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Posted March 30th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP - 1.1981
US$/GBP – 1.6017
CHF/GBP - 1.4447
CAN$/GBP - 1.5972
AUS$/GBP - 1.5395
ZAR/GBP -
12.334
JPY/GBP - 131.64
HKD/GBP - 12.4402
NZD/GBP - 1.9526
SEK/GBP - 10.605
AED/GBP - 5.8862
US$/EURO - 1.3364
INR/GBP -
81.92

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

Sterling has had a turbulent week hitting a four and half month high against the US dollar and a two week low against the euro before these trends reversed towards the back end of the week. The annual and fourth quarter GDP figures for 2011 were both unexpectedly revised down this week and figures showed that the UK’s disposable income has now fallen to its lowest level since 1921. There is very little data out of the UK today; but, with news released elsewhere there is still the potential for a lot of volatility so call in now for the latest update and a live quote.

The euro had a poor end of the week as Standard and Poor’s (one of the three biggest credit rating agency) suggested that Greece may need its debt restructuring again; furthermore, one of the members of the ECB stated his belief that Portugal may need more European aid. On a more positive note, German unemployment fell more than anticipated; but, this did little to increase the sentiment from the Eurozone as the majority of countries struggle to produce any positive data. The market will look to decipher the budget cuts announcements that are expected from Spain today with the 24 hour general strike in full flow. Furthermore, German retail sales and French consumer spending figures will give some indication of the state of the economy from the two largest economic countries; but, whether this gives a true indication of the state of the region’s economy as a whole is a different question entirely. Call in now for the latest update and the latest news.
The US dollar had poor start to the week; but, strengthened against the majority of currencies as the week progressed. Announcements this week suggested that the Federal Reserve Bank would look to keep monetary policy loose for the time being. A string of bad data was released this week as core and headline durable goods orders rose by less than markets had predicted, weak house sales data were revealed and unexpectedly poor labour data showed that the number of individuals who filed for unemployment insurance had risen. There is a raft of data out of the US today including personal spending and consumer sentiment figures so call in now for the latest update and a live quote.
Elsewhere, the Australian dollar, New Zealand dollar and South African all had a poor week, whilst the Japanese yen changed from being particularly weak against the majority of currencies before strengthening mid-way through the week as the markets risk appetite changed. The most notable news was that the Chinese yuan strengthened to a record high against the US dollar following the Chinese president stating that he will look to "let the market play a greater role” in determining the yuan’s strength. A raft of data from Australia and Japan was released first thing this morning with monthly GDP figures released from Canada in the early afternoon. Call in now for the latest update and the latest news.
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Posted March 29th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP - 1.1935
US$/GBP – 1.5916
CHF/GBP – 1.4392
CAN$/GBP - 1.5886
AUS$/GBP – 1.5334
ZAR/GBP – 12.2110
JPY/GBP – 131.35
HKD/GBP – 12.3596
NZD/GBP – 1.9475
SEK/GBP – 10.5910
AED/GBP – 5.8458
US$/EURO - 1.3332
INR/GBP - 81.38

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

Sterling had a poor day yesterday weakening off against the majority of currencies as the fourth quarter GDP figures for 2011 were unexpectedly revised down to -0.3%; furthermore, annual GDP figures were also revised down to 0.5%. Data released yesterday showed that the UK’s disposable income has now dropped to -1.2% meaning consumers have to tighten their belts even more to maintain their living. This negativity drove sterling to a two week low against the euro. House price data and figures depicting the net lending to individuals is released today which will go some way to indicate the state of the UK’s economy so call in now for the latest update and a live quote.

The euro had a mixed day yesterday as rumours suggested that the Eurozone countries might try to increases the bailout fund sooner rather than expected which would create greater certainty in the region. German unemployment figures is the main data on the agenda today, the markets will looks for signs that the labour market could potentially lead the Eurozone recovery as it has in the US. Call in now for the latest update and the latest news.
               
