EUR/GBP Rate & Comments for 7th September 2010
EUR/GBP - 1.206
Sterling has had a difficult seven days with the release of poor UK economic data raising significant concerns on the UK’s recovery. On Thursday we have the Bank of England meeting and sterling is being undermined by the worry that the BoE may revisit their programme of quantitative easing given the poor data. This has been on hold since the last quarter of last year and in the past when utilized has led to sterling losing value. Given these worries I would suggest you get in touch to minimise your risks in these highly volatile times.
Sterling continues to hover around the €1.20 level which is a key level of support. Economic data following the summer season is in short supply. The German economy is still the key driver for the euro zone and so long as this keeps on moving forward then we will see support for the euro.
Exchange rates change every second - call Smart Currency Exchange for a live up-to-the-minute quote. For individual requirements, visit the SmartCurrencyExchange.com website and for companies visit the SmartCurrencyBusiness.com website.
Tuesday, 7 September 2010
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