Best Euro Dollar Pound Exchange Rates

IMS FX MORNING REPORT for Tuesday 30th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.5527
POUNDS TO EUROS 1.1933
POUNDS TO AUSTRALIAN DOLLARS 1.6184

EUROS TO US DOLLARS 1.3011
EUROS TO POUNDS 0.8379
EUROS TO AUSTRALIAN DOLLARS 1.3561

POUND HEADLINES:

• The number of new mortgages being approved for house
  buyers has fallen for the sixth month in a row, Bank of England figures have
  shown. The data suggests that house sales will be stuck in a rutt in the
  coming months.
• Chancellor George Osbourne said yesterday that "UK
  economy recovery is on track" despite "challenging " global conditions. The
  office for Budget Responsibilities (OBR) formed in May to make an
  independent assessment of the public finances ahead of each budget has
  revised its growth estimates for 2011 & 2012 have been lowered.
• Tomorrow for the UK we have Nationwide house prices and
  PMI manufacturing data.

EURO HEADLINES:

• The euro has continued to fall against the dollar as
  markets opened after European ministers agreed a bail-out for the Irish
  Republic.
• Irish, Spanish & Portuguese bond yields have remained
  stubbornly high, indicating the market is not convinced European debt
  problems have gone away.
• Following the release of the UK GFK consumer confidence
  overnight, the focus in the morning session is the release of German
  unemployment and the eurozone flash CPI estimate, both for November.

US DOLLAR HEADLINES:

• Outside Europe, the US conference board consumer
  confidence and Chicago purchasing manager surveys are the main releases. The
  Chicago business survey will be closely watched, following rather
  conflicting Empire and Philly Fed surveys.
• Towards the end of the week we have initial jobless
  claims, pending home sales and non-farm payrolls.
  

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

Foreign Exchange Best Rates Buy and Sell Currency

IMS FX MORNING REPORT for Monday 29th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.5606
POUNDS TO EUROS 1.1804
POUNDS TO AUSTRALIAN DOLLARS 1.6175

EUROS TO US DOLLARS 1.3217
EUROS TO POUNDS 0.871
EUROS TO AUSTRALIAN DOLLARS 1.3702

POUND HEADLINES:

• Mortgage approvals and lending data, as well as latest
  money supply statistics, are the main UK releases today.
• UK consumer credit will also be released this morning. We
  see net consumer credit remaining only slightly positive in November. The
  key point here is that uncertain job prospects & stubbornly high inflation
  are likely to weigh on real income growth & reduce the demand for credit.
• UK money supply for October month-on-month comes in at
  0.7% and year-on-year -0.7%
  

EURO HEADLINES:

• In the eurozone, economic confidence indicators and the
  publication of updated macro-economic forecasts from the EU Commission are
  the key scheduled events today.
• The euro was steady against the dollar as markets opened
  a day after European ministers agreed a bail-out for the Irish Republic.
  France and Germany have also said the Republic of Ireland bail-out should
  draw a line under its debt crisis.
• Italian PPI for October comes in at -0.2% missing
  expectations of 0.2%. The year-on-year figure is 4.0% missing expectations
  of 4.2%.

US DOLLAR HEADLINES:

• Sterling hit a two-month low against the dollar on Friday
  on concern about the UK's exposure to eurozone debt as fears grow that the
  crisis could spread beyond Greece and Ireland.
• Focus this week turns towards Novembers employment
  numbers. Recent evidence of an improving US economy has worked in the
  dollars favour.
• Non Farm payrolls data this week is likely to indicate a
  further improvement as currencies look set to struggle against the dollar.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

Buy & Sell Currency Euros Dollars Pounds

IMS FX MORNING REPORT for Friday 26th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.5699
POUNDS TO EUROS 1.1851
POUNDS TO AUSTRALIAN DOLLARS 1.6265

EUROS TO US DOLLARS 1.3247
EUROS TO POUNDS 0.8438
EUROS TO AUSTRALIAN DOLLARS 1.3724

POUND HEADLINES:

• MPC's Adam Posen has said that he was concerned about
  support given by the MPC for the governments plans to cut the budget
  deficit. Mr Posen told MP's on the treasury committee that he and some
  colleagues had made their concerns known to the governor but he admitted
  this was a minority view.
• The MPC has been split over monetary policy at its last
  two meetings. Mr Posen has called for £50bn of extra QE - the banks main
  stimulus measure whilst Andrew Sentance favoured raising interest rates from
  0.5% to 0.75%, while the other seven members voted for no change in rates
  and no additional stimulus spending.
• Retail sales rose in November. The figure is 10 points
  higher than analysts expected, but below the 49% recorded in September, a
  six year high.

