{"id":78,"date":"2010-11-04T12:37:18","date_gmt":"2010-11-04T12:37:18","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=78"},"modified":"2010-11-04T12:45:11","modified_gmt":"2010-11-04T12:45:11","slug":"smart-currency-daily-rates-comments-4th-november-2010","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/smart-currency-daily-rates-comments-4th-november-2010\/","title":{"rendered":"Smart Currency Daily Rates & Comments – 4th November 2010"},"content":{"rendered":"

EURO\/GBP<\/strong> – 1.141
\nUS$\/GBP <\/strong>\u2013 1.615
\nCHF\/GBP <\/strong>\u2013 1.568
\nCAN$\/GBP <\/strong>– 1.626
\nAUS$\/GBP <\/strong>\u2013 1.606
\nZAR\/GBP <\/strong>\u2013 11.059
\nJPY\/GBP <\/strong>\u2013 130.83
\nHKD\/GBP <\/strong>\u2013 12.522
\nNZD\/GBP \u2013<\/strong> 2.053
\nUS$\/EURO – <\/strong>1.415<\/p>\n

To request a up-to-the minute quotation, call 0808 163 0102 <\/strong>or\u00a0fill out our quote form:\u00a0http:\/\/www.smartcurrencyexchange.com\/quote.aspx<\/a><\/p>\n

Sterling hit a 9 month high against the US dollar yesterday after stronger than expected services sector data reduced the prospects for further Quantitative Easing ahead of today\u2019s Bank of England Monetary Policy Committee meeting. Sterling hit the 9 month highs throughout the day, and spiked by nearly 1 cent to hit a high of $1.6175\/\u00a31 in late trading when the US Federal Reserve announced a further $600bn of Quantitative Easing (\u201cQE\u201d). Sterling had a positive day aside from the US QE after the PMI figures showed the services sector was expanding and strong demand from Asian banks boosted the currency. Sterling also gained 0.3% against the euro as large movements of euro into sterling registered in the exchange rate. Key data tomorrow is the Bank of England\u2019s interest rate decision, which is widely expected to stay as it was last month. There is also house price data released at some point, so ensure you speak to one of the team to get the best price.<\/p>\n

In the Euro zone, it was a quiet day in the region for data, however the Interbank lending rate (i.e. the interest rate at which banks lend to one another) hit a 16 month high over uncertainty as to when the European Central Bank would pull back available credit. This return to higher rates marks the start of a return to \u2018normal\u2019 lending conditions, but it could simply be a reluctance to lend ahead of tomorrow\u2019s ECB meeting in which a clearer framework could be outlined for removal of the credit facility. Following the Fed announcement, the euro jumped above $1.41\/\u20ac1 \u2013 a key level \u2013 so call in now for a live exchange rate.<\/p>\n

In the USA, the big news was that the Federal Reserve announced a further $600bn of Quantitative Easing in an attempt to stimulate the economy. The first round of purchases worked, but this 2nd<\/sup> round was seen as an attempt to tackle unemployment and provide a much needed boost to bring the headline rate of unemployment back from 10%. The news prompted wild volatility, with sterling\/ US dollar jumping by a cent before falling back and the S&P 500 stock markets dropped by 0.8%. The general trader reaction was positive, with many blaming a \u201cbuy on the rumour, sell on the news\u201d approach that saw stock markets and the US dollar drop. Out today, we have new unemployment claims for the week so call in now for a live price.<\/p>\n

Currencies across the board strengthened against the US dollar following the Federal Reserve\u2019s announcement to pump further funding into the US economy, with the Canadian dollar rising to CAD 1.0065\/US$1. Get in touch now for a live rate and ensure you don\u2019t lose out.<\/p>\n","protected":false},"excerpt":{"rendered":"

EURO\/GBP – 1.141 US$\/GBP \u2013 1.615 CHF\/GBP \u2013 1.568 CAN$\/GBP – 1.626 AUS$\/GBP \u2013 1.606 ZAR\/GBP \u2013 11.059 JPY\/GBP \u2013 130.83 HKD\/GBP \u2013 12.522 NZD\/GBP \u2013 2.053 US$\/EURO – 1.415 To request a up-to-the minute quotation, call 0808 163 0102 or\u00a0fill out our quote form:\u00a0http:\/\/www.smartcurrencyexchange.com\/quote.aspx Sterling hit a 9 month high against the US dollar yesterday after stronger than expected […]<\/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\/78"}],"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=78"}],"version-history":[{"count":3,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/78\/revisions"}],"predecessor-version":[{"id":85,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/78\/revisions\/85"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=78"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=78"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=78"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}