Corporate Foreign Exchange

Hi All,

Today’s Interbank rates as of 11am

Pounds to US dollars 1.5665

Pounds to Euros 1.2146

Pounds to Australian Dollars 1.7381

Euros to US Dollars 1.2897

Euros to Pounds 0.8233

Euros to Australian Dollars 1.4307

Pound Headlines

• Inflation in July dipped to 3.1% from 3.2% which is in line with BOE’s outlook and warranted little attention from the markets


• MPC minutes will be released this morning. If downbeat could have an effect on sterling value


• Sterling took a turn lower against the USD yesterday, dropping nearly a cent as rumours circulated about further monetary easing in the UK

Euro Headlines

• Encouraging news for the Euro as both Spain and Ireland enjoyed solid demand at their respective debt auctions
• The euro continued to rally against the USD yesterday but having failed to breach $1.29, the price is slipping in trading this morning

US Dollar Headlines

• Dollar takes back losses after Asian stock markets close lower


• USD/JPY watched closely by investors for possible Japanese intervention

If you need to buy, sell currency or make an International Payment today please contact me for a free quote!

Kris Charalambides
FX Broker
kris@imsfx.co.uk
http://www.imsfx.co.uk/

Tel: +44 207 183 2790

Fax: +1920 898 041