EURO HEADLINES:

• Today we have the release of preliminary German CPI for
  November and eurozone M3 money supply data which will provide
• Eurozone M3 money supply has shown signs of improvement,
  but the rate of growth this year still remain subdued. The fragile state of
  eurozone banks and net new lending, especially those in periphery countries
  such as Greece, Ireland and Spain, will make ECB policy makers more
  apprehensive about withdrawing support to the sector.
• Growing sceptism around both Greece and Irelands future
  economic growth prospects, and the feasibility of projected deficit
  reduction programmes this week, continues to drive fears of contagion
  amongst other periphery countries such as Portugal and Spain.

US DOLLAR HEADLINES:

• A relatively quiet day for data releases post the
  Thanksgiving holiday leaves markets more susceptible to events unfolding in
  the eurozone.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

International Money Transfers Euros Pounds Dollars

IMS FX MORNING REPORT for Thursday 25th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.5783
POUNDS TO EUROS 1.1848
POUNDS TO AUSTRALIAN DOLLARS 1.6081

EUROS TO US DOLLARS 1.3320
EUROS TO POUNDS 0.8439
EUROS TO AUSTRALIAN DOLLARS 1.3571

POUND HEADLINES:

• Yesterdays Q3 GDP figures have shown that the economy
  grew 0.8% between July and September.
• The ONS (Office of National Statistics) said exports of
  goods & services rose 2.2% while imports rose 0.7%. However growth in
  government & household spending slowed.
• After yesterdays second estimate for UK Q3 GDP, which was
  unchanged, attention now turns to the HM Treasury Committee hearing on the
  Bank of England's November Inflation Report. Bank of England's governor
  Mervyn King and MPC members, Posen and Sentance, who represent the
  increasing polarised view among the MPC Committee, are scheduled to speak.

EURO HEADLINES:

• The Irish Government has unveiled a range of tough
  austerity measures designed to help solve the country's debt crisis. Among
  the spending cuts and tax rises are a reduction in the minimum wage from 1
  euro cut to 7.65 euro's an hour, a new property tax and thousands of public
  sector job cuts. The 4 year plan is designed to save the state 15bn euro's
  which equates to about 9% of the country's total economic output.
• German business confidence has hit its highest level
  since reunification, providing further evidence of the country's strong
  economic recovery, the IFO business climate showed. The IFO business climate
  Index climbed to 109.3 in November, up from 107.7 the previous month,
  defying analysts predictions of a slight fall hitting a 20 year high.
• Following on from Irelands problems the German confidence
  figures provided a much needed boost in light of the debt crisis which also
  threatens to spread to other European countries with high budget deficits.

US DOLLAR HEADLINES:

• US household incomes and spending rose in October despite
  continuing housing market woes.
• Personal income was up 0.5% versus a month earlier, with
  consumer spending up 0.4%, the commerce department said. The news along with
  a surprise drop in unemployment benefit claims helped boost the dollar
  yesterday.
• New home sales fell 8% in October from the month before
  on a seasonally adjusted basis. Total sales for the month were the lowest on
  record, beating a previous record set in 1981. This follows a more
  encouraging report on existing home sales in October on Tuesday, which
  showed sales up 8.4% versus a year earlier, with the inventory of unsold
  housing falling versus the previous month.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

BEST FOREIGN EXCHANGE RATES

IMS FX MORNING REPORT for Wednesday 24th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.5926
POUNDS TO EUROS 1.1727
POUNDS TO AUSTRALIAN DOLLARS 1.6223

EUROS TO US DOLLARS 1.3581
EUROS TO POUNDS 0.8527
EUROS TO AUSTRALIAN DOLLARS 1.3834

POUND HEADLINES:

• Today's second estimate of UK GDP for the 3rd quarter is
  unlikely to detract attention from events elsewhere is Europe. Nevertheless,
  the detail should make for interesting reading as the market seeks to make
  sense of the stronger than expected 0.8% rise in UK GDP last quarter.
• UK GDP Q3 quarter-on-quarter did come in as expected at
  0.8%. The year-on-year figure also met expectations coming in at 2.8%. The
  final GDP report is due on the 22nd December.
• UK exports for the 3rd quarter came in at 2.2% beating
  expectations of 1.5% and UK imports again for the 3rd quarter also came back
  better than expected at 1.7%.

EURO HEADLINES:

• Today's German IFO will provide another steer as to how
  Europe's largest economy is faring. We expect a modest deterioration,
  although concede that after yesterdays stronger Manufacturing PMI reading
  there is an upside risk too.
• The Irish Government is set to publish an austerity plan
  required for its EU and IMF led bail-out. This follows another day of market
  angst, with shares down sharply on Tuesday and the euro 1.9% lower against
  the dollar.
• Also on Tuesday, ratings agency Standard & Poor's
  downgraded the Republic , from AA - to A, due to the large sum involved in
  the rescue package from the European Union & The International Monetary Fund
  (IMF).

