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Posted April 16th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP – 1.2158
US$/GBP – 1.5821
CHF/GBP – 1.4623
CAN$/GBP – 1.5836
AUS$/GBP – 1.5327
ZAR/GBP – 12.676
JPY/GBP – 127.412
HKD/GBP – 12.2752
NZD/GBP – 1.9312
SEK/GBP – 10.8170
AED/GBP – 5.8176
US$/EURO – 1.3008
INR/GBP – 81.70

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, pushing close to an 18 month high against the euro whilst weakening off against the US dollar as figures released showed that the change in the price of goods and raw materials purchased by manufacturers increased by more than the markets predicted. Data from the UK this week includes retail sales, Consumer Price Index (CPI) figures, the number of new people claiming unemployment benefits and the minutes from the last Bank of England meeting. Call in now for the latest news and a live quote.

The euro had a poor day on Friday weakening off against the majority of currencies as data released showed that Spanish banks borrowed almost double the amount of money from the ECB in March compared to February; this was a new record high and sent the benchmark Spanish bond yields back up towards 6%. Poor industrial production figures from Italy did little to help matters highlighting that many European economies remain in recession. This week, German Information and Forschung (Ifo) business climate sentiment and Zentrum fur Europaische Wirtschaftsforschung (ZEW) economic sentiment will be released; furthermore, euro zone wide trade balance figures are released today. The main focus though, will still remain on Spain and any developments could move the market significantly so call in now for an update and a live quote.

The US dollar performed well on Friday strengthening against the majority of currencies as fears surrounding the global economy meant the “safe haven” currency was bought up by investors. Mixed data showed that consumer confidence was lower than markets had anticipated whilst core CPI figures came in as expected. This week, the focus will be on retail sales, manufacturing and housing data so call in now for the latest news and a live quote.

Elsewhere, data from China showed that GDP figures were worse than expected, this continued deceleration in growth caused renewed fears of a global economic slowdown. Data this week includes the first quarter CPI figures from New Zealand, the Bank of Canada’s interest rate decision and the Reserve Bank of Australia’s minutes from the last policy meeting. Call in now for the latest news and a live quote.

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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Posted April 13th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP – 1.2103
US$/GBP – 1.5936
CHF/GBP – 1.4549
CAN$/GBP – 1.5868
AUS$/GBP – 1.5342
ZAR/GBP – 12.581
JPY/GBP – 129.12
HKD/GBP – 12.3721
NZD/GBP – 1.9225
SEK/GBP – 10.771
AED/GBP – 5.8538
US$/EURO – 1.3170
INR/GBP – 81.91

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 as risk aversion turned to risk appetite. Sterling very nearly reached an 18 month high against the euro on Thursday before retracing whilst strengthening steadily against the US dollar. Data this week showed that the UK’s trade gap widened more than expected; dampening the present economic outlook. The main data out of the UK today is the Producer Price Index (PPI) which will tell us how the price of goods and raw materials purchased by manufacturers changed in the last month. Call in now for a live quote and the latest update.           

The euro performed poorly this week as fears surrounding the state of the Spanish economy shook the market. Rumours started to circulate that if the economic situation in Spain worsened, it may potentially need a bail out (Spain being the country always deemed “too big to bail out”). The final German Consumer Price Index (CPI) figures were released first thing this morning; however, not much other data is released today. The market will keep a close eye on any developments in Spain

The US dollar started the week fairly strong as risk aversion was driving the market; however, the shift to risk appetite saw the US dollar weaken off against the majority of currencies as the week progressed. Yesterday saw the release of poor unemployment data, mirroring the worse than expected Non-Farm Pay rolls data from last Friday; this is of some concern as it was the labour market that had been leading the US economic recovery of late. Furthermore, policy makers in the US also indicated that interest rates would remain low. Today sees the release of the Consumer Price Index (CPI), consumer sentiment figures and the Chairman of the Federal Bank is also speaking; all of which have the potential to move the market so call in now for a live quote and an update.

Elsewhere, the commodity backed currencies were the best performers this week as risk appetite began to drive the market. The Australian dollar performed particularly well as unemployment figures released beat market expectations. China unexpectedly posted a trade balance surplus of US$ 5.4 billion on Tuesday; but, this was driven by a lack of imports which stoked fears of a global slowdown. Much stronger than expected levels of bank lending in China released yesterday gave a boost to the commodity backed currencies. A raft of data from China was released first thing this morning which includes the influential GDP figures. Call in now for a live quote and an update on the markets.

