{"id":1033,"date":"2011-09-26T10:36:48","date_gmt":"2011-09-26T10:36:48","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=1033"},"modified":"2011-10-05T13:56:24","modified_gmt":"2011-10-05T13:56:24","slug":"exchange-rates-and-market-commentary-26092011","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/exchange-rates-and-market-commentary-26092011\/","title":{"rendered":"Exchange Rates and Market Commentary [26\/09\/2011]"},"content":{"rendered":"<p>Good Morning. The tradition of smashing plates in Greece has been entrenched in Greek culture for generations. It can be considered a symbol of anger, a classic part of domestic disturbances. In global economic terms, it is the Greek economy that is at risk of being smashed to pieces. Sterling once again strengthened against the Euro amidst serious concerns on Europe\u2019s ability to sort out the ever mounting sovereign debt crisis. There is real widespread consensus now that the hapless Greek\u2019s will be unable to pay it\u2019s debt, and default seems a foregone conclusion. &#8220;Euro\/sterling could see a bounce towards 87.50 (pence) if we see continued dovishness from the MPC,&#8221; said Lauren Rosborough, currency strategist at Westpac.<\/p>\n<p>GBP still remains close to it\u2019s lowest levels in a year against the USD amidst a bleak ecomonic outlook. There was some nice data out of the UK on Friday which highlighted a substantial increase in mortgage approvals, up 14 % from last year. A whooping 35,226 new loans to buy homes were granted. Expect more housing data to come out this week so make sure you compare international money transfer prices at MyCurrencyTransfer.com to secure the best deals.<\/p>\n<h2>CURRENCY RATE OVERVIEW<\/h2>\n<p>EURO\/GBP &#8211; 1.1517<br \/>\nUS$\/GBP \u2013 1.5456<br \/>\nCHF\/GBP \u2013 1.4044<br \/>\nCAN$\/GBP &#8211; 1.6005<br \/>\nAUS$\/GBP \u2013 1.5994<br \/>\nZAR\/GBP \u2013 12.8145<br \/>\nJPY\/GBP \u2013 117.97<br \/>\nHKD\/GBP \u2013 12.0527<br \/>\nNZD\/GBP\u2013 2.0122<br \/>\nSEK\/GBP\u2013 10.7488<br \/>\nUS$\/EURO- 1.3406<\/p>\n<p>If your currency pairing is not listed above or you want to make an <a href=\"http:\/\/www.mycurrencytransfer.com\" title=\"International Money Transfer\">international money transfer<\/a>, check out our comparison tables at www.mycurrencytransfer.com<\/p>\n<p>Expect a quiet week for global economic data. The markets seem far too busy in the direction of share prices following the dramatic events of last week. With billions knocked off share prices globally, we all wait in anticipation to see what steps the government are going to take to deal with this crisis. If you have a business with a degree of currency exposure, it is well worth checking out our foreign exchange comparison tables and getting in touch with a specialist who can mitigate against exchange rate volatility.<\/p>\n<p>Elsewhere:<\/p>\n<ul>\n<li>NZD falls to it\u2019s weakest level in six months against the Japanese Yen. A report highlighted that the country\u2019s trade deficit was wider than forecasted<\/li>\n<li>The rand weakened 4.5% against the US dollar. <\/li>\n<li>Yen is strengthening off the back of economic instability. Remarkably, the Japanese currency has appreciated 11.4% in little over three months<\/li>\n<\/ul>\n<p>This currency bulletin has been brought to you by MyCurrencyTransfer.com \u2013 the world\u2019s leading foreign exchange price comparison site. If you are looking to make a foreign currency transfer, why not check out our comparison tables at www.mycurrencytransfer.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good Morning. The tradition of smashing plates in Greece has been entrenched in Greek culture for generations. It can be considered a symbol of anger, a classic part of domestic disturbances. In global economic terms, it is the Greek economy that is at risk of being smashed to pieces. Sterling once again strengthened against the Euro amidst serious concerns on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[110,3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/1033"}],"collection":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/comments?post=1033"}],"version-history":[{"count":5,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/1033\/revisions"}],"predecessor-version":[{"id":1162,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/1033\/revisions\/1162"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=1033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=1033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=1033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}