Daily Currency Note
US$/GBP – 1.6702
CHF/GBP – 1.4542
CAN$/GBP - 1.5840
AUS$/GBP – 1.5303
ZAR/GBP – 11.000
JPY/GBP – 136.289
HKD/GBP – 12.881
NZD/GBP – 2.0766
SEK/GBP – 10.099
US$/EURO - 1.4848
Daily Currency Note
US$/GBP – 1.6448
CHF/GBP – 1.4385
CAN$/GBP – 1.5658
AUS$/GBP – 1.5212
ZAR/GBP – 10.948
JPY/GBP – 134.47
HKD/GBP – 12.781
NZD/GBP – 2.0394
SEK/GBP – 10.001
US$/EURO - 1.4671
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx
Daily Currency Note
EURO/GBP - 1.1310
US$/GBP – 1.6516
CHF/GBP – 1.4496
CAN$/GBP – 1.5731
AUS$/GBP – 1.5408
ZAR/GBP – 11.126
JPY/GBP – 134.99
HKD/GBP – 12.844
NZD/GBP – 2.0589
SEK/GBP – 10.059
US$/EURO – 1.4604
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx
In the euro zone, the euro suffered slightly last week following concerns over the need to restructure periphery debt and it fell after ECB President Jean-Claude Trichet stated that a strong US dollar is in the interests of the USA – a move seen by some to “talk up” the US dollar and take the pressure off his own overbought currency. This week is quiet for European data, but thin holiday trading could see some sharp moves so ensure you are prepared.
For more information on Smart Currency Exchange, please call our freephone: 0808 163 0102 (+44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyExchange.com
Daily Currency Note
EURO/GBP – 1.1274
US$/GBP – 1.6479
CHF/GBP – 1.4582
CAN$/GBP – 1.5620
AUS$/GBP – 1.5318
ZAR/GBP – 11.1295
JPY/GBP – 135.096
HKD/GBP – 12.8094
NZD/GBP – 2.0542
SEK/GBP – 10.0438
US$/EURO – 1.4611
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx
Sterling weakened by 1% yesterday to against the euro after minutes from the Bank of England’s last meeting showed policymakers were concerned over economic growth, with no change in the voting pattern on last month. The committee voted 6-3 in favour of keeping rates on hold citing that data over the previous month had “probably been to the downside”. Markets pushed back expectations of an interest rate rise to later in the year, which was the main driver of sterling’s fall. The next major piece of data is retail sales which are released later today, so call in now for a live exchange rate to avoid losing out – especially given the light trading ahead of the Easter break.
In the euro zone, the euro hit a 15 month high against a weak US dollar gaining 1.4% due to high risk appetite and a better than expected bond auction from Spain which was welcomed warmly by investors. Business activity data also showed that Germany and France continue to outperform the rest of the region, helping to support European Bank rate hike expectations in the short term. Ensure you speak to one of the team to avoid missing out.
The US dollar fell against sterling and the euro, despite the fact that US stocks jumped on Wednesday as optimism about the economic recovery rose on a wave of strong earnings and profit outlooks. With the Bank of Japan and U.S. Federal Reserve expected to keep their monetary policy ultra-loose for the time being, the US dollar and Japanese yen have become the currencies of choice for the carry trade – the strategy of use cheap loans to fund investments in higher yielding assets. In addition, a weaker US dollar tends to boost the attractiveness of commodities, which are mostly priced in the U.S. currency. Home sales came in better than expected – out today we have unemployment claims, so call in for a live price.
Elsewhere the Australian dollar extended gains against the U.S. dollar and rose to a fresh high yesterday amid rising risk appetite. Thailand increased the one-day bond purchase rate for the third time this year which strengthened the Thai bhat by 0.3% against the dollar.
