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 May 31st, 2013 by Charles Purdy

UK house price increases steady sterling | Smart Daily Currency Note

This week     (Last week)
GBP/EUR – 1.1668     (GBP/EUR – 1.1661)

Sterling rose against most of its major trading partners barring the euro yesterday; finding support in the wake of house prices increasing at the fastest annual rate since 2011 and most markedly against the US dollar as weak economic releases from the world’s largest economy have diluted speculation that the Federal Reserve will scale back its asset purchase programme. Bouncing back from disappointing retail sales figures on Wednesday, sterling made advances following a report from mortgage lenders nationwide showed house prices had risen 1.1% from last year. With the housing market slowly gaining momentum and the sporadic recovery in the UK continuing to head in the right direction, sterling has started to gather a little bit of momentum – the question however is whether or not sterling can maintain this strength. With lending data emerging today call in for live markets rates at Smart Currency.

The euro performed well yesterday, moving upwards across the board and notably against sterling, the Japanese yen and a weaker US dollar. Higher core bond yields and more positive debt news in periphery countries provided support for the seventeen nation currency to rally throughout Thursday though price levels in euro pairs remain very volatile. Higher borrowing costs have materialised in the wake of anticipation of the US Federal Reserve tapering back its quantitative easing strategy, though Italy sold off its maximum amount of debt it had hoped to offer. The euro has seen a mix of data released from Germany with higher than anticipated inflation data marred by much worse than expected unemployment change figures released alongside import data indicating that demand in Europe’s largest economy is slowing. Other data released this week included a French consumer confidence survey which detailed another drop in the wake of France’s government reforming labour laws introduced in an attempt to stop a concerning rise in unemployment. Retail sales released from Germany today will be watched closely as will French consumer spending data and euro-wide unemployment and inflation data. Be in touch today for expert feedback and live prices with your trader.

Leave a Reply

Posted May 30th, 2013 by Charles Purdy

Sterling struggles following poor UK retail sales figures | Smart Daily Currency Note

GBP/EUR – 1.1687 Sterling had mixed performance in currency market yesterday; weakening against European currencies and the Japanese yen but gained ground against the US dollar. The UK currency rose by around a cent against its stateside counterpart despite a release from the Confederation of British Industry detailing that retail sales had fallen at their  Continue Reading…

Posted May 29th, 2013 by Charles Purdy

Europe’s largest economy starts to slow | Smart Daily Currency Note

GBP/EUR – 1.1696 Sterling held its own after the bank holiday apart from against a well-performing US dollar yesterday afternoon. Though the UK currency fell against its American counterpart following strong US consumer confidence data, sterling steadily extended it’s rebound from last week against most of it’s major peers as expectation increases that the Bank  Continue Reading…

Posted May 28th, 2013 by Charles Purdy

Will sterling continue its downward trend? | Smart Daily Currency Note

GBP/EUR – 1.1692 Sterling had a more positive day on Friday, recovering a little of the ground lost earlier in the week and indeed some analysts are starting to suggest the Bank of England may be looking to slowly move away from their easing cycle, which could help sterling retrace it’s decline from earlier this  Continue Reading…

Posted May 24th, 2013 by Charles Purdy

Sterling has a tough week | Smart Daily Currency Note

This week                 (Last week) GBP/EUR – 1.1661      (GBP/EUR – 1.1847) Sterling has had a tough week, having dropped sharply against both the euro and US dollar since Monday, falling by nearly two cents at their lowest point. Yesterday however further slides were averted; bouncing back from the lower than anticipated inflation data and disappointing retail  Continue Reading…

Posted May 23rd, 2013 by Charles Purdy

Sterling stumbles and starts to fall | Smart Daily Currency Note

GBP/EUR – 1.1698 Sterling tumbled on Wednesday in most of its major pairings – reaching seven week lows against the US dollar – stemming from poor retail sales data released yesterday morning and following the lower inflation levels from Tuesday. The UK currency struggled across the board despite making up some ground against the euro  Continue Reading…

Posted May 22nd, 2013 by Charles Purdy

Sterling suffers as inflation falls | Smart Daily Currency Note

GBP/EUR – 1.1718 Sterling dropped on almost all fronts yesterday, falling to a seven-week low against the US dollar as markets reacted to inflation rates coming in lower than expected at 2.4% for April, down from 2.8% in March: the first fall since 2012. The figures showed that lower fuel prices outweighed a rise in  Continue Reading…

Posted May 21st, 2013 by Charles Purdy

House prices support sterling | Smart Daily Currency Note

GBP/EUR – 1.1822 Sterling gained ground yesterday morning against most of it’s major peers including the euro and US dollar after an industry report showed home asking prices to have risen for a fifth consecutive month. The data from Smart Currency partners Rightmove Plc  described house prices rising by 2.1%, pushing values to record highs  Continue Reading…

Posted May 20th, 2013 by Charles Purdy

US dollar strengthens, UK awaits BoE minutes | Smart Daily Currency Note

GBP/EUR – 1.1821 Sterling struggled to hold it’s ground before the weekend, most notably against a strong US dollar, though with the Bank of England looking less likely to increase the level of quantitative easing for now, this decline could be short lived. Indeed one of the members of the Bank of England committee spoke  Continue Reading…

Posted May 17th, 2013 by Charles Purdy

Mixed week for sterling | Smart Daily Currency Note

This week                 (Last week) GBP/EUR – 1.1847      (GBP/EUR – 1.1832) Sterling started the week slowly with performance negatively affected by a buoyant US dollar and a UK trade report showing the country’s current account position to have continued to deteriorate. By midweek however, the UK currency climbed for the first time in four days as  Continue Reading…

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