British pound tumbles

Hi All,

Today’s Interbank rates as of 10 am:

Pounds to US dollars 1.5320
Pounds to Euros 1.1813
Pounds to Australian Dollars 1.7585

Euros to US Dollars 1.2968
Euros to Pounds 0.8464
Euros to Australian Dollars 1.4888

Pound Headlines

• British pound tumbles ahead of week loaded with growth, Interest rate and financial health updates – Pound neutral
• GBP/USD pulls back from 1.5470, consolidating around 1.5300 – Pound supportive

Euro Headlines

• Euro Eases off its Risk Course but the EU Stress Test Results Next Week Will Determine its Bearing – Euro positive
• EUR/USD returns to 1.3000 risk area, risk appetite is back – Euro positive
• EU current account widens deficit – Euro negative

US Dollar Headlines

Dollar Finally Gains Traction as sentiment plunges but fundamental catalysts undermine advance – Dollar positive

If you need to buy or sell currency today please contact me for a free quote!

Kris Charalambides
FX Broker
kris@imsfx.co.uk
www.imsfx.co.uk
Tel: +44 207 183 2790