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Posted March 17th, 2010 by Charles Purdy

Currency Rates

EURO/GBP – 1.105

To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx

Sterling climbed 1% against the US dollar and 0.3% against the euro following stronger than expected housing data and opinion polls showed a Conservative majority. The DCLG House Price Index (which measures the yearly change in the selling price of houses) was expected to show a 3.6% rise but in fact showed a 6.2% rise. Initially yesterday there were reports that the European Commission would recommend that the UK needed to do more to tackle the ballooning deficit. This saw early weakness from the pound but following the strong housing data and fresh opinion polls that showed a Conservative majority, sentiment towards sterling improved and the pound finished the day higher. Out today we have the minutes of the Bank of England’s March meeting and Unemployment claimant count. This is expected to show that all members voted to keep rates on hold. Any sign that the Bank will increase the emergency funding could see sterling fall further. In addition, eyes will turn to UK public spending data which is out on Thursday. Get in touch now to take advantage of the relative short term strength of the pound and avoid missing out.

In the Euro zone, German ZEW economic sentiment was better than expected and French month on month inflation showed an increase of 0.6% – beating expectations. However, ZEW economic sentiment for the Euro zone as a whole came in worse than expected. This reflects the concerns that Greece has caused and that the region is still fragile as a result. The euro fell 0.3% as a result and reached a low of 1.1053/ £1 on the day. There is little data out today on the European front. Get in touch today to avoid missing out, as the pound could drop even further again against the euro.

Call 0808 163 0102 or +44 (0) 207 898 0541 from outside the UKor fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx

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Posted March 16th, 2010 by Charles Purdy

Currency Rates EURO/GBP – 1.100 To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx Sterling had yet another poor Monday against the US dollar as further opinion polls published over the weekend showed a narrowing Conservative lead in the run up to the election – now widely  Continue Reading…

Posted March 15th, 2010 by Charles Purdy

Currency Rates EURO/GBP – 1.104 To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx Sterling had a positive end to the week rising 0.3% against the US dollar on Friday following an opinion poll that suggested the Conservatives would win an outright majority in an election. Sterling  Continue Reading…

Posted March 12th, 2010 by Charles Purdy

Currency RatesEURO/GBP – 1.102 To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx Sterling rose yesterday following a slight upturn in inflation expectations, but negative sentiment over the economic and political situation in the UK still remains. Despite Thursday’s modest upswing, which saw the pound hit a  Continue Reading…

Posted March 11th, 2010 by Charles Purdy

Currency Rates EURO/GBP – 1.097 To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx Sterling fell to 1 week lows against the euro and US dollar as investors reacted to the gloomy outlook in the UK. Sterling hit $1.4873/ £1 and 1.0966/ £1 as Tuesday’s political opinion  Continue Reading…

Posted March 10th, 2010 by Charles Purdy

Currency Rates EURO/GBP – 1.099 To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx Sterling dropped back below $1.50/ £1 again yesterday after a barrage of poor economic data and as credit rating firms issued warnings on the UK’s sovereign credit rating. In addition, fears of a  Continue Reading…

Posted March 9th, 2010 by Charles Purdy

Currency RatesEURO/GBP – 1.101 To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx Despite gaining against the US dollar and euro over the weekend due to increased risk appetite, sterling slipped throughout Monday as risk appetite waned due to uncertainty over the UK’s political future in the  Continue Reading…

Posted March 8th, 2010 by Charles Purdy

Currency RatesEURO/GBP – 1.110 To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx Sterling benefited at the end of last week as US employment fell less than anticipated despite severe weather conditions in a lot of the country. Many investors hopeful of a return to positive jobs  Continue Reading…

Posted March 5th, 2010 by Charles Purdy

Currency Rates EURO/GBP – 1.105 To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx The Bank of England kept interest rates on hold at 0.5% and kept emergency funding on hold by voting not to expand their liquidity programme. After a rollercoaster week for sterling which has  Continue Reading…

Posted March 4th, 2010 by Charles Purdy

Currency Rates EURO/GBP – 1.101 To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx Stronger than expected UK economic data saw sterling strengthen over 0.7% against the US dollar yesterday afternoon. A survey of purchasing managers showed that the UK’s services sector expanded at the highest rate  Continue Reading…

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