For more information on Smart Currency Exchange, please call our freephone: 0808 163 0102 (+44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyExchange.com
Daily Currency Note
EURO/GBP – 1.1339
US$/GBP – 1.6355
CHF/GBP – 1.4645
CAN$/GBP – 1.5591
AUS$/GBP – 1.5432
ZAR/GBP – 11.1090
JPY/GBP – 135.487
HKD/GBP – 12.7215
NZD/GBP – 2.0595
SEK/GBP – 10.1021
US$/EURO – 1.4419
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx
Sterling slipped marginally against the euro yesterday as traders adjusted positions ahead of the Easter break and the euro recovered from a 1% loss against sterling on Monday. The pound was up 0.3% against the US dollar as bets on an interest rate hike by the Bank of England were up ahead of today’s Bank of England minutes. Sterling has traded in a range between $1.60 and $1.64 for two and a half months as investors speculate whether more Bank of England officials will vote for monetary tightening to contain inflation. The minutes are released at 9:30am so ensure you don’t lose out by speaking to a trader as soon as possible.
In the euro zone, solid data in the region helped the euro recover against both sterling and the US dollar after the worst day in 5 months on Monday. Concerns over Greece remain and should keep the single currency under some pressure with Germany not expecting Greece to make it through the summer without defaulting. There have also been concerns that Greece’s deteriorating public finances will cause a dangerous domino effect causing banks to collapse, threatening the viability of the single currency. Call in now for a live exchange rate.
In the USA, Monday’s credit rating outlook downgrade has seen capital being shifted away from the US towards other markets, with concerns over fiscal consolidation leaving the UK as a more attractive proposition. The UK government has come under fire for its tough programme of spending cuts, but these finally seem to be being recognised by the financial markets. The USA and euro have suffered in the past few days as a result of concerns over the lack of similar measures in these regions. There is home sales data released today so call in now for a live exchange rate.
Elsewhere, the Japanese yen gained across the board due to concerns over sovereign debt problems in Europe and the US that has seen investors steer clear of ‘carry trades’ (i.e. where investors borrow cheap yen and invest in higher yielding currencies). In addition, the Canadian dollar performed well against the US dollar, gaining by 0.7%.
For more information on Smart Currency Exchange, please call our freephone: 0808 163 0102 (+44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyExchange.com
Daily Currency Note
EURO/GBP - 1.1402
CHF/GBP – 1.4568
CAN$/GBP – 1.5669
AUS$/GBP – 1.5520
ZAR/GBP – 11.1273
JPY/GBP – 134.154
HKD/GBP – 12.6484
NZD/GBP – 2.0656
US$/EURO – 1.4258
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:
Sterling strengthened against both the euro and US dollar yesterday as a US credit rating outlook downgrade damaged the US dollar and fears over Greek sovereign debt hurt the euro. Sterling could remain under pressure though as markets push back expectations of a rate hike in the UK – there had been an expectation of a 0.25% rise as early as next month but unexpectedly low inflation figures put the dampeners on this last week. Out later this week there is the Bank of England minutes and retail sales – both of which could cause significant volatility given the low volume of trade ahead of the long Easter weekend. Call in now to ensure you don’t lose out.
In the euro zone, the Greek government denied any suggestion it will need to restructure its loans but the governor of the country’s central bank fanned the flames by warning of a shrinking economy. Worries that Finland would cause problems in the bailout of Portugal also hurt the single currency after an anti-euro party was given a voice in parliament. Finland requires a majority parliamentary vote regarding requests for EU bailout funds. Call in now for a live exchange rate as we have a wide array of purchasing data released today.
Elsewhere, fears over stubborn inflation saw China increase interest rates once again yesterday in order to control the economy’s rapid expansion. The banking reserve requirement ratio was increased by 0.5% to 20.5%, to be put in effect from 21 April. We also have the release of South Africa’s inflation data on Wednesday. This will give investors a clear idea of how much high to lift interest rates and could see volatility if there is an unexpected figure.
For more information on Smart Currency Exchange, please call our freephone: 0808 163 0102 (+44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyExchange.com
Daily Currency Note
EURO/GBP - 1.1336
US$/GBP – 1.6265
CHF/GBP – 1.4583
CAN$/GBP - 1.5655
AUS$/GBP – 1.5415
ZAR/GBP – 11.1165
JPY/GBP – 134.876
HKD/GBP – 12.6539
NZD/GBP – 2.0513
SEK/GBP – 10.1257
US$/EURO - 1.4340
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:
Sterling strengthened on Friday against the euro as the single currency was hurt by concerns over periphery debt, with suggestions that Greece would need to restructure its debt. The euro’s losses were limited, as expectations remained that the European Central Bank would keep raising interest rates at a faster rate than the UK. This week sees the start of a run of public holidays in the UK, so liquidity and volatility is likely to be less than it has been. One major piece of data released this week is the Bank of England’s minutes from their recent meeting. With a sudden dip in inflation, many are expecting the minutes to show that the Bank will keep interest rates lower for longer. Call in now for a live exchange rate.