US DOLLAR HEADLINES:

• Today sees the release of a raft of US data, including
  durable goods orders, jobless claims, personal spending, new home sales and
  consumer confidence. On balance the overall tone of these should be a little
  stronger, albeit scant respite ahead of the Thanksgiving holiday on
  Thursday.
• The Federal Reserve has cuts its 2011 growth forecast for
  the US economy the latest FOMC minutes reveal. The Fed expects growth of 3 -
  3.6% next year down from its previous of 3.5 - 4.2% estimate. It also
  forecasts higher unemployment and lower inflation than before.
• The minutes of the Feds November meeting show that
  support for QE policy was almost unanimous, with only one member voting
  against.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

BUY SELL CURRENCY EUROS DOLLARS POUND

IMS FX MORNING REPORT for Tuesday 23rd November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.5926
POUNDS TO EUROS 1.1727
POUNDS TO AUSTRALIAN DOLLARS 1.6223

EUROS TO US DOLLARS 1.3581
EUROS TO POUNDS 0.8527
EUROS TO AUSTRALIAN DOLLARS 1.3834

POUND HEADLINES:

• The pound did initially fall against the euro yesterday
  following the Irish bailout but has now climbed back above 1.17 as the
  bailout failed to uplift market sentiment
• Tomorrows key data for the UK is the 2nd estimate of
  Gross Domestic Production (GDP) for the 3rd quarter.
• Nationwide have warned that house prices will likely fall
  further. The lender has come out saying potential buyers were being deferred
  by the uncertainty generated by the governments public spending cuts. "In
  the housing market, conditions have weakened noticeably over the last six
  months, with both a decline in buyer demand and a modest downward trend in
  house prices" the Nationwide Building Society said.

EURO HEADLINES:

• In the eurozone, we look for Novembers preliminary
  eurozone PMI surveys (manufacturing & services) to show a moderately slower
  pace of expansion.
• Shares have fallen in Europe and Asia on fears that the
  Irish Republics debt crisis could spread to other European countries with
  high budget deficits. Investors are concerned that other countries with high
  levels of debt, in particular Portugal & Spain, may also have to seek
  financial help.
• The debt crisis will put pressure on the euro & will keep
  the dollar stronger, and that will put pressure on equity markets, said Ben
  Kwong Man Bun at KGI securities in Hong Kong.

US DOLLAR HEADLINES:

• Today's data for the US sees the release of Novembers
  FOMC minutes, the second estimate of Q3 GDP and October existing home sales
  are likely to take centre stage.
• The minutes will shed light on the Feds decision to
  reinstate its quantitative easing programme by purchasing $600bn of
  Treasuries by end -Q2 next year.
• Tomorrow we have a raft of data from the US in the form
  of Durable Goods orders, Personal Income, Personal Spending, Initial Jobless
  claims and New Home Sales.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

BEST EXCHANGE RATES EUROS POUNDS DOLLARS

IMS FX MORNING REPORT for Monday 22nd November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.6080
POUNDS TO EUROS 1.1697
POUNDS TO AUSTRALIAN DOLLARS 1.6175

EUROS TO US DOLLARS 1.3747
EUROS TO POUNDS 0.8549
EUROS TO AUSTRALIAN DOLLARS 1.3828

POUND HEADLINES:

• Sterling has dropped against the euro following reports
  that the UK will be stumping up £7bn in loans to the Irish Republic. This
  was the first weekly decline against the Euro in four weeks.
• The British Pound did fall against the dollar on Friday
  but with news from Ireland over the weekend this has boosted risk appetite,
  therefore taking sterling back through $1.60 this morning.
• Second estimates of Q3 GDP will be released on Wednesday.
  A strong report will help boost the pound.

EURO HEADLINES:

• European shares and the euro have both risen in value, as
  markets welcomed the bail-out for the Irish Republic. It comes as Dublin is
  set to begin the formal process of applying for up to 90bn Euros of European
  Union-led loans agreed on Sunday.
• The total level of loans the UK will give the Irish
  Republic is expected to be about £7bn. Chancellor George Osbourne said "that
  it was in the UK's national interest to help the Irish Republic".
• In terms of the calendar today, eurozone consumer
  confidence and ECB President Trichets participation in a European parliament
  debate at 16:00 GMT will receive some attention.

