���

 

 

 

 

 

 

 

 

 

GBP-EUR

1.1825

 

GBP-USD

1.5170

 

GBP-AED

5.57

 

GBP-JPY

144.20

 

GBP-CAD

1.5420

 

GBP-CHF

1.4395

 

GBP-HUF

359.20

 

GBP-TRY

2.7620

 

GBP-AUD

1.45

 

GBP-ZAR

14.07

 

GBP-NZD

1.8120

 

GBP-SGD

 

1.8850

 

 

 

 

 

 

GBP-PLN

4.935

 

GBP-HKD

11.78

 

GBP-THB

44.36

 

GBP-MYR

 

4.83

 

EUR-USD

1.2835

 

EUR-AED

4.71

 

EUR-TRY

2.34

 

EUR-AUD

1.2265

 

USD-CAD

1.0170

 

USD-JPY

94.52

 

USD-NZD

1.1965

 

 

 

 

 

 

 

(Please note these rates were taken at 09:29am 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)

 

 

 

If you wish to see any other exchange rates above then please don’t hesitate to contact me.

 

 

 

 

 

 

 

 

 

 

 

In just over 5 minutes the UK will see another release of its GDP figure, which will tell us how our recovery is going? Analysts are expecting the figure to come out the same as last month and if we do then we should not see much movement in the rate however a change of 0.1% either way will surely move the rates.

This week we have seen bad news and rumours of more bad news to come from Europe in two key countries; Spain and Italy.� Italy who still doesn’t have a government from a failed election over a month ago is at risk of a credit rating downgrade it has been reported.� You can understand why as without a government how can they move forward with growth, plus and probably more importantly most Italians voting for parties promising no further austerity so the questions is how will their economy grow?�

The latest news comes from Spain where they released their 6 month update on their economy, the news comes from their Central Bank and it is not promising. They forecast a further contraction of their economy by a further 1.4% through 2013, plus unemployment to climb to 28%, they already have the highest level which stands at 26%.� This again gives an insight into the fairly poor situation that the some of the biggest economies in the Euro zone are in, plus it makes you worry how quickly it will be mended and their economies start to grow once more. It will weaken the overall performance for the Euro both now and in the year to come, so why would the euro strengthen?

Since January we have seen Sterling drop from around EUR 1.2350 too EUR 1.18 and for a property worth EUR 200,000 it just became �7,548.21 more expensive in less then 3 months. This is the main reason why it helps for me to know what stage you’re at as we have financial tools that can help secure rates before they drop. If you would like to know more then feel free to contact us on the details below and we will be happy to discuss your situation and create a plan for your up-coming transfer.

 

 

 

 

 

 

 

 

 

 

 

 

Today’s report was
brought to you by

Excel Currencies

 

 

 

 

 

 

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.

 

 

20 Copperfields Centre, Spital Street, Dartford, Kent DA1 2DE
Tel: +44 (0) 1322 22 11 21 Fax: +44 (0) 800 084 8805 E
-mail: ian.daly@excelcurrencies.com