GBP/EUR - 1.2505
GBP/USD - 1.5981
EUR/GBP - 0.7997
EUR/USD - 1.2778
GBP/AED - 5.8413
GBP/AUD - 1.5329
GBP/CAD - 1.5913
GBP/CHF - 1.5096
GBP/HKD - 12.3885
GBP/INR - 86.93
GBP/JPY - 128.01
GBP/NZD - 1.9327
GBP/SEK - 10.6893
GBP/ZAR - 13.9545
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
It was a disappointing day yesterday for sterling as it dropped against the majority of its major peers, reaching a low of 1.5956 against the US dollar. Sterling lost significant ground on the back of worse than expected Services Purchasing Managers' Index (PMI) data being released in the morning. Services activity fell to 50.6 last month, much lower than the 52 forecast - its slowest increase in nearly two years - dampening belief that economic growth seen in last month's GDP figures is a true representation of the current economic climate. Today sees the release of Manufacturing Production data. Should this come out worse than anticipated, expect sterling to continue its decline against its major trading partners. Call in now to see if the pound has recovered and to get a live quote.
Although the euro trod water against sterling it did hit a near eight week low yesterday against the US dollar amid fears that Greek austerity measures would be rejected, and that the Greeks would not receive further bailout funding. Very weak Spanish unemployment data also hit the euro hard. Today sees Spanish, Italian and Europe wide PMI data released from the service sectors, which could see this negative trend continue. Market analysts are also reporting that traders have been avoiding opening long term US dollar positions ahead of the elections on the other side of the Atlantic. As it becomes clear tonight what the future holds for the States, you may see this trend reverse, and see a knock on effect in the market. Get in touch now to secure a price with so much uncertainty in the global markets.
The US dollar slightly strengthened against most of the other major currencies yesterday despite non-manufacturing PMI data released being marginally worse than expected. Risk appetite has decreased in the markets with the on-going problems in Greece and the uncertainty around the presidential elections, re-enforcing the US dollar as a safe haven for investors. There is no significant economic data out of the US today; but, the world's focus will be on the US presidential elections and at present the polls suggest a marginal lead for President Obama to remain in office. Call in now to speak to your trader and so get a live price.
Overnight we saw a surprise decision by the Reserve Bank of Australia’s to keep its interest rate at current levels. Market expectations had been for cut in interest rates so we have seen the Australian dollar strengthen first thing this morning. Elsewhere, the Turkish lira was the best performing currency yesterday after Fitch (one of the big three credit rating agencies) raised the nation’s credit rating to BBB-, an investment-grade. The Indian rupee was one of the worst performers yesterday dropping to a seven week low against the US dollar. The Polish zloty also struggled as investors anticipate the central bank to cut interest rates on Wednesday. Later on today we will also have PMI data from Canada. 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 - 1.5981
EUR/GBP - 0.7997
EUR/USD - 1.2778
GBP/AED - 5.8413
GBP/AUD - 1.5329
GBP/CAD - 1.5913
GBP/CHF - 1.5096
GBP/HKD - 12.3885
GBP/INR - 86.93
GBP/JPY - 128.01
GBP/NZD - 1.9327
GBP/SEK - 10.6893
GBP/ZAR - 13.9545
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
It was a disappointing day yesterday for sterling as it dropped against the majority of its major peers, reaching a low of 1.5956 against the US dollar. Sterling lost significant ground on the back of worse than expected Services Purchasing Managers' Index (PMI) data being released in the morning. Services activity fell to 50.6 last month, much lower than the 52 forecast - its slowest increase in nearly two years - dampening belief that economic growth seen in last month's GDP figures is a true representation of the current economic climate. Today sees the release of Manufacturing Production data. Should this come out worse than anticipated, expect sterling to continue its decline against its major trading partners. Call in now to see if the pound has recovered and to get a live quote.
Although the euro trod water against sterling it did hit a near eight week low yesterday against the US dollar amid fears that Greek austerity measures would be rejected, and that the Greeks would not receive further bailout funding. Very weak Spanish unemployment data also hit the euro hard. Today sees Spanish, Italian and Europe wide PMI data released from the service sectors, which could see this negative trend continue. Market analysts are also reporting that traders have been avoiding opening long term US dollar positions ahead of the elections on the other side of the Atlantic. As it becomes clear tonight what the future holds for the States, you may see this trend reverse, and see a knock on effect in the market. Get in touch now to secure a price with so much uncertainty in the global markets.
The US dollar slightly strengthened against most of the other major currencies yesterday despite non-manufacturing PMI data released being marginally worse than expected. Risk appetite has decreased in the markets with the on-going problems in Greece and the uncertainty around the presidential elections, re-enforcing the US dollar as a safe haven for investors. There is no significant economic data out of the US today; but, the world's focus will be on the US presidential elections and at present the polls suggest a marginal lead for President Obama to remain in office. Call in now to speak to your trader and so get a live price.
Overnight we saw a surprise decision by the Reserve Bank of Australia’s to keep its interest rate at current levels. Market expectations had been for cut in interest rates so we have seen the Australian dollar strengthen first thing this morning. Elsewhere, the Turkish lira was the best performing currency yesterday after Fitch (one of the big three credit rating agencies) raised the nation’s credit rating to BBB-, an investment-grade. The Indian rupee was one of the worst performers yesterday dropping to a seven week low against the US dollar. The Polish zloty also struggled as investors anticipate the central bank to cut interest rates on Wednesday. Later on today we will also have PMI data from Canada. 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