US DOLLAR HEADLINES:

• Following Fridays speech to the ECB 'US Federal Reserve
  Chairman Ben Bernanke has criticised countries like China that run large
  trade surpluses'. He said that by buying dollars, these countries were
  hurting the US recovery & the global economy with it. He also defended the
  Feds policy of 'quantitative easing', which has been criticised by China &
  Germany.
• China, Germany & others have attacked the Federal Reserve
  in recent weeks for its decision to purchase another $600bn of US government
  debt in a bid to stimulate the US economy. They say that the policy will
  unfairly devalue the dollar in currency markets, and that could lead to
  inflation and asset bubbles elsewhere in the world. The Fed Reserve bought
  $2.169bn of treasuries on Friday as part of its asset-purchase programme
  aimed at lowering borrowing costs.
• With thanksgiving approaching and a light week for data
  the USD looks likely to stay confined to recent ranges against the major
  currencies.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

POUNDS TO DOLLARS EUROS TO POUNDS

IMS FX MORNING REPORT for Friday 19th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.6080
POUNDS TO EUROS 1.1735
POUNDS TO AUSTRALIAN DOLLARS 1.6260

EUROS TO US DOLLARS 1.3702
EUROS TO POUNDS 0.8521
EUROS TO AUSTRALIAN DOLLARS 1.3855

POUND HEADLINES:

• UK Retail Sales rose in October, ending two months of
  declines. October sales were 0.5% higher than the month before which was a
  bigger rise than expected.
• A separate report from the CBI found that UK factory
  orders declined at a slower-than-expected pace in November.
• Mortgage lending continues to be subdued, the council of
  Mortgage lenders (CML) has said. Total mortgage lending in October was
  £12.4bn, the same as in September but the lowest October figure since 2000.
• There are no major UK releases now until next weeks 2nd
  estimate of Q3 GDP (Gross Domestic Production) figures.

EURO HEADLINES:

• Financial Markets remain pre-occupied with developments
  in the euro-zone, where the Irish Government is currently in negotiations
  with the European Commission, ECB and IMF on new measures to support the
  Irish banks (estimated at around 80bn)
• The Greek Government has unveiled an austerity budget
  that aims to cut its 2011 public deficit to 7.4% of the nations annual
  income output for GDP. Greece had to accept a 110bn euro rescue deal in May.
• German Producer Prices for October month-on-month have
  come in at 0.4% beating expectations of 0.3%. The year-on-year figure is
  4.3% beating an expected 4.1%.

US DOLLAR HEADLINES:

• A number of Central Bank speakers are in action today at
  an ECB conference on 'Approaches to monetary policy revisited - lessons from
  the crisis;. Fed chairman Ben Bernanke addresses the conference and at the
  same event there is a panel discussion also featuring the ECB president, IMF
  managing director and PBOC governor.
• Ben Bernanke defended the Federal Reserves recent plan to
  spur economic growth, saying the strategy has worked in the past and could
  help reduce unemployment in the United States.
• The Fed has come under fire recently for its decision to
  pump $600bn into the financial system by purchasing U.S Treasuries. Central
  bank officials from many of the US 'trading partners, including Germany,
  have criticized the plan for the potentially dangerous side effects.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

BEST EXCHANGE RATES

IMS FX MORNING REPORT for Thursday 18th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.5962
POUNDS TO EUROS 1.1703
POUNDS TO AUSTRALIAN DOLLARS 1.6141

EUROS TO US DOLLARS 1.3639
EUROS TO POUNDS 0.8544
EUROS TO AUSTRALIAN DOLLARS 1.3792

POUND HEADLINES:

• Bank of England policy makers were split three ways again
  during their meeting earlier this month, minutes have shown. Seven of the
  MPC members voted for no change to interest rates and no additional stimulus
  spending. (currently 0.5% and 200bn stimulus). Posen kept up his demand to
  increase the size of asset purchases whilst Sentance said "recent news
  strengthened case for further tightening".
• Today caps off a busy week in the UK, with the release of
  retail sales & public finance data. After two consecutive falls we expect
  retail sale volumes to have increased by 0.4% month-on-month in October,
  although to be flat compared to a year ago.
• Also out today, government finance data are expected to
  show little change from last year, as fiscal austerity measures are yet to
  take effect.
• There have been reports that the UK is considering
  offering billions of pounds of direct loans to the Irish Republic.
  Chancellor Osbourne said the UK was "ready to support Ireland". He also said
  "Ireland is our closest neighbour and its in Britain's national interest
  that the Irish economy is successful and we have a stable banking system".

EURO HEADLINES:

• The Irish Republic looks likely to accept ' a very
  substantial rescue package' as part of an EU backed bail out. The rescue
  package will amount to 'tens of billions' of Euros.
• Representatives from the international Monetary Fund, the
  European Central Bank and the EU will meet with the Irish Government to
  discuss the proposed bail out.
• Ireland has suffered the deepest recession of any country
  in the developed world, including collapsing property prices and a
  deeply-indebted banking sector.

