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Posted October 16th, 2013 by Charles Purdy

Positive news flow doesn’t support the euro

The euro struggled yesterday, weakening against the U.S. dollar and the Canadian dollar after we saw increased optimism for a U.S. congressional budget resolution. This weakness came in spite of moderately positive data from Europe including a reduction in Italy’s August government debt and improved figures from Germany’s ZEW survey. The Eurozone Commission is also hoping to announce that no further assistance will be extended to Spain following recent evidence of its self-sustaining capacity. There is also support for Ireland’s re-introduction to the capital markets following its string of bailouts to demonstrate the increased economic stability and fiscal discipline within the 17-member union. Out today we have some inflation data from the Eurozone; but, the President of the ECB’s speech in Frankfurt may well have a greater influence on the market as investors look for hints of future monetary policy. Call in now for the latest rates on the euro.

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Posted August 13th, 2013 by Charles Purdy

Smart Daily Exchange Rates

GBP/EUR – 1.1632
GBP/USD – 1.5479
EUR/GBP – 0.8592
EUR/USD – 1.3305
GBP/AED – 5.6851
GBP/AUD – 1.6937
GBP/CAD – 1.5954
GBP/CHF – 1.4339
GBP/CNY – 9.479
GBP/HKD – 12.0058
GBP/HUF – 346.59
GBP/INR – 94.724
GBP/JPY – 150.88
GBP/NZD – 1.9349
GBP/RUB – 51.1946
GBP/SEK – 10.0884
GBP/THB – 48.294
GBP/ZAR – 15.357

Posted July 29th, 2013 by Charles Purdy

Smart Daily Exchange Rates | 29/07/2013

 

GBP/EUR – 1.1578
GBP/USD – 1.5374
EUR/GBP – 0.8636
EUR/USD – 1.3268
GBP/AED – 5.6452
GBP/AUD – 1.6640
GBP/CAD – 1.5792
GBP/CHF – 1.4286
GBP/CNY – 9.5046
GBP/HKD – 11.9241
GBP/INR – 90.78
GBP/JPY – 150.58
GBP/NZD – 1.9035
GBP/RUB – 50.4131
GBP/SEK – 9.9345
GBP/THB – 47.92
GBP/ZAR – 15.1070

 

 

 

 

 

 

 

 

 

 

 

 

 

Posted July 15th, 2013 by Charles Purdy

Sterling slips as the UK awaits the BOE meeting minutes | 16/07/2013

Sterling slipped away a little on Friday, breaking through 1.51 and 1.16 against the US dollar and euro respectively. This week is a lot livelier on the news front than last with influential releases coming most days. Tomorrow sees annual CPI figures as well as other inflation data. On Wednesday markets get further insight into how the new Governor of the Bank of England will run his bank with the release of the minutes from the first meeting under his charge. On Thursday we have Retail sales figures, a key indication of consumer spending and growth in the country, markets will keep a keen eye on the release though the forecasts are not overly positive. Call your trader this week for the very latest news, and up to the second rates for sterling.

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