The US dollar had a strong day yesterday, strengthening against the majority of currencies despite both the core and headline durable goods orders rising by less than markets had predicted. Today, more labour data is released in the form of unemployment claims and the final quarters GDP for 2011 will also be revealed. Both have the potential to cause some volatility in the market so call in now for the latest update and the latest news.
Elsewhere, fears surrounding China’s economic growth weighed on the Australian dollar as it weakened against the majority of currencies. Business confidence data was released from New Zealand late last night and the main other release is the raw materials inflation data from Canada. Call in now for the latest update and the latest news.
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:http://www.smartcurrencyexchange.com/quote.aspx

Posted March 28th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP - 1.1953
EURO/GBP - 1.1949
US$/GBP – 1.5950
CHF/GBP – 1.4424
CAN$/GBP - 1.5880
AUS$/GBP – 1.5295
ZAR/GBP – 12.156
JPY/GBP – 131.86
HKD/GBP – 12.3728
NZD/GBP – 1.9468
SEK/GBP – 10.639
AED/GBP – 5.8516
US$/EURO - 1.3324
INR/GBP - 81.15

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

Sterling hit a four and a half month high against the US dollar today before losing ground and ending the day where it started. Sterling traded in a similar pattern against the majority of currencies strengthening in the morning before retracing in the late afternoon. One of the members of the Bank of England suggested that the central banks interest rates could be raised sooner than initially anticipated; but, the markets still expect the Bank of England to keep to its wait-and-see approach for quite a time yet. Trade balance figures and the final quarters GDP for 2011 will be released today which provide are a good indicator of the state of the UK’s economy so call in now for the latest update and a live quote.

The euro weakened off against sterling, the US dollar and the Swiss franc yesterday; but strengthened against the majority of commodity backed currencies. A weak Spanish bond auction and poor German consumer climate figures released yesterday did little to boost confidence in the Eurozone. There is not much data release in the Eurozone today as the markets look elsewhere for influence so call in now for the latest update and the latest news.
The US dollar strengthened against the majority of currencies yesterday; but, ended the day fairly flat against sterling as the Federal Reserve Bank suggested that it would keep monetary policy loose. On the data front, the Conference Board (CB) index representing consumer confidence came out as the markets had anticipated. The main data released today is the Core Durable Goods Orders figures which is expected to show a 1.6% increase in the total value of new purchase orders placed with manufacturers for durable goods; any variation from the expected values could create volatility in the market so call in now for the latest update and the latest news.
Elsewhere, the Japanese yen had another weak day yesterday. The Chinese yuan also strengthened to a record high against the US dollar following the Chinese president stating that he will look to "let the market play a greater role” in determining the yuan’s strength. Call in now for the latest update and the latest news.
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:http://www.smartcurrencyexchange.com/quote.aspx

Posted March 27th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP - 1.1953
US$/GBP – 1.5951
CHF/GBP – 1.4421
CAN$/GBP - 1.5809
AUS$/GBP – 1.5170
ZAR/GBP – 12.112
JPY/GBP – 132.26
HKD/GBP – 12.3886
NZD/GBP – 1.9402
SEK/GBP – 10.643
AED/GBP – 5.8618
US$/EURO - 1.3340
INR/GBP – 81.16

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

Sterling had a mixed day yesterday, strengthening and weakening against a variety of currencies as the markets shifted from risk appetite to risk aversion. Sterling was particularly strong against the Japanese yen and the US dollar, strengthening by 1.5c against the latter reaching the highest price in more than 3 months. There is very little data out of the UK today except the release of the Confederation of British Industry (CBI) index on the relative level of current sales volumes. Call in now for the latest update and the latest news.

The euro had a mixed day ending fairly flat against the majority of currencies; but, strengthening to a 1 month high against the US dollar. The index representing the business climate in Germany hit an 8 month high yesterday boosting confidence in the region. Furthermore, the ECB President said that he saw signs of economic stabilisation and that the outlook of the Eurozone had improved. The Eurozone will look towards more German data released today as consumer climate figures will give further indication to the state of the region’s largest economy. Despite the ECB Presidents positive words, the Eurozone appears to be extremely fragile so call in now for the latest news and a live quote.
The US dollar had an extremely poor day yesterday following the remarks from the Chairman of the Federal Reserve Bank. The Chairman suggested that the US economy would need to grow faster if the labour market would continue to grow which created a major dollar sell off. Further negativity came as figures released showed that the change in the number of homes under contract to be sold unexpectedly dropped by 0.5%. The main data released today is the Conference Board (CB) index representing consumer confidence. If worse than expected we could see the dollar continue to be sold off so call in now for a live quote and the latest update.
Elsewhere, the commodity backed currencies had a turbulent day as the risk appetite shifted to risk aversion; but, the majority of currencies ended up against the weak US dollar and Japanese yen. The Japanese yen lost a lot of ground yesterday as its fiscal year is coming to an end this week. Call in now for the latest update and the latest news.
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:http://www.smartcurrencyexchange.com/quote.aspx

