Monday 23/08/2010. Interbank rates as follows -
POUNDS TO US DOLLARS 1.5544
POUNDS TO EUROS 1.2237
POUNDS TO AUSTRALIAN DOLLARS 1.7346
EUROS TO US DOLLARS 1.2704
EUROS TO POUNDS 0.8171
EUROS TO AUSTRALIAN DOLLARS 1.4174
POUND HEADLINES:
- Sterling hits 8 week high against the Euro pushing above 1.2200
- GDP data from UK and USA this Friday will show if the economy is growing
along with forecasts which will almost certainly have an impact on exchange
rates going into the weekend - British pound traders fixated on growth, interest rates, deficits and
1.55 on GBPUSD
EURO HEADLINES:
- Euro Fundamental strength could be undermined should data show growth to
temper - The pressure on the single currency also saw the Euro falter against
sterling, as EURGBP fell below the 0.8150 level for the first time since the
end of June - Gross domestic Product from Germany is released tomorrow
US DOLLAR HEADLINES:
- Dollar forges a 4 week high to end the week but follow through up to
risk trends next week - Greenback still supported by risk aversion mood in global markets
- Concerns about a double dip recession in the US continue to dominate
market sentiment, and last weeks poor US economic data didn't help change
this view
If you need to buy, sell or make an international payment today then please
call me for a free quote.
Kris Charalambides
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