US DOLLAR HEADLINES:

• In the US today we expect the Philadelphia Fed Survey to
  rise to 4.5 in November, up from 1 in October. However following from the
  fall in the Empire Manufacturing Survey on Monday , there is some downside
  risk to the forecast.
• Inflation in the US slowed further in October, with
  "core" inflation - which excludes volatile food and fuel prices - up only
  0.6% on a year ago. It is the lowest year-on-year increase on record, with
  core prices remaining unchanged for three months running.
• Data calendar today is relatively busy with an index of
  manufacturing activity in the US due for release this afternoon, the
  expected improvement in which could give the dollar a lift.
  

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

BUY AND SELL EUROS AND DOLLARS

IMS FX AFTERNOON REPORT for Wednesday 17th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.5916
POUNDS TO EUROS 1.1776
POUNDS TO AUSTRALIAN DOLLARS 1.6291

EUROS TO US DOLLARS 1.3515
EUROS TO POUNDS 0.8491
EUROS TO AUSTRALIAN DOLLARS 1.334

POUND HEADLINES:

• CPI Inflation rate rose unexpectedly to 3.2% in October,
  official figures have shown on the back of higher fuel prices. It was
  expected the CPI figure would remain unchanged at 3.1%. The news has forced
  BOE governor Mervyn King to write to the Chancellor explaining why inflation
  has remained more than 1% over target.
• Retail Prices (RPI) fell slightly to 4.5% down from 4.6%
  a month earlier. RPI contains a bigger share of housing costs and is used to
  calculate many benefits payments and pensions.
• Focus today will be on the Bank of England's November
  minutes. These follow the November Inflation Report published last week. The
  minutes will reveal whether any other members joined Adam Posen in voting
  for additional QE.

EURO HEADLINES:

• The markets attention over the course of the day is
  likely to remain on the Euro area periphery countries with Ireland, and
  potentially Portugal, edging closer towards receiving some sort of support
  from a combination of its European neighbours and the IMF.
• Eurozone CPI for October M/M came in yesterday at 0.4%
  beating an expected 0.3%. The Y/Y figure came in as expected at 1.9%.
• Elsewhere today the spotlight will be on the European
  Central Banks meeting this afternoon where 'Constancio' speaks in Frankfurt.

US DOLLAR HEADLINES:

• Attention in the US shifts to the CPI data which are
  expected to show that underlying inflationary pressures remain subdued - The
  core CPI rate is expected to fall in October.
• Industrial Production was unchanged in October compared
  to expectations for a 0.3% rise.
• US Producer Prices rose 4.3% annually in October, less
  than the 4.6% which was expected. Core Prices rose by 1.5% annually but
  again was less than the expected 2.1%.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

IMS FX Morning Report 16-11-2010

IMS FX AFTERNOON REPORT for Tuesday 16th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.6064
POUNDS TO EUROS 1.1798
POUNDS TO AUSTRALIAN DOLLARS 1.6374

EUROS TO US DOLLARS 1.3613
EUROS TO POUNDS 0.8475
EUROS TO AUSTRALIAN DOLLARS 1.3878

POUND HEADLINES:

• The Pound has reached a seven week high against the euro
  which is suffering uncertainty over whether Ireland will accept emergency
  funding.
• UK RPI for October M/M comes in at 0.2% missing
  expectations of 0.3%. The Year on Year figure is 4.5% missing expectations
  of 4.6%.
• UK CPI for October M/M comes in at 0.3% beating
  expectations of 0.2%. The Year on Year figure is 3.2% surpassing
  expectations of 3.1%.

EURO HEADLINES:

• The Euro Group meeting this afternoon will be the focus,
  and the market will no doubt be awash with rumours ahead of it. It seems
  increasingly likely that Ireland will access the EFSF to help further
  re-capitalise the banks, in the hope this will stabilise markets.
• French non-farm payrolls for the 3rd Quarter (Q/Q) comes
  in at 0.3% beating expectations of 0.2%.
• Italian CPI for October M/M comes in as expected at 0.2%.
  The Y/Y figure also met expectations at 1.7%.

US DOLLAR HEADLINES:

• The US currency continued to receive support from rising
  treasury yields, which are being buoyed as investors flee from the
  developing debt crisis in the eurozone.
• US Retail Sales in October came back yesterday higher
  than expected but the gain from this was offset from a larger than expected
  drop in the Empire State Manufacturing Index.
• At present the pound is lower on the day but is yet to
  drop below the $1.60 level. US Inflation figures are due later this
  afternoon.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

Todays Exchange Rates

IMS FX MORNING REPORT for Wednesday 10th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.5996
POUNDS TO EUROS 1.1581
POUNDS TO AUSTRALIAN DOLLARS 1.5903

EUROS TO US DOLLARS 1.3812
EUROS TO POUNDS 0.8634
EUROS TO AUSTRALIAN DOLLARS 1.3739

POUND HEADLINES:

• The focus in the UK today is on the release of the latest
  Bank of England quarterly inflation report which will provide the backdrop
  for the November MPC decision and offer some guidance to the near-term
  policy outlook.
• On the back of stronger than expected Q3 GDP, the 2010
  full-year growth projection is likely to be revised slightly higher from
  1.6%
• Quantitative Easing remains entirely data-dependent
  therefore an expansion of the QE programme remains likely. The bank will
  need to see clearer evidence that the recovery is losing momentum before it
  decides to pump more money into the economy.

