GBP/EUR - 1.2511
GBP/USD - 1.6002
EUR/GBP - 0.7991
EUR/USD - 1.2787
GBP/AED - 5.8755
GBP/AUD - 1.5445
GBP/CAD - 1.5926
GBP/CHF - 1.5090
GBP/HKD - 12.3965
GBP/INR - 86.66
GBP/JPY - 128.46
GBP/NZD - 1.9378
GBP/SEK - 10.7247
GBP/ZAR - 14.024
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, hitting a one month high against the euro and a performing well against number of other currencies following the release of better than expected construction Purchasing Managers' Index (PMI) figures. The data showed that the construction industry had unexpectedly expanded with a figure of 50.9 when a contraction figure of 49.1 had been predicted. Services PMI data will be released today and more manufacturing data will be released on Tuesday. However, the most influential release will be the Bank of England’s decision on Thursday on interest rates and quantitative easing which are both expected to be kept on hold. Some economists have been predicting that the BoE will pump more money into the economy with another round of quantitative easing, but, following the comments from several members of the Bank of England last week this now seems less likely this time around. With the Bank of England meeting, the European Central Bank (ECB) meeting and the US and Chinese elections this week there is the potential for significant movement in rates, so please call in now to discuss the potential market movements with your trader.
The euro struggled on Friday, losing ground against the most of its major peers as worse than expected Manufacturing PMI data emerged from Spain and Italy, denting confidence in the Eurozone. The 17 nation currency lost significant ground against the US dollar, as worsening economic perceptions led to an increase in demand for safer assets. This week the focus will largely be on Thursday with the ECB’s rate decision and the subsequent press conference and the Euro group meetings taking place where Spain and Greece will continue to come under scrutiny. Today sees the release of Spanish unemployment data which if worse than forecast, is likely to push Spain one step close to requesting a bailout. Call in now to discuss the potential impacts this may have and to get a live quote.
The US dollar performed well on Friday against most of the other majors, strengthening to a three month high against the euro and a six month high against the yen. This rally was spurred on by better than expected non-farm payroll figures indicating 171,000 jobs were created in October. Data released this week includes non-manufacturing PMI, Trade Balance data, unemployment claims and consumer sentiment figures. However, the world's focus will largely be on the US Presidential elections on Tuesday. In the past, markets have reacted quickly following the election results and some economists are predicting the US dollar to strengthen should Romney win and higher yielding currencies to perform well should Obama remain in office. Much of the volatility will depend on if congress is divided and with the foreign exchange markets open 24 hours a day, come Wednesday morning we may see a considerable shift in the markets. Speak to one of your traders to see how you can potentially make this volatility work in your favour.
Elsewhere, the South African rand fell for the first week in four last week, losing as much as half a percent against its major peers after three weeks of solid gains. The Swiss franc struggled on Friday after the President of the Swiss National Bank commented that the currency was overvalued. Today you can expect to see some volatility as markets react to snippets of information leaked from the G20 summit. There is a lot of data out this week and in particular from Australia with a swathe of information being released including monthly retail sales figures, trade balance data and the central bank’s interest rate decision with the expectation of a 0.25% cut to 3%. Other notable releases include inflation data and trade balance data from China; PMI data, building permits and trade balance data from Canada; a financial stability report and unemployment data from New Zealand; and inflation data from Switzerland. Call in now to lock in a price.
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 - 1.6002
EUR/GBP - 0.7991
EUR/USD - 1.2787
GBP/AED - 5.8755
GBP/AUD - 1.5445
GBP/CAD - 1.5926
GBP/CHF - 1.5090
GBP/HKD - 12.3965
GBP/INR - 86.66
GBP/JPY - 128.46
GBP/NZD - 1.9378
GBP/SEK - 10.7247
GBP/ZAR - 14.024
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, hitting a one month high against the euro and a performing well against number of other currencies following the release of better than expected construction Purchasing Managers' Index (PMI) figures. The data showed that the construction industry had unexpectedly expanded with a figure of 50.9 when a contraction figure of 49.1 had been predicted. Services PMI data will be released today and more manufacturing data will be released on Tuesday. However, the most influential release will be the Bank of England’s decision on Thursday on interest rates and quantitative easing which are both expected to be kept on hold. Some economists have been predicting that the BoE will pump more money into the economy with another round of quantitative easing, but, following the comments from several members of the Bank of England last week this now seems less likely this time around. With the Bank of England meeting, the European Central Bank (ECB) meeting and the US and Chinese elections this week there is the potential for significant movement in rates, so please call in now to discuss the potential market movements with your trader.
The euro struggled on Friday, losing ground against the most of its major peers as worse than expected Manufacturing PMI data emerged from Spain and Italy, denting confidence in the Eurozone. The 17 nation currency lost significant ground against the US dollar, as worsening economic perceptions led to an increase in demand for safer assets. This week the focus will largely be on Thursday with the ECB’s rate decision and the subsequent press conference and the Euro group meetings taking place where Spain and Greece will continue to come under scrutiny. Today sees the release of Spanish unemployment data which if worse than forecast, is likely to push Spain one step close to requesting a bailout. Call in now to discuss the potential impacts this may have and to get a live quote.
The US dollar performed well on Friday against most of the other majors, strengthening to a three month high against the euro and a six month high against the yen. This rally was spurred on by better than expected non-farm payroll figures indicating 171,000 jobs were created in October. Data released this week includes non-manufacturing PMI, Trade Balance data, unemployment claims and consumer sentiment figures. However, the world's focus will largely be on the US Presidential elections on Tuesday. In the past, markets have reacted quickly following the election results and some economists are predicting the US dollar to strengthen should Romney win and higher yielding currencies to perform well should Obama remain in office. Much of the volatility will depend on if congress is divided and with the foreign exchange markets open 24 hours a day, come Wednesday morning we may see a considerable shift in the markets. Speak to one of your traders to see how you can potentially make this volatility work in your favour.
Elsewhere, the South African rand fell for the first week in four last week, losing as much as half a percent against its major peers after three weeks of solid gains. The Swiss franc struggled on Friday after the President of the Swiss National Bank commented that the currency was overvalued. Today you can expect to see some volatility as markets react to snippets of information leaked from the G20 summit. There is a lot of data out this week and in particular from Australia with a swathe of information being released including monthly retail sales figures, trade balance data and the central bank’s interest rate decision with the expectation of a 0.25% cut to 3%. Other notable releases include inflation data and trade balance data from China; PMI data, building permits and trade balance data from Canada; a financial stability report and unemployment data from New Zealand; and inflation data from Switzerland. Call in now to lock in a price.
