US$/GBP – 1.5356

Sterling slipped against the euro yesterday as falling inflation reinforced expectations that the Bank of England would ease monetary policy further in the coming months. UK inflation fell sharply in December with the CPI index dropping from 4.8% to 4.2% backing up the Bank of England’s view that inflation may have peaked. Many now expect this to have given a green light to the Bank to open the taps on further Quantitative Easing as early as next month. Many investors are becoming more and more concerned over poor data from the UK despite poor figures largely being ignored in recent weeks as markets look for alternatives to the euro. Out later today we have unemployment claims and average earnings so call in now for a live exchange rate.

In the USA, the US dollar weakened off after risk appetite was given a boost by a record jump in German economic sentiment yesterday. In addition, data released yesterday in the USA showed that manufacturing activity increased by more than expected. With the focus on the Greek renegotiations, expect the US dollar to see some strength today as investors look towards the currency as a safe haven. Call in now for a live exchange rate.

For individual requirements, visit the SmartCurrencyExchange.com website and for companies visit the SmartCurrencyBusiness.com website

For individual requirements, visit the SmartCurrencyExchange.com website and for companies visit the SmartCurrencyBusiness.com website

For individual requirements, visit the SmartCurrencyExchange.com website and for companies visit the SmartCurrencyBusiness.com website