Goldman Sachs raise target for the EURUSD to 1.2200

Hi All,

Today’s Interbank rates as of 10 am:

Pounds to US dollars 1.5321
Pounds to Euros 1.1982
Pounds to Australian Dollars 1.7391

Euros to US Dollars 1.2784
Euros to Pounds 0.8342
Euros to Australian Dollars 1.4507

Pound Headlines

Pound trades above 1.5450 and now targets 1.5500 - pound positive
BP seals hole in the US - Pound positive
Pounds to Euros stabilises at 1.1900 but will remain very shaky if Euro strength continues - Pound negative

Euro Headlines

Euro again well supported today and looks to trade above 1.3000 after closing above the 100 day moving average - Euro Positive
Talk of hedge and pension funds opening “new long Euro” positions - euro positive
Goldman Sachs raise target for the EURUSD to 1.2200 in the short term - euro Positive

US Dollar Headlines

China data not as strong as first thought, signs of a slowdown – dollar negative
USDJPY looks below 87.00 and would be a signal for further USD selling – 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