Currency Rates

EURO/GBP - 1.110

To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx

Sterling benefited at the end of last week as US employment fell less than anticipated despite severe weather conditions in a lot of the country. Many investors hopeful of a return to positive jobs growth next month. This better than expected data drove risk appetite and this morning the FTSE 100 is trading above the 5,600 level for the first time since the beginning of September 2008 as investors feel the global recovery is gathering pace. Demand for UK shares could see sterling strengthen as the relatively weak pound encourages investors to buy. There is a relatively quiet start to the week – no key data is released today aside from some retail sales figures, and one of the members of the Bank of England’s Monetary Policy Committee speaks today at 13:00. Despite positive sentiment this morning, the Bank of England has an ability to bring a negative slant which could cause volatility. Call in now to take advantage of sterling’s relative strength.

In the Euro zone, strong demand last week for Greek bonds has put fears of a funding crisis on hold for the moment. Markets will continue to watch the situation closely, but this issue seems to have taken a back seat. The euro has a similarly quiet start to the week, however German industrial production figures are due and are expected to show a positive improvement for January. We saw a large amount of volatility last week and we could see the euro rebound the other way. Get in touch now – especially if you have euros to move back into sterling, as this could be the best price we see for a while.

Call 0808 163 0102 or +44 (0) 207 898 0541 from outside the UKor fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx