Currency Rates
US$/GBP – 1.543
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 strengthened against the euro yesterday and breached the 1.14/ £1 barrier as the pound rose by 0.7% as a new opinion poll showed that the conservatives would win an overall majority. This negated the relatively poor consumer confidence survey by the Nationwide that showed that concerns over the election had caused confidence in the UK to suffer. The pound stayed relatively steady against the US dollar. However, in early trading this morning the pound suffered as last night’s first election debate sent shockwaves through the markets as fresh concerns over a hung parliament were raised by Nick Clegg’s strong performance for the Liberal Democrats. This raised fresh concerns that neither Labour nor the Conservatives would win a clear majority. There is no data out today so expect the pound to continue to trade on sentiment. Get in touch now for a quote.
In the USA, following Nick Clegg’s surprise performance in last night’s debate, the US dollar has strengthened by 0.8% against the pound, hitting $1.5366/ £1 and off the seven week high of $1.5524 that was hit yesterday. With risk appetite driving sterling/ dollar prices, it is an opportune time to be working closely with currency specialist to ensure that you can take advantage of any volatility in the market. Out today there is US ‘housing start’ data which is expected to come in at about the same level as last month. Call in now for a price. Have a great weekend!
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
Friday, 16 April 2010
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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.
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