GBP/EUR - 1.2512
GBP/USD - 1.5981
EUR/GBP - 0.7990
EUR/USD - 1.2762
GBP/AED - 5.8681
GBP/AUD - 1.5342
GBP/CAD - 1.5922
GBP/CHF - 1.5096
GBP/HKD - 12.3871
GBP/INR - 87.01
GBP/JPY - 127.70
GBP/NZD - 1.9562
GBP/SEK - 10.6825
GBP/ZAR - 13.8105
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 yesterday. With very little UK data released sterling gained a little ground against the euro in nervous anticipation of the Greek parliamentary vote and with the worsening state of the German economy. At the same time sterling lost ground against the Japanese yen and US dollar. Today sees announcements on interest rates and the Bank of England asset purchasing facility. Both are expected to remain unchanged, with some high profile banks abandoning early forecasts for more quantitative easing which appears to be a positive sign for the economy. If, however, we do see a change it could have a substantial weakening effect on the value of sterling, so get in touch to see how sterling copes with the release and to get a live price.
The euro struggled yesterday following comments from the President of the European Central Bank who said that the problems gripping much of Europe had now started to affect Germany. The statement followed the release of much worse than expected German industrial production figures, and with Germany being the powerhouse behind Europe, this caused shock waves through the markets and encouraged investors to sell off the euro against the majority of its peers. More bad news came as the European Commission downgraded its growth forecasts for the region stating that the recession would be deeper than initially anticipated. Furthermore, with the Greek parliament voting on the austerity measures that are essential to secure the next tranche of its bailout, the markets remain very nervous. The ECB’s rate decision and press conference will be the main news on the agenda today; but, expect any news from Spain and Greece to cause a bigger stir in the market. Call in now for the latest news and a live quote.
The US dollar was weak in the early hours of yesterday following the announcement that President Obama has retained his position of President of the United States. The US dollar then strengthened through much of the day as investors sought safer havens for their money with economists weighing up the ramifications of the so-called fiscal cliff that the US now faces and the focus also turned to Europe and more directly to Greece. The main announcements from the US today will be the weekly change in the number of new people claiming unemployment benefits whilst trade balance data will also be announced. Call in now for the latest update and rates.
Elsewhere, the Japanese yen performed well yesterday driven by the risk adverse market, whilst the Polish zloty and Czech koruna were particularly weak. Overnight we have seen the release of unemployment data from both Australia and New Zealand and later on today, the only other significant release will be trade balance figures 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 - 0.7990
EUR/USD - 1.2762
GBP/AED - 5.8681
GBP/AUD - 1.5342
GBP/CAD - 1.5922
GBP/CHF - 1.5096
GBP/HKD - 12.3871
GBP/INR - 87.01
GBP/JPY - 127.70
GBP/NZD - 1.9562
GBP/SEK - 10.6825
GBP/ZAR - 13.8105
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 yesterday. With very little UK data released sterling gained a little ground against the euro in nervous anticipation of the Greek parliamentary vote and with the worsening state of the German economy. At the same time sterling lost ground against the Japanese yen and US dollar. Today sees announcements on interest rates and the Bank of England asset purchasing facility. Both are expected to remain unchanged, with some high profile banks abandoning early forecasts for more quantitative easing which appears to be a positive sign for the economy. If, however, we do see a change it could have a substantial weakening effect on the value of sterling, so get in touch to see how sterling copes with the release and to get a live price.
The euro struggled yesterday following comments from the President of the European Central Bank who said that the problems gripping much of Europe had now started to affect Germany. The statement followed the release of much worse than expected German industrial production figures, and with Germany being the powerhouse behind Europe, this caused shock waves through the markets and encouraged investors to sell off the euro against the majority of its peers. More bad news came as the European Commission downgraded its growth forecasts for the region stating that the recession would be deeper than initially anticipated. Furthermore, with the Greek parliament voting on the austerity measures that are essential to secure the next tranche of its bailout, the markets remain very nervous. The ECB’s rate decision and press conference will be the main news on the agenda today; but, expect any news from Spain and Greece to cause a bigger stir in the market. Call in now for the latest news and a live quote.
The US dollar was weak in the early hours of yesterday following the announcement that President Obama has retained his position of President of the United States. The US dollar then strengthened through much of the day as investors sought safer havens for their money with economists weighing up the ramifications of the so-called fiscal cliff that the US now faces and the focus also turned to Europe and more directly to Greece. The main announcements from the US today will be the weekly change in the number of new people claiming unemployment benefits whilst trade balance data will also be announced. Call in now for the latest update and rates.
Elsewhere, the Japanese yen performed well yesterday driven by the risk adverse market, whilst the Polish zloty and Czech koruna were particularly weak. Overnight we have seen the release of unemployment data from both Australia and New Zealand and later on today, the only other significant release will be trade balance figures 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