EURO HEADLINES:

• The calendar is very light with only French and Italian
  industrial production numbers to keep the markets attention.
• Following weaker than expected data from Germany on
  Monday, we look for a small monthly rise in the French output in September
  and a small decline in Italian data, but it is expected to register fairly
  impressive growth rates as we approach year end.
• French CPI has come in this morning as expected. German
  wholesale prices for October have come in at -0.3% falling from Septembers
  1% expansion.

US DOLLAR HEADLINES:

• The pound has dropped over 2 cents as investors have
  rushed to cover short dollar positions.
• In trading this morning Sterling has clawed back up to
  $1.60 but a report from the IMF is helping to keep sterling pegged at that
  level.
• The IMF has warned that as UK banks are heavily exposed
  to the troubled members of the eurozone, economic growth would slow if these
  banks suffered losses on their loans.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

BEST EURO RATES BEST DOLLAR RATES

IMS FX MORNING REPORT for Tuesday 9th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.6135
POUNDS TO EUROS 1.1593
POUNDS TO AUSTRALIAN DOLLARS 1.5910

EUROS TO US DOLLARS 1.3917
EUROS TO POUNDS 0.8625
EUROS TO AUSTRALIAN DOLLARS 1.3723

POUND HEADLINES:

• RICs house price balance for October came back at -49%
  versus -39% which was expected and -36% in the prior period.
• Following the release of the UK RICs house price survey
  and BRC retail sales monitor overnight, attention turns to Septembers
  Industrial Production and Trade Data. UK Industrial Production for September
  month-on-month came in as expected although the year-on-year figures have
  come back better than expected at 3.8% beating 3.6% forecasted.
• The National Institute for Economic & Social Research
  (NIESR) will also release its unofficial UK GDP estimate for October. Major
  interest for markets, however, will be tomorrows Bank of England Inflation
  Report which will provide an update of latest growth & inflation
  projections.

EURO HEADLINES:

• Weaker German Industrial production yesterday helped
  maintain the Euro negative tone even though the Greek elections were, on the
  face of it, not a new negative for the Euro.
• In the absence of any good news from Europe the lack of
  confidence in the European periphery will continue to encourage position
  reduction
• German CPI for October M/M comes in as expected at 0.1%.
  The Y/Y figure also met expectations coming in at 1.3%.

US DOLLAR HEADLINES:

• The dollar is beginning to benefit now that the
  uncertainty surrounding the US mid-term elections and Feds quantitative
  easing has been lifted.
• The market has been focused on the Feds policy for the
  past few months that all selling pressure has been focused on the dollar,
  but now that we know what is happening in terms of QE, the market is
  refocusing elsewhere.
• The euro has fallen against the dollar on Monday as yield
  spreads on Irish, Greek and Portuguese government bonds widened over their
  German counterparts with investors concerned with budget problems in Ireland
  in particular.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

IMS FX Euro exchange Rate

IMS FX MORNING REPORT for Friday 5th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.6195
POUNDS TO EUROS 1.1440
POUNDS TO AUSTRALIAN DOLLARS 1.5996

EUROS TO US DOLLARS 1.4156
EUROS TO POUNDS 0.8741
EUROS TO AUSTRALIAN DOLLARS 1.3983

POUND HEADLINES:

• The Bank of England held UK interest rates at a record low and decided not to pump more money into the economy via Quantitative easing. The decision to make no change comes after recent figures on the economy showed good growth.
• The move gave the pound an extra boost against both the dollar and the euro. The minutes to this weeks rate decision will be published on the 17th November.
• UK PPI core for October M/M comes in at 0.4% this morning beating expectations of 0.2%. The Y/Y figure is 3.3% missing an expected 4.4%. PPI input for the same month has also come back beating expectations at 2.1% against 0.9%. Year-on-Year figure is 8.0% beating expectations of 7.3%
• There is potential for Sterling to recover against the euro if the focus returns to the problems of the Eurozone periphery now the Fed QE decision is out of the way.

