GBP/EUR - 1.2037
GBP/USD - 1.6068
EUR/GBP - 0.8305
EUR/USD - 1.3346
GBP/AED - 5.8978
GBP/AUD - 1.5230
GBP/CAD - 1.5822
GBP/CHF - 1.4829
GBP/HKD - 12.4481
GBP/HUF - 354.80
GBP/INR - 87.76
GBP/JPY - 142.70
GBP/NZD - 1.9099
GBP/SEK - 10.3648
GBP/ZAR - 14.0520
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
The turn of a new week failed to bring any cheer for sterling, as it continued its slide versus major trading peers. With little data released from the UK yesterday, the impact of considerably worse than expected manufacturing data released at the end of last week coupled with an increasing pessimistic economic outlook continued to have an impact, with the British currency falling closer to the key support level of 1.20 versus the euro; reaching a low of 1.2010 in the early afternoon. If we break through this level against the euro we could see a rapid weakening in sterling. Increasing speculation that the current account deficit has expanded to 3.5% of GDP has also sparked fears among traders, perhaps helping to explain sterling's sudden fall versus its partners. Today sees the release of key Consumer Price Index (CPI) inflation data, with any increase above the current level likely to increase doubt about an economic recovery in the UK. Continued talk about a possible referendum of EU membership by David Cameron is likely to continue to influence the markets, so call in now for the latest news and for a live price.
The euro built on last week's gains yesterday, finishing on 1.336 against the US dollar and threatened to break the psychological resistance level of 1.20 against sterling. There was little significant data released to drive this market movement. In fact we actually saw euro-area wide and Italian Industrial Production data being released which came out much weaker than expected. It is another quiet day on the data front in the eurozone with little to no influential data being released. Call in now to find out whether the euro is still making positive gains and for a live market quote.
The US dollar had a mixed day yesterday, touching a near two-year high against the Japanese yen and strengthening against sterling, but slipped elsewhere as traders bet on continued stimulus measures ahead of a speech by the Chairman of the Federal Reserve Bank. It is a busy day on the data front for the US today with key inflation figures released including the Producer Price Index (PPI) statistics which have disappointed for the last two months and the CPI data. We also have two sets of highly influential retail sales data released today as well as an address from one of the members of the Federal Open Market Committee. With a lot of data being released which will all be closely analysed by traders, we will have to see how the US dollar copes as it looks to regain on the Euro.
Elsewhere, the Japanese yen continued to struggle yesterday despite Japanese financial markets being shut yesterday for a bank holiday. The Japanese yen reached the lowest level against the US dollar since June 2010 and the lowest since May 2011 against the euro. The Japanese yen remains under immense pressure as traders being to speculate who will be appointed as the next chief of the Bank of Japan. The Canadian dollar also suffered yesterday, whilst the Swiss franc weakened to 1.2277 against the euro - the lowest level since December 2011 - as market confidence in the eurozone surges. Today there is no significant data released today, but, volatility remains high so call in and check with our traders for the latest consultations and up to the second rate.
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 - 1.6068
EUR/GBP - 0.8305
EUR/USD - 1.3346
GBP/AED - 5.8978
GBP/AUD - 1.5230
GBP/CAD - 1.5822
GBP/CHF - 1.4829
GBP/HKD - 12.4481
GBP/HUF - 354.80
GBP/INR - 87.76
GBP/JPY - 142.70
GBP/NZD - 1.9099
GBP/SEK - 10.3648
GBP/ZAR - 14.0520
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
The turn of a new week failed to bring any cheer for sterling, as it continued its slide versus major trading peers. With little data released from the UK yesterday, the impact of considerably worse than expected manufacturing data released at the end of last week coupled with an increasing pessimistic economic outlook continued to have an impact, with the British currency falling closer to the key support level of 1.20 versus the euro; reaching a low of 1.2010 in the early afternoon. If we break through this level against the euro we could see a rapid weakening in sterling. Increasing speculation that the current account deficit has expanded to 3.5% of GDP has also sparked fears among traders, perhaps helping to explain sterling's sudden fall versus its partners. Today sees the release of key Consumer Price Index (CPI) inflation data, with any increase above the current level likely to increase doubt about an economic recovery in the UK. Continued talk about a possible referendum of EU membership by David Cameron is likely to continue to influence the markets, so call in now for the latest news and for a live price.
The euro built on last week's gains yesterday, finishing on 1.336 against the US dollar and threatened to break the psychological resistance level of 1.20 against sterling. There was little significant data released to drive this market movement. In fact we actually saw euro-area wide and Italian Industrial Production data being released which came out much weaker than expected. It is another quiet day on the data front in the eurozone with little to no influential data being released. Call in now to find out whether the euro is still making positive gains and for a live market quote.
The US dollar had a mixed day yesterday, touching a near two-year high against the Japanese yen and strengthening against sterling, but slipped elsewhere as traders bet on continued stimulus measures ahead of a speech by the Chairman of the Federal Reserve Bank. It is a busy day on the data front for the US today with key inflation figures released including the Producer Price Index (PPI) statistics which have disappointed for the last two months and the CPI data. We also have two sets of highly influential retail sales data released today as well as an address from one of the members of the Federal Open Market Committee. With a lot of data being released which will all be closely analysed by traders, we will have to see how the US dollar copes as it looks to regain on the Euro.
Elsewhere, the Japanese yen continued to struggle yesterday despite Japanese financial markets being shut yesterday for a bank holiday. The Japanese yen reached the lowest level against the US dollar since June 2010 and the lowest since May 2011 against the euro. The Japanese yen remains under immense pressure as traders being to speculate who will be appointed as the next chief of the Bank of Japan. The Canadian dollar also suffered yesterday, whilst the Swiss franc weakened to 1.2277 against the euro - the lowest level since December 2011 - as market confidence in the eurozone surges. Today there is no significant data released today, but, volatility remains high so call in and check with our traders for the latest consultations and up to the second rate.
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
