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Posted July 29th, 2014 by Charles Purdy

Smart Daily Exchange Rates

GBP/EUR – 1.2635
GBP/USD – 1.6975
EUR/GBP – 0.7912
EUR/USD – 1.3432
GBP/AED – 6.2348
GBP/AUD – 1.8059
GBP/CAD – 1.8346
GBP/CHF – 1.5347
GBP/CNY – 10.491
GBP/DKK – 9.4215
GBP/HKD – 13.155
GBP/HUF – 391.22
GBP/INR – 102.04
GBP/JPY – 172.95
GBP/NZD – 1.9936
GBP/RUB – 60.484
GBP/SEK – 11.595
GBP/THB – 53.989
GBP/TRY – 3.5700
GBP/ZAR – 17.995

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Posted July 29th, 2014 by Charles Purdy

Smart Daily Exchange Rates

GBP/EUR – 1.2635
GBP/USD – 1.6975
EUR/GBP – 0.7912
EUR/USD – 1.3432
GBP/AED – 6.2348
GBP/AUD – 1.8059
GBP/CAD – 1.8346
GBP/CHF – 1.5347
GBP/CNY – 10.491
GBP/DKK – 9.4215
GBP/HKD – 13.155
GBP/HUF – 391.22
GBP/INR – 102.04
GBP/JPY – 172.95
GBP/NZD – 1.9936
GBP/RUB – 60.484
GBP/SEK – 11.595
GBP/THB – 53.989
GBP/TRY – 3.5700
GBP/ZAR – 17.995

Posted July 29th, 2014 by Charles Purdy

Sterling has a quiet start to the week

A quiet day across the board saw sterling trade within narrow bounds on Monday. Markets remained largely unmoved by pending home sales in the US, reporting back at a lower-than-expected level, with investors hanging back to see what comes of more influential data releases later in the week.

In contrast to Friday’s announcement that the UK economy had returned to its pre-crisis level, the number of UK companies which issued a profit warning in the first half of 2014 has hit a three-year high according to consultancy firm EY. Citing increased competition and a strong pound, this highlights the issues a strong currency could pose for UK manufacturing and exports. This may increase pressure on the Bank of England (BoE) to delay any raising of UK interest rates. Today sees little in the way of notable data releases, with an announcement of net lending to individuals through June providing the main event from the UK. So if there is any movement in sterling exchange rates today it is likely to be generated by news from elsewhere.

If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.

Posted July 29th, 2014 by Charles Purdy

Eurozone steady in difficult circumstances

The euro had a mixed Monday as it swung both ways against its major peers. Pressure still remains on the currency as there are few signs of Eurozone economic stabilisation any time soon with unemployment figures at nearly 12% and very low inflation at 0.5%. There were no large shifts for the euro yesterday as it awaits more important news, due later this week.

Today we see Business and Consumer confidence data from the Eurozone. Previously reported at -7.5, it is now forecast at -8.4. Results that are worse-than-forecast stand to have a significant impact on the euro. The Eurozone also sees more important data on Thursday, in the form of inflation and unemployment figures.

If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.

Posted July 29th, 2014 by Charles Purdy

US Dollar waiting for tomorrows economic releases

The dollar maintained its recent highs against numerous other major currencies in subdued Monday trade as investors wait for key economic events at the latter end of the week. Although support for the dollar remained on Monday, it is worth keeping an eye on both the U.S. employment report and US Federal Reserve statement, which are both due out tomorrow.

Federal Reserve Chair Janet Yellen suggested earlier in the month that interest rates may rise if the labour market continued to recover, so investors will be watching the statement for any clues as to when this may happen. Expect another quiet day for the US dollar today unless some event or news elsewhere has an impact.

If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.

Posted July 29th, 2014 by Charles Purdy

Rouble under pressure

  • The Russian rouble was the most significant mover yesterday, dropping off by as much 1% against the US dollar. The Russian economy and the rouble remain very sensitive to any news flows regarding the Ukrainian conflict. A set of satellite photos surfaced yesterday that the US claims proves that Russia fired shells across the border – this has bolstered bets that wider sanctions will be imposed, with European Union nations looking the most likely to act.
  • The Australian dollar strengthened, with a more positive sentiment surrounding China, their biggest trading partner – this has provided support for the export-reliant economy. China’s yuan has also taken strength from the sentiment.

A relatively quiet day on the data-front today means that markets will be susceptible to other factors, so if you are looking to buy or sell currencies, we suggest you call your trader now for live rates, news and currency purchasing strategies.

Posted July 29th, 2014 by Charles Purdy

Rouble under pressure

  • The Russian rouble was the most significant mover yesterday, dropping off by as much 1% against the US dollar. The Russian economy and the rouble remain very sensitive to any news flows regarding the Ukrainian conflict. A set of satellite photos surfaced yesterday that the US claims proves that Russia fired shells across the border – this has bolstered bets that wider sanctions will be imposed, with European Union nations looking the most likely to act.
  • The Australian dollar strengthened, with a more positive sentiment surrounding China, their biggest trading partner – this has provided support for the export-reliant economy. China’s yuan has also taken strength from the sentiment.

A relatively quiet day on the data-front today means that markets will be susceptible to other factors, so if you are looking to buy or sell currencies, we suggest you call your trader now for live rates, news and currency purchasing strategies.

Posted July 29th, 2014 by Charles Purdy

Rouble under pressure

  • The Russian rouble was the most significant mover yesterday, dropping off by as much 1% against the US dollar. The Russian economy and the rouble remain very sensitive to any news flows regarding the Ukrainian conflict. A set of satellite photos surfaced yesterday that the US claims proves that Russia fired shells across the border – this has bolstered bets that wider sanctions will be imposed, with European Union nations looking the most likely to act.
  • The Australian dollar strengthened, with a more positive sentiment surrounding China, their biggest trading partner – this has provided support for the export-reliant economy. China’s yuan has also taken strength from the sentiment.

A relatively quiet day on the data-front today means that markets will be susceptible to other factors, so if you are looking to buy or sell currencies, we suggest you call your trader now for live rates, news and currency purchasing strategies.

Posted July 29th, 2014 by Charles Purdy

Rouble under pressure

  • The Russian rouble was the most significant mover yesterday, dropping off by as much 1% against the US dollar. The Russian economy and the rouble remain very sensitive to any news flows regarding the Ukrainian conflict. A set of satellite photos surfaced yesterday that the US claims proves that Russia fired shells across the border – this has bolstered bets that wider sanctions will be imposed, with European Union nations looking the most likely to act.
  • The Australian dollar strengthened, with a more positive sentiment surrounding China, their biggest trading partner – this has provided support for the export-reliant economy. China’s yuan has also taken strength from the sentiment.

A relatively quiet day on the data-front today means that markets will be susceptible to other factors, so if you are looking to buy or sell currencies, we suggest you call your trader now for live rates, news and currency purchasing strategies.

Posted July 28th, 2014 by Charles Purdy

Smart Daily Exchange Rates

GBP/EUR – 1.2633
GBP/USD – 1.6971
EUR/GBP – 0.7913
EUR/USD – 1.3432
GBP/AED – 6.2334
GBP/AUD – 1.8071
GBP/CAD – 1.8354
GBP/CHF – 1.5351
GBP/CNY – 10.502
GBP/DKK – 9.4190
GBP/HKD – 13.153
GBP/HUF – 389.65
GBP/INR – 102.01
GBP/JPY – 172.85
GBP/NZD – 1.9882
GBP/RUB – 59.970
GBP/SEK – 11.558
GBP/THB – 53.977
GBP/TRY – 3.5565
GBP/ZAR – 17.855

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