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 April 12th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP – 1.2122
US$/GBP – 1.5924
CHF/GBP – 1.4577
CAN$/GBP – 1.5936
AUS$/GBP – 1.5322
ZAR/GBP – 12.651
JPY/GBP – 129.10
HKD/GBP – 12.3684
NZD/GBP – 1.9381
SEK/GBP – 10.795
AED/GBP – 5.8496
US$/EURO – 1.3140
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 had a mixed day as the FTSE recovered from its 2012 lows yesterday, strengthening against the US dollar and the euro. There is very little data out of the UK today except trade balance figures which will show the difference in value between imported and exported goods during the last month; so, call in now for a live quote and the latest update.

The euro was fairly volatile yesterday as speculation about Spain’s debt was at the forefront of traders’ minds. However, the Italian bond auction was well received yesterday which saw Italian bond yields retrace from their historic highs; furthermore, rumors started to circulate that the European Central Bank  may start to buy Spanish bonds once more which calmed the global markets. With very little data out of Europe today, the focus will remain on the developments in Spain and the upcoming in elections in Greece and France; so call now for a live update and a live quote.

The US dollar was generally weak yesterday as risk appetite returned to the market once more. On the data front, the Beige book revealed that the economy grew in all 12 of its regions at a ‘modest to moderate ‘rate. More unemployment data is released today alongside the monthly producer price index (PPI) and trade balance figures which will go some way to show the state of the world’s largest economy so call in now for a live quote and the latest update.

Elsewhere, the Australian dollar and New Zealand dollar performed fairly well yesterday as risk appetite returned to the market. This morning saw the release of labour data from Australia and later on today trade balance data from Canada will be released. 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 April 11th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP – 1.2124
US$/GBP – 1.5901
CHF/GBP – 1.4574
CAN$/GBP – 1.5938
AUS$/GBP – 1.5448
ZAR/GBP – 12.682
JPY/GBP – 128.72
HKD/GBP – 12.35
NZD/GBP – 1.9434
SEK/GBP – 10.791
AED/GBP – 5.837
US$/EURO – 1.3115
INR/GBP – 81.87

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 weakening off against the euro and the US dollar; but, strengthening against the commodity backed currencies as risk aversion was the main driver in the market once more. With very little data released from the UK today the market will look elsewhere for influence so call in now for a live quote and the latest news.

The euro was weak against the Japanese yen and US dollar yesterday; but, was strong against the majority of other currencies. Fears that Spain would be the next European country needing a bail out were at the forefront of investor’s minds as Spanish bond yields rose once again. Another light day for data in the Eurozone today means the markets will look for any further developments regarding Spain for influence. Call in now for a live quote and the latest news.

The US dollar had a strong day strengthening against the majority of currencies bar the Japanese yen as risk aversion drove the market. Data released from the US today includes the Federal government’s monthly budget balance figures, the Beige book and a member of the Federal Open Market Committee is also speaking. Call in now for the latest news and a live update.

Elsewhere, The New Zealand dollar, Australian dollar and Canadian dollar all had a poor day yesterday as China unexpectedly posted a trade balance surplus of US$ 5.4 billion yesterday. The Japanese central bank kept its official call rate on hold and did not expand its asset purchase facility which saw the yen strengthen against the majority of currencies.  Business confidence figures from New Zealand were released late last night and data from Australia, Canada, Japan and China is also released today, so call in now for the latest news and a live quote.

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 April 10th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP – 1.2118
US$/GBP – 1.5882
CHF/GBP – 1.4568
CAN$/GBP – 1.5826
AUS$/GBP – 1.5436
ZAR/GBP – 12.492
JPY/GBP – 129.12
HKD/GBP – 12.3278
NZD/GBP – 1.9357
SEK/GBP – 10.732
AED/GBP – 5.8324
US$/EURO – 1.3092
INR/GBP – 81.30

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 weakened against the US dollar and rallied to a two and a half month high against the euro on Thursday as fears surrounding Spain dominated the markets. The Bank of England left rates unchanged at 0.5% and kept the asset purchasing program on hold as widely expected. On Friday and Monday, sterling’s rallies continued against the euro reaching fresh highs whilst strengthening against the US dollar. This week, there is not a great deal of data out except the Producer Price Index (PPI) figures for goods bought and sold by manufactures. Call in now for the latest update and a live quote.

The euro had a particularly poor day on Thursday as worries about Spain were at the forefront of traders’ minds. The euro recovered somewhat on Friday and Monday following the poor unemployment data released from the US and due to thin trading due to the bank holidays followed across much of the world. There is not a great deal of significant data out of Europe this week; but, the markets will look to the ongoing developments in Spain for influence so call now for a live quote and the latest news.