In the euro zone, the euro fell this morning against the US dollar as markets grew uneasy over a Finnish election. Voters in the country handed an anti-euro party a key position in parliament which left markets concerned that Finland could use its right to vote on EU bailout funds to slow down requests to shore up debt in Portugal. With fresh concerns over Greece and now issues with Finland, we could see the euro falter. Call in now to ensure that you don’t lose out.
In the USA, better US data on Friday failed to help the US dollar despite stronger stock markets and lower bond yields – both of which would normally see a stronger US dollar. Markets seem to have taken the view that the Federal Reserve will not be touching monetary policy for some time and that growth in the country will remain slow. It is a relatively quiet week this week, but low liquidity could see some large swings if anything does happen.
Elsewhere, the New Zealand dollar fell after lower than expected inflation data reduced the chance of a resumption of the central bank’s interest hikes. In addition, the Japanese yen fell to a 2 ½ year low against the Australian dollar on expectations that the Bank of Japan would lag behind other central banks on interest rate rises.
For more information on Smart Currency Exchange, please call our freephone: 0808 163 0102 (+44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyExchange.com
Daily Currency Note
EURO/GBP 1.1289 - (EURO/GBP 1.1350)
US$/GBP 1.6362 – (US$/GBP 1. 6352)
CHF/GBP 1.4609 – (CHF/GBP 1. 14946)
CAN$/GBP 1.5744 - (CAN$/GBP 1.5601)
AUS$/GBP 1.5541 – (AUS$/GBP 1. 5531)
ZAR/GBP 11.1921 – (ZAR/GBP 10.8750)
NZD/GBP 2.0571 – (NZD/GBP 2. 094)
SEK/GBP 10.1290 - (SEK/GBP 10.1994)
EURO/US$ 1.4482 – (EURO/US$ 1.4401)
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:
For more information on Smart Currency Exchange, please call our freephone: 0808 163 0102 (+44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyExchange.com
Daily Currency Note
EURO/GBP - 1.1265
US$/GBP – 1.6331
CHF/GBP – 1.4578
CAN$/GBP – 1.5694
AUS$/GBP – 1.5507
ZAR/GBP – 11.0765
JPY/GBP – 136.364
HKD/GBP – 12.6996
NZD/GBP – 2.0585
SEK/GBP – 10.1758
US$/EURO – 1.4492
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:
Elsewhere, the Swedish krona strengthened as the government boosted its economic forecasts. The Chinese yuan reached a 17 year high after suspicions that the government may raise the bank’s reserve ratio. The Japanese yen weakened as risk appetite returned following this week’s second earthquake aftershocks
Daily Currency Note
EURO/GBP - 1.1223
US$/GBP – 1.6281
CHF/GBP – 1.4617
CAN$/GBP – 1.5638
AUS$/GBP – 1.5509
ZAR/GBP – 10.9550
JPY/GBP – 136.856
HKD/GBP – 12.6631
NZD/GBP – 2.0608
SEK/GBP – 10.1825
US$/EURO – 1.4509
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:
The Japanese yen, US dollar and Swiss franc strengthened after more earthquakes shook buildings in Japan and after the country raised the nuclear severity rating that began last month, reviving demand for the safer haven assets. The Australian dollar fell the most in almost four weeks against the yen as Asian stocks slumped, damping demand for higher-yielding assets. Call in now for a live exchange rate.
Against the US dollar sterling hit a low of $1.6227/£1 – off a 15-month high hit last week of $1.6430 – following the drop in UK Consumer Price Inflation. There is a wide array of retail sales data released today in the USA, so call in to ensure that you do not lose out if the markets move against you.
For more information on Smart Currency Exchange, please call our freephone: 0808 163 0102 (+44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyExchange.com
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