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 December 30th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 30th December 2010

EURO/GBP - 1.1717

Sterling gained a little bit of ground across the board. The US$ suffered from worries over the level of its funding requirements over the coming year as yields on US government bonds continued to increase. There are also concerns about the Euro zone funding requirements for January over what demand there will be and what yields will be demanded by the market for government bonds from the periphery countries such as Spain. The total funding requirement for the Euro zone is put at €815 billion for the coming year which is clearly a very large and significant amount which highlights why January will be such a critical month in setting expectations for the rest of the year.

As highlighted yesterday the festive period means that market activity is a lot less than normal. The trouble with this is that transactions that normally have limited effect can result in rapid and significant movements and that is why it is important to minimise the downside risk and maximise the upside potential by getting in touch today.

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

Be Sociable, Share!

Comments are closed.

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