GBP/EUR - 1.2347
GBP/USD - 1.6014
EUR/GBP - 0.8092
EUR/USD - 1.2963
GBP/AED - 5.8791
GBP/AUD - 1.5311
GBP/CAD - 1.5882
GBP/CHF - 1.4968
GBP/HKD - 12.4110
GBP/INR - 89.12
GBP/JPY - 131.36
GBP/NZD - 1.9436
GBP/SEK - 10.6144
GBP/ZAR - 14.1835
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
Sterling had a mixed day on Friday. It strengthened against the US dollar but weakened against the euro and commodity backed currencies as risk appetite drove the market. At one stage sterling even pushed down to 1.233 against the euro and with the possibility of further weakness we could see a push towards the 1.225 level. Revised quarterly GDP data released this week will be the most significant announcement and is expected to match the preliminary reading at 1% growth. On Thursday various lending data is released with the household borrowing figures for October expected to show that the credit supply continues to loosen. With not much else released from the UK this week, sterling’s relative strength will take its lead from news produced elsewhere, with US data and the Europgroup meetings likely to cause the most volatility. Please call in to get a detailed update from your trader.
The euro performed well on Friday after better than expected business climate data from Germany showed that economic health had increased for the first time in seven months. The lack of negative data coming from the Eurogroup meetings also kept the euro strong. We should finally see a resolution of the Greek debt question that rumbled on through last week, which in theory will be good news for the economic future of the union and could cause the euro to strengthen further still as confidence increases in Europe. The other main release this week will be the Italian benchmark 10-year bond auction; but, the main focus of the global market will be firmly on today's Eurogroup meetings. Get in touch now while the euro remains strong.
The US dollar lost ground against most of the other majors on Friday as risk appetite increased due to the renewed confidence in Europe off the back of positive progress with Greece and better than expected data released from Germany. Late Friday we saw the US dollar increase to over 1.60 against sterling. This week we have some significant data coming out of the US, in particular on Thursday with the release of GDP data for the third quarter. Other data includes durable goods orders which are a leading indicator of production, consumer confidence and other housing data. Call in now to reserve a rate of exchange.
Elsewhere, Canadian inflation data released on Friday was slightly better than expected posting a figure of 0.3%. The Russian rouble strengthened as demand was high to pay for taxes in Russia and the South African rand also performed well. This week, the main releases include Canadian GDP, Chinese manufacturing PMI and business confidence data from New Zealand. Call in now to speak to a trader.
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 quote form
GBP/USD - 1.6014
EUR/GBP - 0.8092
EUR/USD - 1.2963
GBP/AED - 5.8791
GBP/AUD - 1.5311
GBP/CAD - 1.5882
GBP/CHF - 1.4968
GBP/HKD - 12.4110
GBP/INR - 89.12
GBP/JPY - 131.36
GBP/NZD - 1.9436
GBP/SEK - 10.6144
GBP/ZAR - 14.1835
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
Sterling had a mixed day on Friday. It strengthened against the US dollar but weakened against the euro and commodity backed currencies as risk appetite drove the market. At one stage sterling even pushed down to 1.233 against the euro and with the possibility of further weakness we could see a push towards the 1.225 level. Revised quarterly GDP data released this week will be the most significant announcement and is expected to match the preliminary reading at 1% growth. On Thursday various lending data is released with the household borrowing figures for October expected to show that the credit supply continues to loosen. With not much else released from the UK this week, sterling’s relative strength will take its lead from news produced elsewhere, with US data and the Europgroup meetings likely to cause the most volatility. Please call in to get a detailed update from your trader.
The euro performed well on Friday after better than expected business climate data from Germany showed that economic health had increased for the first time in seven months. The lack of negative data coming from the Eurogroup meetings also kept the euro strong. We should finally see a resolution of the Greek debt question that rumbled on through last week, which in theory will be good news for the economic future of the union and could cause the euro to strengthen further still as confidence increases in Europe. The other main release this week will be the Italian benchmark 10-year bond auction; but, the main focus of the global market will be firmly on today's Eurogroup meetings. Get in touch now while the euro remains strong.
The US dollar lost ground against most of the other majors on Friday as risk appetite increased due to the renewed confidence in Europe off the back of positive progress with Greece and better than expected data released from Germany. Late Friday we saw the US dollar increase to over 1.60 against sterling. This week we have some significant data coming out of the US, in particular on Thursday with the release of GDP data for the third quarter. Other data includes durable goods orders which are a leading indicator of production, consumer confidence and other housing data. Call in now to reserve a rate of exchange.
Elsewhere, Canadian inflation data released on Friday was slightly better than expected posting a figure of 0.3%. The Russian rouble strengthened as demand was high to pay for taxes in Russia and the South African rand also performed well. This week, the main releases include Canadian GDP, Chinese manufacturing PMI and business confidence data from New Zealand. Call in now to speak to a trader.
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 quote form
