GBP/EUR - 1.2276
GBP/USD - 1.6038
EUR/GBP - 0.8141
EUR/USD - 1.3052
GBP/AED - 5.8856
GBP/AUD - 1.5542
GBP/CAD - 1.5916
GBP/CHF - 1.4849
GBP/HKD - 12.4278
GBP/INR - 85.98
GBP/JPY - 127.62
GBP/NZD - 1.9616
GBP/SEK - 10.5381
GBP/ZAR - 13.8212
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 on Friday dropping at one stage below 1.60 against the US dollar. Against the euro it has stayed relatively range but did reach a four month low of 1.2270 in the early hours of the morning and the euro continues to be in the ascendancy. Public Sector Net Borrowing figures were better than expected falling to £12.8 billion providing some slight relief to the Chancellor as he tries to manage the ever growing debt pile. The preliminary GDP figures released this week will be the main release on the UK economic agenda and are expected to show modest growth of 0.6% for the third quarter which would be good news and provide a well needed boost to the state of the UK’s economy after three quarters of contraction. The Governor of the Bank of England will be speaking as will another member of the Monetary Policy Committee during the course of this week and it will be interesting to see their perspective of where the UK economy is. So please call in for a price and to discuss the markets with your trader.
The euro had a quieter day on Friday as Current Account figures came in lower than expected and due to the ongoing delay surrounding Spain formally requesting a bailout. The euro has had a good run on the commitment of the European Central Bank to support it and the main reason for this to change is that the politicians will again prevaricate and avoid difficult decisions and erode business confidence. At the EU Economic Summit, the Commissioner for Economic and Monetary Affairs said that a banking union, which would supervise all banks inside the Eurozone, would be operational in some form by the start of the New Year. This week is a busy week for data and we have the release of German, French and Euro area wide Manufacturing Purchasing Managers' Index (PMI) figures, German business confidence data and the President of the European Central Bank (ECB) is also speaking. So plenty of opportunity for exchange rates to move quickly - call in now for the latest news and changes in the euro rate.
The US dollar performed well on Friday as Thursdays risk rally came to a close even though data released showed that the number of residential buildings that were sold during the previous month had beaten market expectations. It is a very busy week on the data front with the preliminary GDP figures being the headline release and current expectations are set for growth of 1.8%. Other data released this week includes the number of homes pending sale, figures showing the change in number of new people claiming unemployment benefits, the change in the total value of new purchase orders placed with manufacturers for durable goods and the Federal Open Market Committee (FOMC) statement on the state of the economy. Please call in now for the latest news and a live update.
Elsewhere, the Canadian dollar was one of the worst performing currencies yesterday as inflation data released on Friday came out lower than expected reducing the possibility of an interest hike in the near term and in particular at Tuesday’s central bank meeting. Other data released from Canada this week includes retail sales figures, whilst the Bank of Canada will release its report on monetary policy as well as giving a press conference. The Reserve Bank of New Zealand (RBNZ) is expected to keep interest rates on hold at 2.5% this week, Australian inflation data will be released as well as Chinese manufacturing PMI. 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 - 1.6038
EUR/GBP - 0.8141
EUR/USD - 1.3052
GBP/AED - 5.8856
GBP/AUD - 1.5542
GBP/CAD - 1.5916
GBP/CHF - 1.4849
GBP/HKD - 12.4278
GBP/INR - 85.98
GBP/JPY - 127.62
GBP/NZD - 1.9616
GBP/SEK - 10.5381
GBP/ZAR - 13.8212
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 on Friday dropping at one stage below 1.60 against the US dollar. Against the euro it has stayed relatively range but did reach a four month low of 1.2270 in the early hours of the morning and the euro continues to be in the ascendancy. Public Sector Net Borrowing figures were better than expected falling to £12.8 billion providing some slight relief to the Chancellor as he tries to manage the ever growing debt pile. The preliminary GDP figures released this week will be the main release on the UK economic agenda and are expected to show modest growth of 0.6% for the third quarter which would be good news and provide a well needed boost to the state of the UK’s economy after three quarters of contraction. The Governor of the Bank of England will be speaking as will another member of the Monetary Policy Committee during the course of this week and it will be interesting to see their perspective of where the UK economy is. So please call in for a price and to discuss the markets with your trader.
The euro had a quieter day on Friday as Current Account figures came in lower than expected and due to the ongoing delay surrounding Spain formally requesting a bailout. The euro has had a good run on the commitment of the European Central Bank to support it and the main reason for this to change is that the politicians will again prevaricate and avoid difficult decisions and erode business confidence. At the EU Economic Summit, the Commissioner for Economic and Monetary Affairs said that a banking union, which would supervise all banks inside the Eurozone, would be operational in some form by the start of the New Year. This week is a busy week for data and we have the release of German, French and Euro area wide Manufacturing Purchasing Managers' Index (PMI) figures, German business confidence data and the President of the European Central Bank (ECB) is also speaking. So plenty of opportunity for exchange rates to move quickly - call in now for the latest news and changes in the euro rate.
The US dollar performed well on Friday as Thursdays risk rally came to a close even though data released showed that the number of residential buildings that were sold during the previous month had beaten market expectations. It is a very busy week on the data front with the preliminary GDP figures being the headline release and current expectations are set for growth of 1.8%. Other data released this week includes the number of homes pending sale, figures showing the change in number of new people claiming unemployment benefits, the change in the total value of new purchase orders placed with manufacturers for durable goods and the Federal Open Market Committee (FOMC) statement on the state of the economy. Please call in now for the latest news and a live update.
Elsewhere, the Canadian dollar was one of the worst performing currencies yesterday as inflation data released on Friday came out lower than expected reducing the possibility of an interest hike in the near term and in particular at Tuesday’s central bank meeting. Other data released from Canada this week includes retail sales figures, whilst the Bank of Canada will release its report on monetary policy as well as giving a press conference. The Reserve Bank of New Zealand (RBNZ) is expected to keep interest rates on hold at 2.5% this week, Australian inflation data will be released as well as Chinese manufacturing PMI. 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
