GBP/EUR - 1.2252
GBP/USD - 1.6012
EUR/GBP - 0.8159
EUR/USD - 1.3062
GBP/AED - 5.8794
GBP/AUD - 1.5156
GBP/CAD - 1.5790
GBP/CHF - 1.4819
GBP/HKD - 12.4026
GBP/HUF - 354.86
GBP/INR - 87.62
GBP/JPY - 141.28
GBP/NZD - 1.9032
GBP/SEK - 10.4958
GBP/ZAR - 13.7585
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 struggled again yesterday, dropping below the 1.60 mark against the US dollar at one point for the first time in over a month as traders gambled on the Bank of England loosening monetary policy in today's vote. While no change is expected by most, mere chatter of the possibility is causing prices to weaken, exaggerating recent losses caused by poor economic data including the weaker than expected trade balance figures yesterday. No change is anticipated in today's interest rate announcement, so all eyes will be focussed on the announcement on Quantitative Easing, get in touch now for the latest update.
The euro continued upon its weekly trend yesterday, strengthening to a low of 1.2250 against sterling and weakening to 1.3040 against the US dollar. Once again there was a mix of middle tier data released yesterday. German Industrial Production data came in much worse than predicted posting mild growth of 0.2% when a much more positive reading of 1.1% had been expected; having a negative impact upon the euro in general due to it representative value of economic health. Final GDP figures released confirmed that the Eurozone remains in a recession with a figure of -0.1%. Today see's the highly anticipated monthly European Central Bank (ECB) conference; where they will decide whether or not to cut interest rates or not. The general consensus is that the ECB will hold rates at 0.75%. Call in to speak to your trader.
The US dollar had a mixed day yesterday as it was another quiet day on the data front with little data of serious impact released bar the company earnings reports that were released. The champagne has unfortunately been kept on ice due to continuing debates over the economy in the US congress despite last week's agreement on the fiscal cliff. Despite this the US dollar continued to strengthen slightly against most major currencies. Out today we have the weekly release of the change in the number of people claiming unemployment benefits, a 30-year bond auction and two members of the Federal Open Market Committee (FOMC) will also be speaking. It will be interesting to see what they have to say following the FOMC meeting minutes released last week which revealed that several members suggested that they wanted to tighten monetary policy at some point in 2013. Call in now to see how this may affect the US dollar's relative strength.
Elsewhere, the Japanese yen ended its upward trend as recently-appointed Prime Minister Abe told the Bank of Japan that he wants it to double its inflation target to 2 percent. Traders now look to upcoming Bank of Japan meetings to see whether monetary stimulus will be increased, further weakening the currency. The South African rand depreciated on similar anticipation of increased stimulus. The Polish zloty enjoyed a strong day yesterday, gaining 0.75 percent against the pound as the central bank cut interest rates by 0.25%. Out today we have building permits figures and inflation data from the housing industry in Canada. Get in touch now for the latest quotes and news.
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 - 1.6012
EUR/GBP - 0.8159
EUR/USD - 1.3062
GBP/AED - 5.8794
GBP/AUD - 1.5156
GBP/CAD - 1.5790
GBP/CHF - 1.4819
GBP/HKD - 12.4026
GBP/HUF - 354.86
GBP/INR - 87.62
GBP/JPY - 141.28
GBP/NZD - 1.9032
GBP/SEK - 10.4958
GBP/ZAR - 13.7585
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 struggled again yesterday, dropping below the 1.60 mark against the US dollar at one point for the first time in over a month as traders gambled on the Bank of England loosening monetary policy in today's vote. While no change is expected by most, mere chatter of the possibility is causing prices to weaken, exaggerating recent losses caused by poor economic data including the weaker than expected trade balance figures yesterday. No change is anticipated in today's interest rate announcement, so all eyes will be focussed on the announcement on Quantitative Easing, get in touch now for the latest update.
The euro continued upon its weekly trend yesterday, strengthening to a low of 1.2250 against sterling and weakening to 1.3040 against the US dollar. Once again there was a mix of middle tier data released yesterday. German Industrial Production data came in much worse than predicted posting mild growth of 0.2% when a much more positive reading of 1.1% had been expected; having a negative impact upon the euro in general due to it representative value of economic health. Final GDP figures released confirmed that the Eurozone remains in a recession with a figure of -0.1%. Today see's the highly anticipated monthly European Central Bank (ECB) conference; where they will decide whether or not to cut interest rates or not. The general consensus is that the ECB will hold rates at 0.75%. Call in to speak to your trader.
The US dollar had a mixed day yesterday as it was another quiet day on the data front with little data of serious impact released bar the company earnings reports that were released. The champagne has unfortunately been kept on ice due to continuing debates over the economy in the US congress despite last week's agreement on the fiscal cliff. Despite this the US dollar continued to strengthen slightly against most major currencies. Out today we have the weekly release of the change in the number of people claiming unemployment benefits, a 30-year bond auction and two members of the Federal Open Market Committee (FOMC) will also be speaking. It will be interesting to see what they have to say following the FOMC meeting minutes released last week which revealed that several members suggested that they wanted to tighten monetary policy at some point in 2013. Call in now to see how this may affect the US dollar's relative strength.
Elsewhere, the Japanese yen ended its upward trend as recently-appointed Prime Minister Abe told the Bank of Japan that he wants it to double its inflation target to 2 percent. Traders now look to upcoming Bank of Japan meetings to see whether monetary stimulus will be increased, further weakening the currency. The South African rand depreciated on similar anticipation of increased stimulus. The Polish zloty enjoyed a strong day yesterday, gaining 0.75 percent against the pound as the central bank cut interest rates by 0.25%. Out today we have building permits figures and inflation data from the housing industry in Canada. Get in touch now for the latest quotes and news.
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
