best currency rates for pound to dollars

IMS FX MORNING REPORT for Friday 10th December 2010

Today's Interbank rates -

POUNDS TO US DOLLARS 1.5817
POUNDS TO EUROS 1.1939
POUNDS TO AUSTRALIAN DOLLARS 1.6044

EUROS TO US DOLLARS 1.3239
EUROS TO POUNDS 0.8372
EUROS TO AUSTRALIAN DOLLARS 1.3430

POUND HEADLINES:

• The Bank of England's Monetary Policy Committee (MPC) has
  kept UK interest rates on hold at 0.5%, and unveiled no new QE measures.
  Both decisions were expected, but it will not be clear whether they were
  unanimous until the minutes of the meeting are released.
• The UKs trade deficit in goods and services widened in
  October, the latest official figures from the Office for National Statistics
  (ONS) have shown. The deficit - the difference between what the UK exports
  and imports - grew to £3.9bn from £3.8bn in September.
• UK producer prices are also published today, where we
  look for a 0.5% month-on-month increase to leave the annual rate at 4.2%.
  Monday next week we have Rightmove house price data.

EURO HEADLINES:

• In the Eurozone, October industrial production data out
  of both France and Italy is scheduled, along with Greece. this follows good
  news earlier this week from Germany, where production expanded by a hefty
  2.9% month-on-month the strongest reading since May.
• German wholesale price index for November month-on-month
  comes in at 0.7% bouncing back from Octobers -0.3% reading.
• Sterling finished yesterday slightly lower against the
  euro following on from the days Halifax house price survey coming in lower
  than expected at -0.1%. Sterling/Euro spent most of the day trading back and
  forth within a tight range.

US DOLLAR HEADLINES:

• Following this mornings release of Chinas trade balance
  for November, today sees a variety of releases in the US. We have the US
  trade balance and import prices as well as Decembers preliminary Michigan
  consumer confidence survey is also published.
• Rather similar to pound/euro yesterday, sterling had its
  ups and downs against the dollar, closing the day half a per cent down again
  over fears on the state of the UK economy.
• On Tuesday next week we have US retail sales data.

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