Posted March 26th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP - 1.1968
US$/GBP – 1.5861
CHF/GBP – 1.4422
CAN$/GBP – 1.5834
AUS$/GBP – 1.5183
ZAR/GBP – 12.207
JPY/GBP – 131.12
HKD/GBP – 12.3236
NZD/GBP – 1.9436
SEK/GBP – 10.689
AED/GBP – 5.8248
US$/EURO - 1.3251
INR/GBP - 81.40

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

Sterling had a poor day on Friday weakening off against the majority of currencies but strengthening against the US dollar. The only significant data revealed on Friday showed that nationwide consumer confidence was worse than expected creating yet more negativity towards the state of the UK’s economy. The main data out of this week is the trade balance figures and the final quarterly GDP data so call in now for a live quote and the latest update.

The euro had a mixed day on Friday strengthening against both the US dollar and the euro; but, weakening off against the majority of other currencies. Contagion fears spread in the eurozone as Spanish bond yields rose on Friday creating more rumours that Spain could be the new Greece. The main release this week is the German business climate index, any variation from the expected values could create volatility in the market so call in now for the latest update and the latest news.
The US dollar had a very poor day on Friday, weakening off against the majority of currencies as data revealed that the number of new home sold was less than anticipated. This week there is a raft of data out of the US including more labour data in the form of unemployment claims, US consumer confidence and the Chairman of the Federal Bank is also speaking. With not much data out in the rest of the world the markets will look to the US for influence so call in now for a live quote and the latest news.
Elsewhere, the Canadian dollar weakened off against the US dollar as data revealed that the price of goods and services purchased by consumers in Canada rose by more than the markets had predicted. This week’s main data includes trade balance figures from New Zealand, New Zealand’s business confidence index and Canadian GDP data. Call in now for the latest update and the latest news. 

To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:
http://www.smartcurrencyexchange.com/quote.aspx

Posted March 23rd, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP 1.1985
US$/GBP 1.5870
CHF/GBP 1.4447
CAN$/GBP 1.5861
AUS$/GBP
1.5244
ZAR/GBP 12.198
JPY/GBP 131.39
HKD/GBP 12.3180
NZD/GBP 1.9526
SEK/GBP
10.711
AED/GBP
5.8321
US$/EURO 1.3235
INR/GBP
81.08

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

Sterling had a mixed week trading in a range against the euro and the US dollar; but, strengthening against the commodity backed currencies. The Bank of England’s minutes revealed that two of its members voted for £25 billion more to be pumped in to the economy which led some economists to predict that further stimulus could be on the way.  Data released showed public borrowing rose by much more than expected last month. The annual budget was also announced, which included several new policies on tax and included several unpopular proposals; however, the budget announcement did little to effect sterling’s strength as the announcements were largely expected. The slump in retail sales figures released yesterday did little to help the negativity in the UK with data showing a contraction of -0.8% as opposed to the -0.5% expected. There is very little data out of the UK today except figures showing the change in the number of mortgages that were approved last month. Call in now for the latest news and a live update.

There was very little data released from the Eurozone this week; but, a raft of poor Purchasing Managers’ Index (PMI) data out yesterday with both the Manufacturing and Services sectors contracting across Europe did little to reassure the market. There is little data out of Europe today; but, the euro is as unpredictable as ever so call in now for the latest update and the latest news.
A mixed week for the US dollar as risk aversion was the main driver in the market on the back of poor news from China. Data released yesterday revealed that the number of people filing for unemployment insurance fell to the lowest level in 4 years, reaffirming the feeling that the labour market is leading the US economic recovery. Mixed housing data revealed the number of existing home sales fell short of the markets expectation; but, the number of new residential permits rose more than anticipated. More housing data is released today which will provide data on the number of new home sold; any variation from the expected value could cause volatility so call in now for the latest update and a live quote.
Elsewhere, risk aversion drove the market as poor data released from China sparked fears that the world’s second largest economy could be slowing down faster than economists had predicted. This negativity was amplified yesterday as worse than expected PMI data was also revealed. The main release today is the Consumer Price Index (CPI) figures from Canada which is expected to show a slight increase. Call in now for the latest news and a live update.

