Call Free Phone Now:0808 163 0102
Outside the UK: +(44) 207 898 0541 Request a Call Back
 
  Daily Currency News Euro US Dollar Educational Articles  
 
Posted July 15th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 15th July 2010

EUR/GBP – 1.199

Sterling hit a 2 month high against the US dollar yesterday as UK jobs data came in better than expected. The number of people claiming unemployment fell by more than expected, showing a fall of 20,800 people against an expectation of 20,0000. In addition, the rate of unemployment fell from 7.9% to 7.8% driven by a record boost in part time employment. The data was the catalyst to see sterling jump by nearly 1% to nearly $1.53/ £1 – the highest rate in 2 months. Concerns over the banking sector held sterling back, as the FTSE 100 traded down 0.4%. Against the euro, the pound gained marginally to trade back above the 1.20/ £1 level. However, movement between sterling and the euro has been fairly limited this week with most off the volatility coming against the US dollar. In terms of data, there is little out today in the UK so get in touch to ensure you take advantage of the strong US dollar price.

In the euro zone, inflation figures came in as expected with year on year CPI inflation showing 1.4% the ‘core’ CPI showing 0.9% – both of which had been widely predicted. Month on month industrial production underperformed however, posting 0.9% growth against an expectation of 1.2%. Despite holding at around 1.20/ £1 for the last few days, analysts are still expecting the euro to weaken against sterling but this is reliant on the Bank of England raising interest rates or at least ending the asset purchase programme, which is still on pause. Sovereign debt is still a concern, but seems to have taken a back seat. It is not lurking far below the surface though – call in now to ensure you buy at the right time.

Exchange rates change every second – call Smart Currency Exchange for a live up-to-the-minute quote. For individual requirements, visit the SmartCurrencyExchange.com website and for companies visit the SmartCurrencyBusiness.com website.

Leave a Reply

Posted July 14th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 14th July 2010 EUR/GBP – 1.198 Sterling rose yesterday against the US dollar after inflation data remained above the Bank of England’s target rate. The CPI year on year inflation figure fell from 3.4% for May to 3.2% for June. The Bank’s target rate is 2.0%, and many investors felt  Continue Reading…

Posted July 13th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 13th July 2010 EUR/GBP – 1.196 Sterling fell against the US dollar on Monday after concerns resurfaced over the UK’s triple A credit rating. Standard & Poor’s said it was maintaining the negative outlook on Britain’s economy as the challenging spending cuts announced in the recent emergency budget have yet  Continue Reading…

Posted July 12th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 12th July 2010 EUR/GBP – 1.190 Sterling slipped against the USD dollar and euro on Friday as the post-election and budget rally seems to be coming to an end. After hitting $1.5141/ £1 on Thursday – the highest level since May – the pound is now trading at $1.4970/ £1.  Continue Reading…

Posted July 9th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 9th July 2010 EUR/GBP – 1.195 Sterling fell yesterday against the US dollar and euro as mixed economic data triggered a sell off of sterling positions. Despite hitting a 2 month high of $1.5241/ £1 – the highest since early May – the pound struggled to make ground. This happened  Continue Reading…

Posted July 8th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 8th July 2010 EUR/GBP – 1.199 Sterling had a good day yesterday, recovering lost ground against the US dollar and euro as a recovery in UK shares on the FTSE stock market helped ease concerns over the fragility of the economy. Data on UK jobs growth was relatively poor and  Continue Reading…

Posted July 7th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 7th July 2010 EUR/GBP – 1.200 Sterling rose overall against the US dollar but fell against the euro as investors bought riskier investment assets as concerns eased over the global recession. Sterling jumped above $1.52/£1 in early trading as data in the USA came in worse than expected. This left  Continue Reading…

Posted July 6th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 6th July 2010 EUR/GBP – 1.206 The pound fell yesterday after weaker than expected data on UK services sector activity highlighted the fragile state of the country’s recovery. This saw many investors booking in profits after the pound’s late rally against the US dollar at the end of last week.  Continue Reading…

Posted July 5th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 5th July 2010 EUR/GBP – 1.210 Sterling hit a month high of $1.5230/ £1 – the strongest since early May – after US Non-Farm payroll data came in far worse than expected and investors dumped the US dollar in favour of sterling. Following the drastic first budget of the new  Continue Reading…

Posted July 2nd, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 2nd July 2010 EUR/GBP – 1.213 Sterling jumped to an 8 week high yesterday against the US dollar of $1.5144/£1 as the dollar fell due to poor manufacturing, housing and employment data. The pound started the day poorly after lower than expected Chinese manufacturing data cast doubts over the global  Continue Reading…

© Copyright 2010 Smart Currency Exchange. All Rights Reserved.
Site by Iniquus