Euro gains momentum against most currencies

Hi All,

Today’s Interbank rates as of 10 am:

Pounds to US dollars 1.5233
Pounds to Euros 1.1740
Pounds to Australian Dollars 1.7325

Euros to US Dollars 1.2975
Euros to Pounds 0.8517
Euros to Australian Dollars 1.4756

Pound Headlines

• BOE minutes released 21/7 could provide boost to sterling – pound positive
• British pound traders await a fundamental wave the Begins the UK’s fiscal health – pound neutral
• Sterling fell to its lowest level in nearly 2 months yesterday as the Euro gained against most major currencies – pound negative

Euro Headlines

• Euro gains momentum against most currencies – Euro positive
• Euro little moved in the face of a positive EU stress test failure, Ireland downgrade – Should be euro negative

US Dollar Headlines

• Dollar holds steady despite clear threats to financial stability and the Euro – dollar neutral
• USD and JPY declined as against their major counterparts as stocks advanced in Asian Trade – dollar negative

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