EURO HEADLINES:

• The European Central Bank kept interest rates in the eurozone on hold at a record low of 1% for the 18th month in a row.
• ECB president Jean-Claude Trichet returned to be drawn on the Feds action. He said he had 'no further comments on what is done by other central banks that have their own responsibility in their own environment'.
• Mr Trichet also said that the ECBs decision to maintain interest rates was 'appropriate', adding that recent data showed that 'the underlying momentum of the recovery remains positive 'despite prevailing uncertainties'.
• Yesterdays eurozone PPI for September came in as expected at 0.3%. The Y/Y figure also met forecasts coming in at 4.2%

US DOLLAR HEADLINES:

• The FTSE 100 hit a two year high as global stock markets reacted positively to the decision by the Federal reserve to pump $600bn into the US economy.
• With more dollar cash in circulation and with the US governments policy of buying bonds with the $600bn putting downward pressure on interest rates, as expected the dollar weakened against major currencies. The euro and pound both gained 2 cents following the announcements.
• Initial Jobless claims rose to 457k vs. 442k, continuing claims 4340k vs. 4378k.
• 3Q Non-farm productivity expands 1.9%, topping forecasts for a 1.0% rise. 3Q unit labor costs unexpectedly contract 0.1%
• With US mid term elections and the FOMC meeting now behind us, the focus turns to the US employment report due today.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

POUNDS TO DOLLARS POUNDS TO EUROS

IMS FX MORNING REPORT for Thursday 4th November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.6176
POUNDS TO EUROS 1.1360
POUNDS TO AUSTRALIAN DOLLARS 1.6004

EUROS TO US DOLLARS 1.4239
EUROS TO POUNDS 0.8802
EUROS TO AUSTRALIAN DOLLARS 1.4088

POUND HEADLINES:

• The UK service sector grew more strongly than expected in
  October which helped boost the pound yesterday cutting its losses from the
  previous days weaker than expected construction data. The strong data
  diminishes remaining hopes the Bank of England may announce further monetary
  stimulus on thursday.
• The Bank of England is anticipated to maintain its
  current policy in November, and the rate decision could spark a bullish
  reaction in the British pound as investors scale back speculation for
  further quantitative easing. Unlike the Fed, today's BOE meeting is unlikely
  to throw up any surprises with most members likely to maintain current
  policy.
• UK Halifax house prices for October have come in better
  than expected revealing that prices have risen by 1.8% over the previous
  month beating expectations of a 0.6% rise.

EURO HEADLINES:

• In the Eurozone today, it is likely that the European
  Central Bank will keeps its main refinancing rate on hold at 1%.
• ECB's Trichet could make reference to a prospective
  weaker pace of activity in Q3 compared with the healthy 1%
  quarter-on-quarter pace seen in Q2. Preliminary Q3 GDP figures for the Euro
  area are released on the 12th November.
• Eurozone PMI services data for October has come in this
  morning at 53.3 marginally beating expectations of 53.2. German, French and
  Italian PMI figures all came back slightly lower than expected.

US DOLLAR HEADLINES:

• FOMC maintains key interest rate at 0.25%. Federal
  Reserve Bank are to expand asset purchases by $75bn per month, a total of
  $600bn by the end of June
• The initial market reaction has been to sell the dollar,
  the Euro and Pound are both trading higher this morning against the dollar.
  Sterling is now pushing its nine-month high up above 1.6150.
• Latest US jobless claims and preliminary unit wage cost
  figures for Q3 are due today. Expected is a modest increase to 440k while
  unit labour costs are expected to show a slightly firmer pace of Q3 economic
  growth.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

IMS FX BEST FOREIGN EXCHANGE RATES FOR EUROS

IMS FX MORNING REPORT for Wednesday 3rd November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.6133
POUNDS TO EUROS 1.1483
POUNDS TO AUSTRALIAN DOLLARS 1.6138

EUROS TO US DOLLARS 1.4049
EUROS TO POUNDS 0.8708
EUROS TO AUSTRALIAN DOLLARS 1.4053

POUND HEADLINES:

• UK PMI construction fell more than expected causing the pound to tumble against all major currencies. PMI construction plunged to its lowest level since February this year amid government spending cuts. The British pound reaction subsequent to the report was an immediate sell off against all major currencies.
• The reading is of particular interest due to the face that the lower PMI suggests that orders for materials are lower and the economic outlook is negative.
• UK PMI services data for October comes in at 53.2 beating expectations of 52.6 rising from Septembers 52.8

EURO HEADLINES:

• Euro spiked higher yesterday moving above 1.40 against the dollar as positive data and continued speculation about the Fed led the dollar lower across the board
• EU periphery spreads widened again yesterday, with Irish spreads hitting a new high over Germany. At this stage the focus is on the US and Fed rather than the eurozone periphery, but the fact that the Euro also gained against sterling and other currencies yesterday suggests the FX market is happy to ignore the issue for now.
• USD rather than Euro news will dominate today

US DOLLAR HEADLINES:

• Voting in the US elections is now over and as focus switches to exit poll results and the potential consequences, the FOMC will prepare to deliver its latest assessment of the US economy and its prospects.
• The Fed will announce later its plans to stimulate the economy with expectations high that they will reintroduce QE. It is expected that the Fed will pump around 500bn into the economy to boost the fragile recovery. The economy grew by an annual rate of 2% between July and September - not enough to reduce high unemployment.
• Ahead of Fridays non-farm payrolls report, today's ADP employment report and non-manufacturing ISM will be closely watched. We look for an improvement in both compared to last month.