The US dollar was strong against the euro and sterling on Thursday as fears surrounding Spain drove the market. Poor employment data released on Friday weakening the US dollar against the majority of currencies; moreover, the US dollar continued to be sold off throughout most of yesterday. Monthly PPI figures, Consumer Price Index (CPI) data, trade balance data and yet more unemployment data is on the agenda this week so call in now for a live update and the latest news.

Elsewhere, Thursday saw the release of strong unemployment data from Canada. The €1.20/Chf1 peg was momentarily breached on Friday, but, a member of the Swiss National Bank said it is willing to buy foreign currencies in "unlimited quantities” to enforce the peg. Yesterday, trade balance data from Japan beat the market’s expectations; moreover, figures released showed that Chinese inflation accelerated more than initially anticipated. This week the other main releases includes the official call rate from Japan and its monetary policy statement, Chinese GDP and Trade Balance data, Canadian trade balance data and unemployment data from Australian. With a raft of data out this week it is essential to call in 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 April 5th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP - 1.2076
US$/GBP - 1.5890
CHF/GBP - 1.4548
CAN$/GBP - 1.5827
AUS$/GBP - 1.5438
ZAR/GBP - 12.383
JPY/GBP - 130.72
HKD/GBP - 12.338
NZD/GBP - 1.9425
SEK/GBP - 10.635
AED/GBP - 5.8432
US$/EURO - 1.3150
INR/GBP - 80.96

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 started the week strongly against the US dollar reaching a four and a half month high before losing two cents as the week progressed as risk aversion drove the market. Sterling traded in the opposite fashion against the euro reaching a two and a half month high yesterday afternoon. Service, manufacturing and construction Purchasing Managers’ Index (PMI) figures released this week all beat market expectations boosting positive sentiment towards the UK’s economy. More positive data was released as figures showed that house prices increased by 2.2% against the expected 0.3% drop. Today the Bank of England meet and we discover if they have decided to further expand the asset purchase program – expectations are that they won’t. The official bank rate is widely expected to remain at 0.5%; any variation from the expected decisions will cause a great deal of volatility so call in now for a live update and a live quote.

The euro had a poor week against the majority of currencies as concerns rose over the ability of certain southern Euro zone states to fund their debt requirements. A very poor Spanish bond auction yesterday further increased worries following the poor Spanish unemployment figures and the budget announcement earlier in the week suggesting that the debt-to-GDP ratio will rise to the highest level since 1990. The European Central Bank’s decision to keep the minimum bid rate on hold at 1% yesterday was widely expected. There is very little data out of Europe for the rest of the week as the market looks elsewhere for influence. Call in now for the latest update and the latest news.

The US dollar has had a fairly strong week as broad based risk aversion drove the market. The Federal Reserve meeting minutes released this week played down the likelihood of further quantitative easing in the world’s largest economy. More unemployment data is released today and the influential Non-Farm Payrolls figures are due on Friday where there is no bank holiday in the US. Call in now for the latest update and the latest news.

Elsewhere, the commodity backed currencies had a poor weak with risk aversion being the dominant trading pattern. The Australian dollar was particular poor following an unexpected trade deficit which increased pressure to reduce interest rates from the 4.25% cash rate decision announced on Tuesday. Unemployment figures and PMI data from Canada are the main releases today with very little data out on Friday due to the bank holiday. 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 April 4th, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP – 1.2042
US$/GBP – 1.5889
CHF/GBP – 1.4506
CAN$/GBP – 1.5762
AUS$/GBP – 1.5462
ZAR/GBP – 12.321
JPY/GBP – 131.44
HKD/GBP – 12.3374
NZD/GBP – 1.9474
SEK/GBP – 10.587
AED/GBP – 5.8332
US$/EURO – 1.3192
INR/GBP – 81.05

