GBP/EUR - 1.2306
GBP/USD - 1.6132
EUR/GBP - 0.8120
EUR/USD - 1.3102
GBP/AED - 5.9232
GBP/AUD - 1.5641
GBP/CAD - 1.5906
GBP/CHF - 1.4894
GBP/HKD - 12.4981
GBP/INR - 85.08
GBP/JPY - 127.02
GBP/NZD - 1.9732
GBP/SEK - 10.6321
GBP/ZAR - 13.9812
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 day yesterday and is clearly under pressure against the euro falling to 1.231 this morning. We have seen over the course of the last couple of months sterling lose over five cents against the euro and we are now at a level where we could see sterling weaken to 1.20 fairly quickly. Sterling performed relatively well against the US dollar as risk appetite drove the market. Inflation data out of the UK came out as widely anticipated posting a figure of 2.2% which is the lowest level for almost 3 years which put pressure on sterling’s relative strength. The latest meeting minutes from Monetary Policy Committee (MPC) will be released today and are expected to show that all 9 members voted to keep interest rates and quantitative easing on hold. Labour data will also be released today and will reveal the change in the number of people claiming unemployment benefits during the past month and the overall unemployment rate in the UK and often instigates price action as it is a clear indicator of economic strength, so please call in now for the latest news and rates.
The euro strengthened against the majority of currencies yesterday due to an increase in risk appetite within the market, rising above 1.30 against the US dollar for the first time in a week, whilst pushing close to a four month high against sterling. This shift in the markets attitude to risk was thanks mainly to the combination of improved German economic sentiment and increased speculation of a Spanish bailout. There is very little official data out of Europe today; but, expect the markets to be tentative in advance of Thursday's EU Economic Summit, where much attention will be given to the increasingly likely Spanish Bailout, so call in now for the latest news and changes in the euro rate.
The US dollar fell against most of the other major currencies yesterday as US industrial production rose by more than forecast last month and due to a general increase in risk appetite across the market. In addition, US consumer inflation increased 0.6% in September; whilst the core reading (which excludes food and energy prices) increased by 0.1% for a third month in a row. Out today we have housing data released in the form of the number of new houses that have started to be built in the last month and the number of new building permits that have been issued in the last month. Please call in now for the latest news and a live update.
Elsewhere, the Japanese yen struggled against its major counterparts as risk appetite became the main driver in the market. The New Zealand dollar fell against all major rivals as data released overnight showed inflation was at its weakest pace in 12 years. The Canadian dollar also struggled despite an unexpected increase in manufacturing sales due to the Governor Bank of Canada hinting that he may look to lower Canada’s growth forecast. Swiss economic expectations figures will be the main release today on what is otherwise a quiet day on the data front. 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 - 1.6132
EUR/GBP - 0.8120
EUR/USD - 1.3102
GBP/AED - 5.9232
GBP/AUD - 1.5641
GBP/CAD - 1.5906
GBP/CHF - 1.4894
GBP/HKD - 12.4981
GBP/INR - 85.08
GBP/JPY - 127.02
GBP/NZD - 1.9732
GBP/SEK - 10.6321
GBP/ZAR - 13.9812
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 day yesterday and is clearly under pressure against the euro falling to 1.231 this morning. We have seen over the course of the last couple of months sterling lose over five cents against the euro and we are now at a level where we could see sterling weaken to 1.20 fairly quickly. Sterling performed relatively well against the US dollar as risk appetite drove the market. Inflation data out of the UK came out as widely anticipated posting a figure of 2.2% which is the lowest level for almost 3 years which put pressure on sterling’s relative strength. The latest meeting minutes from Monetary Policy Committee (MPC) will be released today and are expected to show that all 9 members voted to keep interest rates and quantitative easing on hold. Labour data will also be released today and will reveal the change in the number of people claiming unemployment benefits during the past month and the overall unemployment rate in the UK and often instigates price action as it is a clear indicator of economic strength, so please call in now for the latest news and rates.
The euro strengthened against the majority of currencies yesterday due to an increase in risk appetite within the market, rising above 1.30 against the US dollar for the first time in a week, whilst pushing close to a four month high against sterling. This shift in the markets attitude to risk was thanks mainly to the combination of improved German economic sentiment and increased speculation of a Spanish bailout. There is very little official data out of Europe today; but, expect the markets to be tentative in advance of Thursday's EU Economic Summit, where much attention will be given to the increasingly likely Spanish Bailout, so call in now for the latest news and changes in the euro rate.
The US dollar fell against most of the other major currencies yesterday as US industrial production rose by more than forecast last month and due to a general increase in risk appetite across the market. In addition, US consumer inflation increased 0.6% in September; whilst the core reading (which excludes food and energy prices) increased by 0.1% for a third month in a row. Out today we have housing data released in the form of the number of new houses that have started to be built in the last month and the number of new building permits that have been issued in the last month. Please call in now for the latest news and a live update.
Elsewhere, the Japanese yen struggled against its major counterparts as risk appetite became the main driver in the market. The New Zealand dollar fell against all major rivals as data released overnight showed inflation was at its weakest pace in 12 years. The Canadian dollar also struggled despite an unexpected increase in manufacturing sales due to the Governor Bank of Canada hinting that he may look to lower Canada’s growth forecast. Swiss economic expectations figures will be the main release today on what is otherwise a quiet day on the data front. 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
