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 September 18th, 2012 by Charles Purdy

GBP/EUR Rate & Comments for 18th September 2012

GBP/EUR – 1.2409

Sterling was one of the best performing currencies yesterday, steadily recovering from its 2 month low versus the euro on Friday and reaching fresh highs of 1.6270 against the US dollar. This favourable movement for sterling came despite house pricing data being released which showed the average price of homes for sale was 0.6% less than last month. Inflation data released this morning will be closely watched by investors and is expected to show that the price of good and services has increased by 2.5% from last year. The markets continue to be unsettled so call in now for the latest rates.

The euro performed relatively well yesterday and sterling was the only major currency it lost ground to despite Spanish bond yield pushing back towards the 6% level. Ministers across Europe yesterday were trying to come to an agreement with regards to the make-up of the proposed banking union, but, it appears that the Germans and French disagree on which banks should be under supervision. Euro zone trade balance and current account figures released missed market expectations showing the trade surplus had narrowed by more than anticipated. German and other euro zone economic confidence figures will be the main release on the agenda today on what is otherwise expected to be a relatively quiet day; so, call in now for the latest news.

For individual requirements, visit the website and for companies visit the


Be Sociable, Share!

Comments are closed.

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