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 despite strong Construction Purchasing Managers’ Index (PMI) figures being released showing the fastest growth in 21 months. The British Chambers of Commerce stated its belief that the UK would avoid a technical recession; but, suggested the economic recovery is “much too slow” and the Eurozone crisis could further damage the UK’s economy. Following the close of the UK market the minutes of the last US Federal Reserve meeting were released which resulted in sterling gaining ground against the euro and losing ground against the US$. Today we have the release of Services PMI data. It will be interesting to see if they mirror the positive data PMI data for manufacturing and construction; so, call in now for a live quote and the latest update.
The euro had a relatively strong day yesterday strengthening against sterling until losing ground at the end of the day and finishing fairly flat against the US dollar. Negative releases from Spain showed that unemployment was at the highest level for 6 years and the budget revealed that the debt-to-GDP ratio will rise to the highest level since 1990. The market will look towards the minimum bid rate decision today and the European Central Bank press conference that follows. The minimum bid rate is expected to remain at 1.00%; however, the ECB press conference often causes volatility in the market so call in known for the latest news and a live quote.
The US dollar had a mixed day yesterday as data released showed that the number of factory orders had missed the markets expectations but strengthened when the Federal Reserve Bank minutes played down the likelihood of further quantitative easing. Unemployment data is released today ahead of the influential Non-Farm Payrolls figures which are due on Friday. Services PMI figures will also be announced today so call in now for the latest update and the latest news.
Elsewhere, the Royal Bank of Australia’s decision to leave its cash rate at 4.25% which caused a mass Australian dollar sell off with the currency weak against all major counterparties. The Swiss Franc was one of the best performers yesterday, strengthening against the majority of currencies. Trade balance figures for Australia were released first thing this morning; however, very little other data is released today as the markets look to the UK, Europe and the US for influence. 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 April 3rd, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP – 1.2016
US$/GBP – 1.6031
CHF/GBP – 1.4474
CAN$/GBP – 1.5859
AUS$/GBP – 1.5415
ZAR/GBP – 12.241
JPY/GBP – 131.54
HKD/GBP – 12.4520
NZD/GBP – 1.9447
SEK/GBP – 10.5710
AED/GBP – 5.8870
US$/EURO – 1.3342
INR/GBP – 81.04

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 throughout the morning as much better than expected manufacturing growth data was released, reaching a 10 month high. Sterling rallied to fresh highs against the dollar and the euro before retracing in the afternoon. The markets will look towards the housing data and construction figures released today for influence; however, the main focus will remain on Thursdays Bank of England interest rate and asset purchasing decisions. Call in now for the latest update and the latest news.
The euro had a poor day yesterday weakening off against the majority of currencies as Euro wide unemployment figures reached the highest level in more than 14 years. Moreover, weak manufacturing data released did little to help the single currency gain any positive momentum. The region will look towards the final fourth quarter GDP figures for 2011 which are released today; if worse than expected, the data could further reinforce the sentiment that the Euro zone is in recession so call in now for a live quote and the latest update.
In the US, better than expected manufacturing growth data released yesterday was clouded by figures showing that construction spending had unexpectedly dropped in February. Today, the Federal Open Market Committee (FOMC) meeting minutes for March are released which often causes volatility in the market as the detail can give investors some indication of which course of action the central bank may take in the upcoming months. Call in now for the latest update and the latest news.
Elsewhere, the strong manufacturing data from China released over the weekend meant the commodity backed currencies had a strong start to the day; but there was a great deal of volatility as heavy trading was influenced by data released elsewhere. Extremely poor retail sales figures for Switzerland were released yesterday; but, the manufacturing data showed an unexpected expansion. The main news out today is from Australia where retail sales data and the official bank rate announcement were 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 April 2nd, 2012 by Charles Purdy

Daily Currency Note


EURO/GBP – 1.1998
US$/GBP – 1.6020
CHF/GBP – 1.4456
CAN$/GBP – 1.5967
AUS$/GBP – 1.5389
ZAR/GBP – 12.24
JPY/GBP – 132.98
HKD/GBP – 12.4424
NZD/GBP – 1.9527
SEK/GBP – 10.5921
AED/GBP – 5.8826
US$/EURO – 1.3352
INR/GBP – 81.42

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 strengthened against the US dollar on Friday breaking through the 1.60 resistance level for the first time since November last year. Manufacturing, services and construction Purchasing Managers’ Index (PMI) are released this week; but, the main focus this week will be on Thursday’s announcements where we will discover if the Bank of England will further expand the asset purchase program. The official bank rate is widely expected to remain at 0.5%. Call in now for the latest update and the latest news.

The euro was strong against the US dollar and the Japanese yen as Spain announced its budget which includes plans to make additional cuts to save more than €27 billion. On Friday the EU finance ministers agreed to increase the safety fund to €700 billion to protect the region from further economic crisis. The European Central Bank’s interest rate decision will be announced on Thursday with the general consensus suggesting that the rate will remain at 1.00%. Call in now for the latest update and the latest news.
The US dollar had a varied day on Friday weakening against sterling as mixed economic data was released. US PMI data and a raft of unemployment data will be released this week which could move the market significantly as it has done in the past so call in now for a live quote and the latest update.
Elsewhere, the Australian dollar had another poor day weakening off against the majority of currencies. Canadian GDP data was released as expected at 0.1%. Chinese manufacturing PMI was released on Friday with a higher reading than forecast; however, some analysts think the increase is only “seasonal”. Out this week, we see a raft of data released from Australia including retail sales figures, trade balance data and the RBA’s interest rate decision which is currently expected to remain on hold. There is also the release of unemployment 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

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