Call Free Phone Now:0808 163 0102
Outside the UK: +(44) 207 898 0541 Request a Call Back
 
  Daily Currency News Euro US Dollar Educational Articles  
 
Posted December 29th, 2014 by Charles Purdy

Smart Currency Daily Exchange Rates

GBP/EUR – 1.2774
GBP/USD – 1.5565
EUR/GBP – 0.7826
EUR/USD – 1.2183
GBP/AED – 5.7148
GBP/AUD – 1.9104
GBP/CAD – 1.8079
GBP/CHF – 1.5365
GBP/CNY – 9.6841
GBP/DKK – 9.5043
GBP/HKD – 12.076
GBP/HUF – 402.57
GBP/INR – 99.118
GBP/JPY – 187.31
GBP/NZD – 1.9981
GBP/RUB – 87.029
GBP/SEK – 12.132
GBP/THB – 51.264
GBP/TRY – 3.6165
GBP/ZAR – 18.049

Comments are closed.

Posted December 29th, 2014 by Charles Purdy

Will sterling see out the year quietly?

It is always difficult to know how sterling will move in the period between Christmas and the New Year given the lack of data releases plus the fact that so many people are on holiday.

But we do find sterling pushing up towards multi year highs against the euro as we approach 2015 and close to lows last seen against the US dollar in 2013, plus we see sterling gaining ground against the commodity backed currencies as commodities prices continue to fall. There is also a danger when trading volumes are low for exchange rates to move quickly when the data that is released doesn’t meet expectations or unexpected events happen.

Friday, the first day of trading in the New Year, does have a raft of UK data being released, including the Purchasing Managers Indices for manufacturing which is expected to be just ahead of the previous month’s figures, which means that we could have a lively start to the New Year for sterling.

Please keep in contact with your trader over this period so that you don’t get caught out by any sudden and unexpected exchange movements.

Posted December 29th, 2014 by Charles Purdy

How will the euro react to events in Greece?

A bit like for sterling there is a lack of key data releases in the Eurozone although we do have the on-going saga of the Greek Presidential vote to keep markets interested. Expectations are that a general election will have to be called and given that it is highly likely that the anti-austerity party will win the election, it will make for an uncomfortable few months as the Eurozone, the IMF and the new Greek government work out what to do next and whether or not Greece even stays in the Eurozone.

On Friday we do have some data releases for the Eurozone so we could expect some reaction of they are not in line with expectations.

Please keep in contact with your trader over this period so that you don’t get caught out by any sudden and unexpected exchange movements.

Posted December 29th, 2014 by Charles Purdy

Will the USA dollar end the year with a flourish?

There is a constant flow of data from the US this week which could see the US dollar make further gains especially given the low trading volumes expected in the holiday period.

The data that is being released, especially the Purchasing Manager Indices, are expected to show continuing expansion of the US economy which is all supportive of a US interest rate rise sooner than any likely increase here in the UK. And in turn this could keep pushing sterling to lows last seen in the middle of 2013 against the US dollar.

Please keep in contact with your trader over this period so that you don’t get caught out by any sudden and unexpected exchange movements.

Posted December 29th, 2014 by Charles Purdy

How is China faring?

We have the final manufacturing Purchasing Managers Indices for China released this week which should again highlight an economy that is in “equilibrium” rather than one of rapid expansion. This supports the view that 2014 was a year in which the Chinese economy deleveraged and one of slowing growth.

Please keep in contact with your trader over this period so that you don’t get caught out by any sudden and unexpected exchange movements.

Posted December 24th, 2014 by Charles Purdy

Smart Currency Daily Exchange Rates

GBP/EUR – 1.2740
GBP/USD – 1.5545
EUR/GBP – 0.7848
EUR/USD – 1.2202
GBP/AED – 5.7090
GBP/AUD – 1.9165
GBP/CAD – 1.8040
GBP/CHF – 1.5318
GBP/CNY – 9.5950
GBP/DKK – 9.4755
GBP/HKD – 12.062
GBP/HUF – 401.45
GBP/INR – 98.629
GBP/JPY – 187.20
GBP/NZD – 2.0118
GBP/RUB – 84.750
GBP/SEK – 12.075
GBP/THB – 51.150
GBP/TRY – 3.6135
GBP/ZAR – 18.139

Posted December 24th, 2014 by Charles Purdy

Sterling drops against the US dollar

Tuesday was not a great day for sterling. We saw some relative weakness yesterday morning, in reaction in part to much worse than expected Current Account figures – nearly £6 billion less than forecast.

We also saw the release of market data showing a fall in mortgage approvals for December, which is now currently at a yearly low of 36.7k. Final GDP for the UK remained the same at 0.7%. Sterling dropped against the US Dollar earlier in the day, which was mainly due to US Dollar strength, and the reported US GDP figures of 5% growth.

We expect Christmas Eve to be a quiet day for Sterling, with no market data releases expected.

Posted December 24th, 2014 by Charles Purdy

Another uneventful day for the Euro

Tuesday was another relatively quiet day for the Euro, with the only market data released being the Italian retail sales coming out at 0.8% year on year.

With liquidity low in the market, we may see the odd spike, but in terms of any major market movements, we will have to wait until after the Christmas break.

Posted December 24th, 2014 by Charles Purdy

A busy day for the US dollar

Tuesday 23rd December proved a very busy day for the US dollar. Important data releases saw the US dollar reach its highest against sterling for the first time since late August 2013 – a year and a half high!

Despite new home sales data coming out at 23K less than expected, final GDP figures showed an overall improvement of 7% which acted as the main jumpstart for the currency. Market data released on Christmas Eve, 24th December, will focus on unemployment claims, which will be the last major US data release before the Christmas break. With the forecasted figure of 291K, the US dollar will likely strengthen even further if the data comes out less than expected.

Posted December 24th, 2014 by Charles Purdy

US dollar strength has a knock-on effect

The Canadian dollar has been pushed to a five year low of $1.161 against the US dollar. There are various factors behind this shift, with the rapid decrease in global oil prices being the major recent driver.

Another key factor in this drop was the US Quarter on Quarter growth rate release at 5% against the expectation of 3.9%.

© Copyright 2010 Smart Currency Exchange. All Rights Reserved.
Site by Iniquus