Friday, August 27, 2010


EURO/GBP - 1.219
US$/GBP – 1.552
CHF/GBP – 1.590
CAN$/GBP - 1.643
AUS$/GBP – 1.749
NZD/GBP – 2.203
EURO/US$ - 1.272

Sterling benefitted from improved risk sentiment as gains in stock markets gave investors the confidence to seek higher returns elsewhere. Sterling reached $1.5545/£1 against the US dollar as the FTSE 100 gained 1% through the day. Today sees the release of GDP data in the UK and a surprise to the upside could benefit Sterling. Get in touch now to speak to our traders so you can plan ahead accordingly.

The Euro was well supported against Sterling and the US dollar on Thursday as consumer confidence figures pushed German shares higher. Euro zone lending still remains in a fragile situation with data showing that there has been a growth in loans to euro zone households whereas loans to companies have declined by 1.3% over the year. Call in now for a live exchange rate.

The US dollar continues to move with investor risk appetite and today the focus will be on GDP data as well as the Federal Reserve Chairman Ben Bernanke’s speech at the central banker summit in Jackson Hole.

Commodity linked currencies also performed well on the back of improved risk sentiment as both the Australian and Canadian dollars made gains against the US dollar.

Exchange rates change every second - call Smart Currency Exchange for a live up-to-the-minute quote on our Freephone number: 0808 163 0102 (+44 (0)207 898 0541 from outside the UK) or fill out our online quote form at: SmartCurrencyExchange.com/quote.aspx

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Weekly Update on GBP, EUR, USD & Commodity-Backed Currencies

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