Smart Currency Exchange: UK recovery worries rock GBP [31/12/2010]

Smart Currency Exchange: UK recovery worries rock GBP [31/12/2010]

Sterling lost ground as worries over the UK recovery were to the fore. The only currency that seemed to have a worse day was the US$ as concerns over their debt requirements grew.

We are open until 3pm today so please feel free to get in touch. We then are back for business on Tuesday 4th January.

So we end the year with sterling having gained a bit of ground against the euro , close to where we started the year against the US$ and having lost a lot of ground against the commodity backed currencies. I expect 2011 to be very similar.

I wish you all the very best and have a wonderful 2011

EURO/GBP – 1.1603
US$/GBP – 1.5495
CHF/GBP – 1.4514
CAN$/GBP – 1.5480
AUS$/GBP – 1.5212
ZAR/GBP – 10.2607
– 126.01
HKD/GBP – 12.0474
NZD/GBP – 2.0022
SEK/GBP – 10.4106
US$/EURO – 1.3350

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