{"id":662,"date":"2011-01-28T11:23:48","date_gmt":"2011-01-28T11:23:48","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=662"},"modified":"2011-01-28T11:23:49","modified_gmt":"2011-01-28T11:23:49","slug":"smart-currency-exchange-yen-falls-as-japan-sees-credit-rating-slip-to-aa-28012011","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/smart-currency-exchange-yen-falls-as-japan-sees-credit-rating-slip-to-aa-28012011\/","title":{"rendered":"Smart Currency Exchange: Yen falls as Japan sees credit rating slip to AA- [28\/01\/2011]"},"content":{"rendered":"

Sterling\u00a0gained against the US dollar yesterday as the currency continued to gain support following Wednesday\u2019s Bank of England minutes, hitting a daily high of $1.5991\/\u00a31 \u2013 just shy of the $1.60\/\u00a31 mark.\u00a0Sterling\u2019s support came from the fact that committee member Martin Weale joined Andrew Sentance in calling for a 0.25% rate hike \u2013 a move that was seen as increasing the likelihood of an interest rate rise later this year, despite Tuesday\u2019s poor GDP figures. Mervyn King made it clear in a speech on Tuesday night that any rate decision would have the long term prospects of the economy at heart. King\u2019s speech (not the Colin Firth one) reaffirmed his belief that inflation would rise before dropping next year. Call in now to take advantage of the higher US dollar rates.<\/span><\/p>\n

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In the euro zone, high inflation and potential interest rate hikes seemed all the rage this week \u2013 yesterday saw\u00a0Germany\u00a0join the party with prices rising in the country at their highest rate since October 2008, up 2% year on year. This prompted further speculation over interest rate hikes with many analysts expecting a 0.5% increase by the end of the year. Out today there is no real data of interest but call in to speak to the team about the next few weeks.<\/span><\/p>\n

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In the\u00a0USA, the US dollar fell yesterday as the impact of President Obama\u2019s State of the Union address sank in. The President announced the first moves to start cutting spending and the deficit. On the data front, numbers for first time claimants of unemployment benefits gained that did not help. Released today is the 4th<\/sup> Quarter GDP figures which could be very interesting \u2013 call in now for a quote.<\/span><\/p>\n

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Elsewhere, the Japanese yen fell yesterday after credit rating agency Fitch cut the country\u2019s credit rating to AA-. The move called into question the yen\u2019s status as a safe haven currency and many feel that this could benefit the US dollar in the long run.<\/span><\/p>\n

EURO\/GBP – <\/strong>1.1583<\/span><\/span>
US$\/GBP<\/strong> \u2013 1.5870
CHF\/GBP<\/strong> \u2013 1.5009
CAN$\/GBP<\/strong> – 1.5822
AUS$\/GBP<\/strong> \u2013 1.6026
ZAR\/GBP<\/strong> \u2013 11.2723
JPY\/GBP<\/strong> \u2013\u00a0131.26
HKD\/GBP<\/strong> \u2013\u00a012.3628
NZD\/GBP<\/strong> \u2013 2.05513
SEK\/GBP<\/strong> \u2013 10.2499
US$\/EURO<\/strong> – 1.3690<\/span><\/span><\/p>\n

To request a up-to-the minute quotation, fill out our quote form: http:\/\/www.mycurrencytransfer.com\/apply\/smart-currency-exchange<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sterling\u00a0gained against the US dollar yesterday as the currency continued to gain support following Wednesday\u2019s Bank of England minutes, hitting a daily high of $1.5991\/\u00a31 \u2013 just shy of the $1.60\/\u00a31 mark.\u00a0Sterling\u2019s support came from the fact that committee member Martin Weale joined Andrew Sentance in calling for a 0.25% rate hike \u2013 a move that was seen as increasing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,21],"tags":[33],"_links":{"self":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/662"}],"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=662"}],"version-history":[{"count":1,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/662\/revisions"}],"predecessor-version":[{"id":663,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/662\/revisions\/663"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}