Currency Rates
EURO/GBP - 1.127
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 hit a 1 month high against the euro and a 2 week high against the US dollar as the pound extended a fourth straight day of gains against the major currencies. Sterling finished the day at around 1.1220/ £1 having hit a high of 1.1270/ £1 earlier in the morning. Against the US dollar, the pound broke through to $1.5200/ £1 before closing around $1.5190/ £1. Sterling’s strength was as a result of traders covering short positions (buying back sterling after speculatively betting against the pound by selling the currency) and following the positive GDP data earlier in the week. In addition, opinion polls over the last few days have shown that the Conservatives may have strengthened their lead over Labour, however many analysts still point to the risk of a hung parliament as the key factor that is likely to hold sterling back from a recovery. It seems that a Conservative majority victory is the best case scenario for the pound, whereas a hung parliament is the worst. Heading into the Easter weekend, there is house price data from HBOS and data on purchasing activity in the manufacturing sector. Call in now for a price.
In the Euro zone, the German labour market added 31,000 jobs in the last month against an expected fall of 10,000. However, the unemployment rate for the Euro zone as a whole stayed unchanged at 10%. Inflation estimates for the region showed prices increased by 1.5% versus an expected increase of 1.1%. Following this better than expected data, the euro strengthened against the US dollar breaking through 1.35/ $1 at the close. Out today there is German retail sales data – get in touch now to avoid volatility impacting your payment.
Many clients have been enquiring about our opening hours over Easter. They are as follows:
Thursday 1st April: Open 08:00 – 18:00
Friday 2nd – Monday 5th April: Closed
Tuesday 6th April: Open 08:00 – 18:00
Have a great holiday and a Happy Easter!
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
Thursday, 1 April 2010
Subscribe to:
Post Comments (Atom)
Weekly Update on GBP, EUR, USD & Commodity-Backed Currencies
Smart Resources
SMART RESOURCES FOR INDIVIDUALS
Free Reports - Make sure to collect your copy!
For overseas property buyers: "Why Overseas Property Buyers Lose Money... and how YOU can avoid it" Get the report here!
For anyone relocating from the UK to another country: "How you could save £20,000 when relocating from the UK to any overseas location!" Get the report here!
Currency Quotation
Are you interested in a currency rate for euros, US dollars or any other currency? If so, please fill out our Smart quotation form.
Smart Articles (For Clients & Press)
Read recent articles published in a variety of publications or request information on our Smart Press page.
Main Smart Currency Exchange Website (for individuals)
Get information on all the Smart services, educational resources and access to our FAQ's plus much more! Visit main website here.
SMART RESOURCES FOR COMPANIES
Currency Report
Have you read our 10-page Currency Report 'Why UK businesses unknowingly lose £££'s on making and receiving international payments...And what they can do to avoid it!" Get the report here!
Currency Quotation
Are you interested in a currency rate for euros, US dollars or any other currency? If so, please call 0808 163 0102 fill out our Smart quotation form.
Smart Articles (For Clients & Press)
Read recent articles published in a variety of publications or request information on our Smart Media page.
Main Smart Currency Business Website
Get information on all the Smart services, educational resources and access to our FAQ's plus much more! Visit main website here.
Disclaimer
Exchange rates can move very quickly. The above rates are valid at a moment in time. We have no crystal ball and we recommend that if an exchange rate works for your budget then don’t wait for an even better exchange rate - Murphy’s Law says the rate will go against you and cause you maximum pain! Suggestions should not be taken as advice or fact.
© 2005-2010 Copyright Smart Currency Exchange Ltd THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS).
No comments:
Post a Comment