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 May 21st, 2010 by Charles Purdy
EURO/GBP – 1.153US$/GBP – 1.443CHF/GBP – 1.660CAN$/GBP – 1.534AUS$/GBP – 1.741 Sterling recovered from yesterday’s 14 month low against the US dollar as investors unwound ‘short’ positions in the pound as fears over European regulation hit investor confidence. German chancellor Angela Merkel’s banned ‘naked short’ selling of national debt – i.e. selling an asset you Continue Reading…
Topic: Currency Exchange, Currency Rates, Election, Euro, German parliament, Greece, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, USD
Posted May 18th, 2010 by Charles Purdy
EURO/GBP – 1.167US$/GBP – 1.450CHF/GBP – 1.637CAN$/GBP – 1.493AUS$/GBP – 1.652 The pound suffered yesterday as concerns over the UK’s escalating deficit saw sterling hit a 13 month low of $1.4250/ £1 against the US dollar and slip against the euro. With many investors shying away from highly indebted countries, many analysts expect the downward Continue Reading…
Topic: Currency Exchange, Euro, Greece, Labour, Pound, Smart Currency Exchange, Sterling, US Dollar, USD, new government
Posted May 17th, 2010 by Charles Purdy
EURO/GBP – 1.173US$/GBP – 1.441CHF/GBP – 1.643CAN$/GBP – 1.495AUS$/GBP – 1.646 Sterling has hit a 13 month low against the US dollar in early trading this morning and also fell against the euro as house price data for the UK raised concerns over the health of the domestic economy. This is a particular worry as Continue Reading…
Topic: Currency Exchange, Election, Euro, Greece, Greek debt, Pound, Smart Currency Exchange, Sterling, US Dollar, USD, new government
Posted May 14th, 2010 by Charles Purdy
EURO/GBP – 1.165US$/GBP – 1.458CHF/GBP – 1.634CAN$/GBP – 1.493AUS$/GBP – 1.629 Sterling fell yesterday against the US dollar and euro as the UK’s trade balance widened by more than expected. In March, the UK imported £6.3bn more than it exported and in April this gap increased by more than £1bn to £7.5bn. Exports remained steady Continue Reading…
Topic: Currency Exchange, David Cameron, Election, Euro, Greece, Greek debt, Pound, Smart Currency Exchange, Sterling, US Dollar, USD
Posted May 13th, 2010 by Charles Purdy
EURO/GBP – 1.174US$/GBP – 1.484CHF/GBP – 1.645CAN$/GBP – 1.502AUS$/GBP – 1.648 After a strong start to the day following the formation of a new government, sterling fell against the US dollar and euro. The pound hit a low of $1.4821/ £1 after opening above $1.5040/ £1. Against the euro, sterling fell from a high of Continue Reading…
Topic: Currency Exchange, Currency Rates, Election, Euro, Greece, Greek debt, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, USD
Posted May 12th, 2010 by Charles Purdy
EURO/GBP – 1.182US$/GBP – 1.501CHF/GBP – 1.666CAN$/GBP – 1.527AUS$/GBP – 1.676 Sterling rose yesterday as Gordon Brown tendered his resignation from office and David Cameron became our new Prime Minister, agreeing a coalition with the Liberal Democrats that sees them part of government for the first time in 70 years. After a volatile day, sterling Continue Reading…
Topic: Currency Exchange, Currency Rates, David Cameron, Election, Euro, Gordon Brown, Greece, Greek debt, Rates, Smart Currency Exchange, Sterling, US Dollar, USD
Posted May 11th, 2010 by Charles Purdy
EURO/GBP – 1.165US$/GBP – 1.484CHF/GBP – 1.646CAN$/GBP – 1.518AUS$/GBP – 1.649 Sterling gained against the US dollar throughout most of yesterday, hitting a high of $1.5054/ £1 as speculation over a deal between the Conservatives and Liberal Democrats helped calm market concerns over the political situation in the UK. Despite being up nearly 1.7% against Continue Reading…
Topic: Chinese inflation, Currency Exchange, Currency Rates, Election, Euro, Greece, Greek debt, Labour, Rates, Smart Currency Exchange, Sterling, US Dollar, USD
Posted May 10th, 2010 by Charles Purdy
EURO/GBP – 1.143US$/GBP – 1.495CHF/GBP – 1.638CAN$/GBP – 1.529AUS$/GBP – 1.649 After a turbulent week for the pound last week, and the most closely fought election for nearly forty years, we are still in store for a turbulent week on the foreign exchange markets. Sterling recovered marginally from Friday morning’s lows against the US dollar Continue Reading…
Topic: Currency Exchange, Election, Euro, Greece, Greek debt, Hung Parliament, Pound, Smart Currency Exchange, Sterling, US Dollar, USD
Posted May 7th, 2010 by Charles Purdy
EURO/GBP – 1.150US$/GBP – 1.462CHF/GBP – 1.630CAN$/GBP – 1.539AUS$/GBP – 1.647 Sterling has had a rollercoaster ride over the last 24 hours. We saw it hit 1.1860/ £1 at one point yesterday, before falling to a low (at the time of writing) of 1.1532/ £1 as sterling goes into freefall this morning as current predictions Continue Reading…
Topic: Currency Exchange, Currency Rates, Election, Euro, Greece, Hung Parliament, Smart Currency Exchange, Sterling, US Dollar, USD
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