Posted November 24th, 2011 by Charles Purdy
Daily Currency Note
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 payments will be delayed by one day as US routing banks will be shut. Please allow an extra day if you are paying suppliers in US dollars. This may also impact other currency payments so bear this in mind.
Sterling fell to a further 6 week low against the US dollar yesterday, falling below $1.55/ £1 following steep drops in the prices of riskier currencies/ commodities. A raft of poor data from the euro zone saw investors pull back from positions in riskier positions. With sterling seen as a relatively riskier option to the US dollar, the pound has come under pressure as the European crisis intensifies. The pound wasn’t helped either by the Bank of England’s minutes that showed policymakers unanimously voting for no change to monetary policy. One positive was that sterling strengthened against the euro. Call in now to ensure you take advantage.
In the euro zone, the euro tumbled yesterday following poor demand for German bonds. Germany is seen by many as the ‘safe haven’ of the euro zone and the lacklustre bond auction yesterday may be the first signs of the markets beginning to question Germany’s ability to handle the European crisis. In addition, data showed that industrial orders and purchasing figures fell in the region, signalling an impending recession. Call in now for a price to make sure you don’t lose out.
In the USA, the US dollar strengthened to the highest level against the euro since early October as investors became more and more concerned over the impact that the European debt crisis was having on France and Germany – the region’s largest economies. Markets are becoming more and more concerned globally and as such are seeking the safe haven of US dollars. Ensure you protect yourself by speaking to one of the team today.
Elsewhere, Chinese data released yesterday showed a sharp contraction in manufacturing activity. The figures shocked many who had been relying on China to drive the global recovery forward.
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
Topic: Australian Dollar, Currency Exchange, Currency Rates, Euro, FSA, Greece, Pound, Rates, Smart Currency Exchange, US Dollar, USD, debt crisis, debt problems, economic data, euro zone, exchange rates, government debt
Posted November 30th, 2010 by Charles Purdy
Daily Currency Note
EURO/GBP - 1.1859 US$/GBP – 1.5567 CHF/GBP – 1.5490 CAN$/GBP – 1.5854 AUS$/GBP – 1.6155 ZAR/GBP – 11.0888 JPY/GBP – 130.79 HKD/GBP – 12.08632 NZD/GBP – 2.08607 SEK/GBP – 10.8770 US$/EURO – 1.3128 Sterling rose to a 2 month high against the euro yesterday as investors saw beyond the €85bn Irish rescue plan and sold the single Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, FSA, Rates, Smart Currency Exchange, Sterling, US Dollar, euro zone, exchange rates
Posted September 22nd, 2010 by Charles Purdy
Daily Currency Note
EURO/GBP – 1.177 US$/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$/EURO – 1.331 Sterling fell to a 2 month low against the euro yesterday after stronger than expected demand for Irish and Greek government bonds eased concerns over Continue Reading…
Topic: Australian Dollar, Currency Exchange, Currency Rates, Euro, Pound, Smart Currency Exchange, Sterling, UK government, US Dollar, USD, bank of england, euro zone, exchange rates, uk economy
Posted August 25th, 2010 by Charles Purdy
EURO/GBP – 1.214US$/GBP – 1.544CHF/GBP – 1.587CAN$/GBP – 1.634AUS$/GBP – 1.738NZD/GBP – 2.188EURO/US$ – 1.271 Yesterday sterling fell to a one month low against the US dollar and ended four days of gains against the euro over fears of a double-dip recession. Martin Weale, a Bank of England Official stated in the Times, “The UK Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, US economy, USD, bank of england, euro zone, exchange rates, uk economy
Posted August 24th, 2010 by Charles Purdy
EURO/GBP – 1.219US$/GBP – 1.538CHF/GBP – 1.604CAN$/GBP – 1.627AUS$/GBP – 1.736NZD/GBP – 2.189EURO/US$ – 1.261 Sterling hit a 2 month high against the euro yesterday reaching 1.2279/£1. This was short lived and this morning we have seen sterling lose ground against both the euro and the US$. Trading volumes in August are traditionally low which Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Smart Currency Exchange, Sterling, US Dollar, US economy, USD, bank of england, euro zone, exchange rates, uk economy
Posted August 13th, 2010 by Charles Purdy
EURO/GBP – 1.217US$/GBP – 1.563CHF/GBP – 1.645CAN$/GBP – 1.622AUS$/GBP – 1.737NZD/GBP – 2.193EURO/US$ – 1.284 It has been a mixed week for sterling which ended the week up against the euro and down against the US dollar as a fresh wave of risk aversion hit global markets. Sterling hit a new 6 month high of Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, USD, bank of england, euro zone, exchange rates, global markets, risk aversion, uk economy
Posted August 12th, 2010 by Charles Purdy
EURO/GBP – 1.215US$/GBP – 1.569CHF/GBP – 1.658CAN$/GBP – 1.642AUS$/GBP – 1.746NZD/GBP – 2.197EURO/US$ – 1.291 Sterling dropped by nearly 1% against the US dollar yesterday after the Bank of England’s quarterly inflation report said that inflation would drop below the 2% target level in the next 2 years. In addition the Bank left the door Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, US economy, USD, VAT, bank of england, emergency funding, euro zone, exchange rates
Posted August 10th, 2010 by Charles Purdy
EURO/GBP – 1.199US$/GBP – 1.580CHF/GBP – 1.664CAN$/GBP – 1.629AUS$/GBP – 1.731NZD/GBP – 2.185EURO/US$ – 1.316 Sterling hit a daily high of $1.5998/£1 but slipped away as the pound yet again struggled to break through the $1.60/£1 barrier. Sterling strengthened as the fallout from Friday’s poor US jobs data continued to hammer the US dollar. With Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, US economy, USD, euro zone, euro zone crisis, exchange rates, uk economy
Posted August 9th, 2010 by Charles Purdy
EURO/GBP – 1.199US$/GBP – 1.594CHF/GBP – 1.655CAN$/GBP – 1.637AUS$/GBP – 1.733NZD/GBP – 2.179EURO/US$ – 1.328 Last week was a strong one for sterling – especially against the US dollar where the pound finished up 1.74% on the week. We saw sterling hit a 6 month high of $1.5999/ £1 against the US dollar on Friday Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, USD, bank of england, euro zone, exchange rates
Posted August 6th, 2010 by Charles Purdy
EURO/GBP – 1.203US$/GBP – 1.587CHF/GBP – 1.661CAN$/GBP – 1.613AUS$/GBP – 1.733NZD/GBP – 2.180EURO/US$ – 1.318 It has been a strong week for sterling – especially against the US dollar. We saw sterling hit a 6 month high of $1.5968/ £1 against the US dollar earlier in the week after a run of strong banking earnings Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, USD, bank of england, euro zone, exchange rates
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