To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:
http://www.smartcurrencyexchange.com/quote.aspx

Posted March 22nd, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP - 1.2001
US$/GBP – 1.5884
CHF/GBP – 1.4465
CAN$/GBP - 1.5768
AUS$/GBP – 1.5274
ZAR/GBP – 12.175
JPY/GBP – 132.30
HKD/GBP – 12.3375
NZD/GBP – 1.9632
SEK/GBP – 10.665
AED/GBP – 5.8296
US$/EURO - 1.3240
INR/GBP - 80.86

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

Sterling had a poor start to the day as the Bank of England’s minutes revealed that two of its members voted for the further injection of £25 billion into the economy causing speculation that further Quantitative Easing could be on the way.  The negative sentiment toward sterling was magnified due to extremely poor UK public borrowing figures  showing borrowing rose by a larger than expected £15.2bn in February, nearly double the markets estimates. The annual budget release did little to effect sterling’s strength as the chancellor’s announcements were largely pre-meditated by the market. Retail sales data is the main release from the UK today with the figures expected to show a 0.5% contraction from last month. Call in now for the latest update and the latest news.

The euro had a volatile day as the markets looked towards the releases in the UK and the US for influence. Risk aversion drove the euro weaker in the afternoon against the majority of currencies. The Precedent of the European Central Bank is speaking today to provide some insight on the state of the Eurozone economy so call in now for a live quote and the latest updates.
The US dollar had a strong day yesterday fuelled by a risk adverse market following comments from the Chairman of the Federal Bank stating it was not considering buying debt of "troubled" nations. On the data front, existing home sales figures rose less than expected dampening the positive rhetoric coming from the US of late. More unemployment data is released today which will show the change in the number of people claiming unemployment insurance; any variation from the expected value could cause volatility in the US dollar so call in for a live quote and the latest news.

Elsewhere, the New Zealand dollar strengthened in the early hours as figures released showed its current account deficit had narrowed. New Zealand’s GDP and Chinese Purchasing Managers’ Index (PMI) data was released late last night and Canada’s core retail sales data is released later on today. Call in now for the latest update and the latest news.

To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:
http://www.smartcurrencyexchange.com/quote.aspx

Posted March 21st, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP - 1.1978
US$/GBP – 1.5876
CHF/GBP – 1.4448
CAN$/GBP - 1.5694
AUS$/GBP – 1.5112
ZAR/GBP – 12.0490
JPY/GBP – 132.86
HKD/GBP – 12.3289
NZD/GBP – 1.9363
SEK/GBP – 10.6830
AED/GBP – 5.8312
US$/EURO – 1.3254
INR/GBP - 80.26

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

Sterling had a mixed day yesterday, strengthening against the Australian and New Zealand dollar; but, experiencing a volatile day against the majority of other currencies. Inflation data released yesterday showed a slight decrease last month to the lowest level in a year; but, missed market expectations. Today’s focus will be firmly on the borrowing figures for the public sector, the minutes from the last Bank of England meeting and the annual budget which takes place this afternoon. Any unexpected details revealed could cause a lot of volatility today so call in for the latest news and a live quote.
           
The euro had a mixed day yesterday as fears of an economic slowdown in China spread across the world creating a risk adverse market. There is very little data out of Europe today as the markets look towards the UK and the US for influence. Call in now for the latest update and the latest news.

The US dollar had a fairly strong day as risk aversion was driving the market once more. Mixed housing data released in the US was received positively; but, did little to increase risk appetite. Existing home sales figures will be released today and the Chairman of the Federal Bank is also talking so call in now for the latest news and a live quote.

The Australian dollar had a poor day yesterday despite the Reserve Bank of Australia’s minutes revealing a more optimistic outlook on the economy. The IMF told the Swiss National Bank that once the “economic conditions stabilise” it must remove the €1.20/Chf1 peg that it currently enforces. News from China of higher energy costs, poor predicted vehicle sales and a decreased demand for iron ore sparked fears that the world’s second largest economy could be slowing down faster than economists had predicted. Call in now for the latest update and the latest news.

