Sterling slipped against the euro on Friday as the single currency recovered ground as European leaders sought to reassure investors in \u2018peripheral\u2019 Euro zone debt that they would not face a debt writedown. There were also concerns over the UK\u2019s involvement in Irish debt as it became clear that UK banks have nearly $147bn worth of exposure to the country\u2019s decreasingly popular bonds. Despite this, sterling closed up nearly 2% against the euro on the week and remained above the $1.60\/\u00a31 as the week saw concerns over further Quantitative Easing in the UK fade. It is a quiet day for data in the UK with most traders likely to be looking ahead to Wednesday\u2019s minutes of the Bank of England Monetary Policy Committee two weeks ago. Call in now for a live exchange rate to ensure you don\u2019t miss out.<\/p>\n
In the Euro zone, the Irish government denied yesterday that the country is insolvent despite the Ministry of Finance admitting to \u201congoing contacts\u201d with international officials \u201cin light of current market conditions\u201d. This marked a clear change in tone to recent statements which dismissed reports that the country was discussing a bailout package. There is pressure for Ireland to announce that it will seek a bailout ahead of a meeting of Eurozone members tomorrow, in which they are due to discuss the European Financial Stability Facility \u2013 the fund set up after Greece\u2019s bailout over the summer. Data is limited today, so call in now for a live exchange rate.<\/p>\n
In the USA, the situation in Ireland saw the euro slip to a 6 week low of $1.3573\/\u20ac1 as investors became concerned over the prospect of an Irish bailout. US Treasury bonds came under pressure also, as rumours circulated that the Federal Reserve would need to pull back on some of the additional Quantitative Easing and so far today, speculation that China would raise interest rates has seen investors move back into US dollars on fears of more restrictive policy in emerging markets. Out today there is retail sales data, so call in and speak to one of the team to protect yourself.<\/p>\n
Elsewhere, the Australian dollar slipped to a 2 week low against the US dollar as news that China would look to curb inflation to avoid an asset bubble \u2013 a move that could curb demand for Australian commodities, and ultimately impact the economy, so ensure you speak to a trader now about protecting yourself.<\/p>\n
EURO\/GBP<\/strong> – 1.177 Sterling slipped against the euro on Friday as the single currency recovered ground as European leaders sought to reassure investors in \u2018peripheral\u2019 Euro zone debt that they would not face a debt writedown. There were also concerns over the UK\u2019s involvement in Irish debt as it became clear that UK banks have nearly $147bn worth of exposure to the country\u2019s […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/118"}],"collection":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/comments?post=118"}],"version-history":[{"count":1,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/118\/revisions"}],"predecessor-version":[{"id":119,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/118\/revisions\/119"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nUS$\/GBP <\/strong>\u2013 1.605
\nCHF\/GBP <\/strong>\u2013 1.576
\nCAN$\/GBP <\/strong>– 1.625
\nAUS$\/GBP <\/strong>\u2013 1.632
\nZAR\/GBP <\/strong>\u2013 11.229
\nJPY\/GBP <\/strong>\u2013 133.17
\nHKD\/GBP <\/strong>\u2013 12.451
\nNZD\/GBP \u2013<\/strong> 2.085
\nUS$\/EURO – <\/strong>1.363<\/p>\n","protected":false},"excerpt":{"rendered":"