If you need to buy, sell or make an international payment today then please call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

BUY, SELL CURRENCY EUROS DOLLARS BEST RATES

IMS FX MORNING REPORT for Tuesday 2nd November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.5976
POUNDS TO EUROS 1.1442
POUNDS TO AUSTRALIAN DOLLARS 1.6007

EUROS TO US DOLLARS 1.3958
EUROS TO POUNDS 0.8736
EUROS TO AUSTRALIAN DOLLARS 1.3985

POUND HEADLINES:

• Following positive UK manufacturing data yesterday the
  pound moved back through 1.15. The manufacturing figures helped the pound
  reach its highest level in nine months against the dollar on speculation
  that the central bank will refrain from joining the Fed in renewing stimulus
  measures.
• The rate of growth in UK manufacturing output rose in
  October for the first time since March. The Chartered Institute of
  Purchasing & Supply said its Purchasing Managers Index rose to 54.9 from
  Septembers 10 month low of 53.5. With a figure of 50 or above indicating
  growth, it is a sign of renewed strength in the manufacturing sector.
• UK PMI construction data for October has come in at 51.6
  missing expectations of 53.0. These figures have had a negative effect on
  the pound and is now losing ground against both the euro and dollar this
  morning

EURO HEADLINES:

• Eurozone PMI manufacturing for October comes in at 54.6
  beating expectations of 54.1. Also French PMI manufacturing for October
  comes in as expected at 55.2
• Italian & German PMI manufacturing for October both come
  back better than expected
• The raft of stronger PMIs has helped push the euro up
  against most other majors. The weaker than expected UK construction data has
  also helped the euro strengthen against the pound.

US DOLLAR HEADLINES:

• The US dollar found support after a report showed the US
  manufacturing sector expanded in October as measures of production and
  orders placed with factories rose to a five month high.
• The US economy is showing signs of rebalancing away from
  consumer spending towards manufacturing. Expansion of the US manufacturing
  sector sped up unexpectedly in October thanks to strong new orders and
  exports, and slow imports. But, growth in consumer spending slowed to a
  crawl in September, while personal income fell unexpectedly.
• Tomorrow we have FOMC rate decision. Markets are
  expecting additional QE measures to be put in place. Data this week will
  also focus on Fridays employment numbers.

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790

Pound to Euros Best Exchange Rates

IMS FX MORNING REPORT for Monday 1st November 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.6058
POUNDS TO EUROS 1.1503
POUNDS TO AUSTRALIAN DOLLARS 1.6245

EUROS TO US DOLLARS 1.3958
EUROS TO POUNDS 0.8692
EUROS TO AUSTRALIAN DOLLARS 1.4122

POUND HEADLINES:

• Sterling enjoyed a strong end to the month against both
  the euro and dollar following strong UK GDP data which has decreased the
  likelihood of additional monetary easing from the Bank of England
• Key announcements this week will be the Bank of England's
  interest rate decision and the comments that come out of the meeting. We
  also have UK manufacturing data today
• Hometrack housing survey (MoM) for October comes back at
  -0.09% versus -0.4% in the prior period

EURO HEADLINES:

• The single currency had been under pressure last week as
  renewed worries over Portugal and Greece hit the headlines. This will ease a
  bit this morning following news that the Portuguese budget was agreed at the
  weekend
• Focus this week will also be on the latest central bank
  policy meeting. We look for the ECB to keep its main refinancing rate at 1%.
• Preliminary Q3 GDP figures for the Eurozone are released
  on the 12th November. Elsewhere in the Eurozone, this week sees the release
  of final eurozone PMI data for both the manufacturing and services sector

US DOLLAR HEADLINES:

• US GDP failed to meet expectations last week putting
  further pressure on the Fed to Act. It is a heavy schedule this week aside
  from the Feds meeting, we also have US employment report and US mid term
  elections
• Markets are expecting the Fed to announce upwards of
  750bn of additional QE. Failure to do so will lead to unfavourable market
  shifts
• The pound hit a 2 week high against the dollar on Friday
  gaining another cent to close above 1.60 as the Feds meeting draws closer

If you need to buy, sell or make an international payment today then please
call me for a free quote.

Kris Charalambides

FX Broker

kris@imsfx.co.uk

www.imsfx.co.uk

Tel: 0207 183 2790