inflation figures are released today and are expected to show a marginal improvement. Please call in now for the latest news and a live update.
Elsewhere, the South African rand continued to fall yesterday following Standard & Poor’s (one of the big three credit rating agencies) cutting their credit rating. The Japanese yen also lost ground yesterday following the positive retail data emerging from the US and as investors speculate about potential central bank intervention. The Australian dollar and New Zealand dollar remain relatively low following earlier declines, with the New Zealand dollar actually touching a month low as data from their services industry was worse than expected. Overnight we saw inflation data from New Zealand released as well as the minutes from the latest monetary policy in Australia. 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
