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$/EURO – 1.3128 Sterling rose to a 2 month high against the euro yesterday as investors saw beyond the €85bn Irish rescue plan and sold the single Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, FSA, Rates, Smart Currency Exchange, Sterling, US Dollar, euro zone, exchange rates
Posted September 21st, 2010 by Charles Purdy
Daily Currency Note 21/09/10
EURO/GBP – 1.186 US$/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$/EURO – 1.308 Sterling fell to a 7 week low against the euro yesterday after poor UK data highlighted a slow UK recovery. Data showed that lending to Continue Reading…
Topic: Australian Dollar, Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, US economy, USD, bank of england, euro zone, uk economy
Posted August 31st, 2010 by Charles Purdy
EURO/GBP – 1.216US$/GBP – 1.542CHF/GBP – 1.573CAN$/GBP – 1.634AUS$/GBP – 1.731NZD/GBP – 2.202EURO/US$ – 1.267 Sterling’s movement last week was dictated by risk sentiment as sterling suffered on increased risk aversion at the start of the week but benefitted towards the end of the week due to gains in global stock markets. UK quarterly growth Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, US economy, USD, bank of england, euro zone, 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 23rd, 2010 by Charles Purdy
EURO/GBP – 1.225US$/GBP – 1.558CHF/GBP – 1.610CAN$/GBP – 1.631AUS$/GBP – 1.743NZD/GBP – 2.202EURO/US$ – 1.270 Last week was a strong one for sterling against the euro and this trend has continued this morning as it is trading at 1.2260/£1. During this past week, the Bank of England minutes for the month of August showed that Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, US economy, USD, bank of england, euro zone, uk economy
Posted August 20th, 2010 by Charles Purdy
EURO/GBP – 1.217US$/GBP – 1.552CHF/GBP – 1.604CAN$/GBP – 1.617AUS$/GBP – 1.746NZD/GBP – 2.205EURO/US$ – 1.275 Sterling recovered yesterday to jump more than a cent yesterday against the US dollar after far stronger than expected retail sales data boosted hopes that the UK economy can maintain positive momentum in the 3rd quarter. There was an expectation Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, US economy, USD, bank of england, euro zone, uk economy
Posted August 17th, 2010 by Charles Purdy
EURO/GBP – 1.216US$/GBP – 1.565CHF/GBP – 1.625CAN$/GBP – 1.628AUS$/GBP – 1.736NZD/GBP – 2.201EURO/US$ – 1.286 Sterling reclaimed some of the ground lost against the US dollar last week, rising 0.4% yesterday to hit $1.5665/£1 after risk sentiment improved in trading yesterday. Against the euro, sterling slipped after house price data showed that the housing market Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, USD, bank of england, euro zone, uk economy
Posted August 16th, 2010 by Charles Purdy
EURO/GBP – 1.216US$/GBP – 1.555CHF/GBP – 1.618CAN$/GBP – 1.619AUS$/GBP – 1.748NZD/GBP – 2.218EURO/US$ – 1.278 It was an interesting week last week for sterling after the Bank of England’s quarterly inflation report gave a downbeat assessment of the UK’s prospects over the next two years. After a lot of positive sentiment following the new coalition Continue Reading…
Topic: Currency Exchange, Currency Rates, Euro, Pound, Rates, Smart Currency Exchange, Sterling, US Dollar, US economy, USD, bank of england, euro zone, 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
Leave a Reply