Thursday, January 07, 2010

Currency Rate

EURO/GBP 1.109
US$/GBP 1.594
CHF/GBP 1.645
CAN$/GBP 1.644
AUS$/GBP 1.733

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Comments: Sterling had a good start to yesterday but was then undermined by political manoeuvrings by two former Labour cabinet ministers trying to unseat the Prime Minister by asking for a secret vote. All fairly pointless but just highlights the susceptibility of sterling to the upcoming election. Today we have the Bank of England meeting and tomorrow we have the US unemployment figures. So we could have a couple of days of sudden changes in sterlings fortunes.


Note: All rates are mid market inter bank and indicative at the point of publication. To get an initial estimate of the cost of a property simply DIVIDE the price of the property by the appropriate currency rate noted above.

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