Currency Rates

EURO/GBP - 1.132

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 enjoyed a strong run up to Easter and has opened the post Easter period strongly moving up through 1.13/£$1 for the first time in a while. Positive economic data has been one of the factors helping sterling to strengthen and we wait to see if this weeks data releases maintains the momentum. Firstly we have the purchasing managers indices for services for March released and the expectation is for it to be similar to the February level. Then we have UK industrial production data for February and the expectation is for continued improvement. And finally it looks as if all the talk is over and the general election is on its way in early May. The Conservatives seem to be ahead in the poll which is helpful as the last thing sterling needs is a hung parliament. So volatility is going to stay high so give us a ring to make sure you don’t miss out.

The euro had a mixed week last week. Reasonable economic data was held back by the continued problems with Greek debt and uncertainty with the support package put in place by the European Central Bank. The ECB meets on Thursdays and there is bound to be lots of questions at their post meeting news conference on this matter. Otherwise we have a similar release of the purchasing managers indices for services for March and as per the UK the expectation is for it to be similar to the February level. So again a level of uncertainty and worth giving us a ring.

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