EURO/GBP – 1.1701
US$/GBP – 1.5558
CHF/GBP – 1.4439
CAN$/GBP – 1.5960
AUS$/GBP – 1.5362
ZAR/GBP – 12.7188
JPY/GBP – 121.05
HKD/GBP – 12.1171
NZD/GBP – 2.0245
SEK/GBP – 10.5645
AED/GBP – 5.724
US$/EURO – 1.3309

Sterling had a relatively strong week against the euro last week, but failed to push higher on Friday as analysts were left to digest the outcome of the EU summit. David Cameron’s veto of the treaty changes was referred to as “bad for Britain” by Deputy PM Nick Clegg yesterday and there could be signs of cracks beginning to form in the coalition, which could be negative for sterling. However, polls by major newspapers seem to show that the majority of the public are in favour of the veto. The PM speaks to the Commons later today on the veto and reasons behind it. Later this week we have inflation, unemployment and retail sales figures so call in now for a live exchange rate.

In the euro zone, leaders made decent progress towards a solution to the debt crisis at last week’s summit. The measures include a new treaty aimed at a ‘genuine fiscal stability union’ and the adoption of a new rule that the annual structural deficit may not exceed 0.5% of GDP. In addition, punitive measures kick in if this is deviated from. It is already widely known that the UK was the only member of the EU not to sign up to the new measures and it remains to be seen what the impact of this is likely to be. Later this week there is further discussion over amendments to the EFSF so call in now for a live exchange rate.

In the USA, the US dollar was very volatile last week with the market trading back and forth ahead of the EU summit. In the end, investors were somewhat disappointed at the lack of a comprehensive solution to the crisis and the US dollar ended the week marginally down. Market sentiment is set to remain subdued in the coming days as investors and analysts digest the details of the summit. Released this week we have retail sales and inflation figures so call in now to avoid losing out.

Elsewhere, with market movements and concerns over the EU summit, sterling has performed well against the commodity currencies including the New Zealand dollar. Sterling has held above $2.00/£1 for the past few days, but sentiment is fragile and it could easily drop back below 2. Call in now for a live exchange rate.

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

EURO/GBP – 1.1602 US$/GBP – 1.5556 CHF/GBP – 1.4254 CAN$/GBP – 1.6251 AUS$/GBP – 1.5940 ZAR/GBP – 13.1824 JPY/GBP – 119.92 HKD/GBP – 12.1131 NZD/GBP – 2.0870 SEK/GBP – 10.7151 AED/GBP – 5.708 US$/EURO – 1.3388     Important notice: Today is Thanksgiving (a public holiday) in the USA and as a result, US dollar  Continue Reading…

EURO/GBP - 1.1802 US$/GBP – 1.5699 CHF/GBP – 1.5366 CAN$/GBP – 1.5787 AUS$/GBP – 1.5891 ZAR/GBP – 10.820 JPY/GBP – 130.01 HKD/GBP – 12.190 NZD/GBP – 2.062 SEK/GBP – 10.751 US$/EURO – 1.3299     Sterling rose against the US dollar on Friday afternoon after poor US employment figures saw the US currency weaken across the board. There  Continue Reading…

EURO/GBP – 1.177 US$/GBP – 1.569 CHF/GBP – 1.561 CAN$/GBP – 1.603 AUS$/GBP – 1.639 ZAR/GBP – 11.028 JPY/GBP – 133.15 HKD/GBP – 12.172 NZD/GBP – 2.128 US$/EURO – 1.331 Sterling fell to a 2 month low against the euro yesterday after stronger than expected demand for Irish and Greek government bonds eased concerns over  Continue Reading…

EURO/GBP – 1.186 US$/GBP – 1.551 CHF/GBP – 1.558 CAN$/GBP – 1.596 AUS$/GBP – 1.639 ZAR/GBP – 11.052 JPY/GBP – 132.56 HKD/GBP – 12.049 NZD/GBP – 2.131 US$/EURO – 1.308 Sterling fell to a 7 week low against the euro yesterday after poor UK data highlighted a slow UK recovery. Data showed that lending to  Continue Reading…

EURO / GBP – 1.198  US$ / GBP – 1.540 CHF / GBP – 1.545 CAN$ / GBP – 1.585 AUS$ / GBP – 1.651 ZAR / GBP – 11.017 JPY / GBP – 128.27 HKD / GBP – 11.965 NZD / GBP – 2.118 US$ / EURO – 1.285 Sterling performed well against the  Continue Reading…

EURO/GBP – 1.216US$/GBP – 1.504CHF/GBP – 1.633CAN$/GBP – 1.557AUS$/GBP – 1.723 Sterling had a strong week last week as tough spending cuts announced in the emergency budget eased fears amongst investors that the UK would suffer a debt crisis akin to Greece or Spain. The pound hit a 19 month high of 1.22/ £1 and  Continue Reading…