To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:http://www.smartcurrencyexchange.com/quote.aspx

Posted March 20th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP – 1.1992
US$/GBP – 1.5870
CHF/GBP – 1.4472
CAN$/GBP – 1.5698
AUS$/GBP – 1.5055
ZAR/GBP – 12.0231
JPY/GBP – 132.48
HKD/GBP – 12.3189
NZD/GBP – 1.9310
SEK/GBP – 10.6760
AED/GBP – 5.8260
US$/EURO - 1.3227
INR/GBP – 79.74

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

Sterling had a mixed day yesterday strengthening against the majority of currencies in the morning before the markets shifted and sterling started to weaken off against all currencies except the US dollar as risk appetite increased. The main release today is the Consumer Price Index (CPI); but, the markets will be looking towards Wednesdays annual budget release which has caused a great deal of volatility in the past so call in now for the latest update and a live quote.

The euro had a fairly strong day yesterday, strengthening against the majority of currencies and was significantly stronger against the US dollar despite a lack of news or data released from the markets. The key reason seemed to be increased risk appetite following the Greek credit default swap auction passing off without a hitch and investors tiring of hoping for euro weakness in the short term. There is not much data out of Europe today as the market will look elsewhere for influence so call in now for a live quote and the latest news.
The US dollar had a very poor day yesterday weakening off against the majority of currencies and reaching fresh lows against both sterling and the euro. Rumours started to circulate that the Federal bank may look to raise interest rates before 2014 as previously stated. Housing data is the main news on the agenda today which includes the number of residential building permits issued during the previous month so call in now for the latest update and a live quote.
Elsewhere, the Swiss franc had a strong day strengthening dramatically against the US dollar; whilst the Swedish krona and South African rand also performed well. On the data front, the change in the total value of sales at the wholesale level in Canada was much worse than expected declining 1.0%. The minutes from the Australians Policy meeting were released late last night and quarterly industrial production figures from Switzerland are released first thing this morning. Call in now for the latest update and the latest news.         

To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:
http://www.smartcurrencyexchange.com/quote.aspx

Posted March 19th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP – 1.2035
US$/GBP – 1.5832
CHF/GBP – 1.4520
CAN$/GBP – 1.5708
AUS$/GBP – 1.4944
ZAR/GBP – 11.9820
JPY/GBP – 131.75
HKD/GBP – 12.2942
NZD/GBP – 1.9189
SEK/GBP – 10.7002
AED/GBP – 5.8204
US$/EURO – 1.3158
INR/GBP – 79.44

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

Sterling had a strong day against the dollar on Friday strengthening by more than 1.5 cents whilst ending fairly flat against the euro. There is a raft of data out of the UK this week with the markets paying particular attention to the release of the Bank of England meeting minutes and the annual budget on Wednesday. The BoE meeting minutes will shed some more light on their view on the state of the UK economy and any unexpected details outlined in the budget could cause a lot of volatility so call in now for the latest update and a live quote.

Data release on Friday showed that Italian Trade balance was much worse than expected and the euro zone wide trade balance was also worse than expected. This week’s main releases will be the Manufacturing and Services Purchasing Managers’ Index (PMI) from the Euro zone countries; furthermore, the European Central Bank (ECB) President is also speaking. Call in now for the latest update and the latest news.
The US dollar had a poor day on Friday weakening off against the majority of currencies. Core Consumer Price index inflation figures released showed a slight rise; but, the data fell short of the market’s expectations. US housing and unemployment data will be the main market movers this week as the county looks for more signs of economic recovery. Any variation from the anticipated figures could cause a sharp movement for the US dollar so call in now for the latest update and a live quote.
Elsewhere, the Japanese yen had a poor day as the Bank of Japan meeting minutes revealed that some of its members thought that the inflation target should be set at 1% for now, before eventually being set at 1-2%. The main releases this week will be the manufacturing PMI from China and the minutes from the Australian monetary policy committee. Call in now for the latest update and the latest news.

To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form:
http://www.smartcurrencyexchange.com/quote.aspx

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