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(Please note
these rates were taken at 13:01pm today, rates do fluctuate
every 2 – 3 seconds and your rate will depend on the amount you wish to
exchange. Please call or e-mail with the amount you wish to purchase to
get an exact exchange rate) |
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If you wish to see any other exchange rates above then please don’t hesitate to contact me. |
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1st - 5th July So far this morning we have heard that U.K. bank earnings have slumped this includes Royal Bank of Scotland whom were bailed out by taxpayers and compelled to write down the value of loans, cut jobs and sell assets. Britain’s four largest lenders will have eliminated about 189,000 jobs by the end of this year from their peak staffing levels, bringing employment to a nine-year low, according to data compiled by Bloomberg. Also this morning, we have seen some positive figures from the U.K manufacturing sector along with an increase in mortgage approvals and a better then expected consumer credit figure. This was shortly followed by a drop in the Euro zones Unemployment rate and an inflation figure that did not change. The week ahead Later this afternoon (3:00pm - 1/7/2013) the US releases its construction and manufacturing figure along with its ISM prices paid figure. The ISM survey consists of 2 components these components reflect sentiment towards inflation and labour conditions - two of the market's most significant health indicators. First thing tomorrow morning (4:30am - 2/7/2013) we have Australians Interest rate decision and the consensus is that they will leave everything on hold at 2.75%, expect big movements if we see the rate cut. At 9:30am we will have the UK's construction figure which is expected to show another increase from last months then at 10:00am that we will have Europe's PPI figure which is expected to improve from last months. Wednesday (3/7/2013) will again see important figures for the 4 majors (EUR, AUD, USD & GBP) beginning with Australia's New home sal:es, Retails sales and trade balance figures, all expected to be positive. Then it's Europe's turn (9:00am) with German PMI and the Euro zone PMI figures all expected to come out the same last months reading, this will be followed by the UK service sector figure (9:30am) which is expecting a slight drop compared to last months figure. Then shortly after we will have Retail sales figures (10:00am) for the Euro zone which analysts are expecting a drop in. Later in the afternoon will see the US's Employment change figure (13:15pm), Trade balance figure (13:30pm), Jobless claims (13:30pm) and manufacturing figure (15:00pm). Thursday & Friday (4/7/2013 + 5/7/2013) will be important days for the UK, EU and US. We start with the UK's Interest rate decision (12:00pam) and Asset purchase target both expected to be kept on hold, then it will be Europes turn with its Interest rate decision (12:45am) followed by the all important press conference afterwords. (13:30pm) Then Friday will be all about the US when we see its offical employment rate and change in non-farm payrolls figures (13:30pm) , both expecting a drop. |
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The
contents of this report are for information purposes only. It is not
intended as a recommendation to trade or a solicitation for funds. The
author(s) cannot be held responsible for any loss or damages arising from
any action taken following consideration of this
information. |
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