News

Euro rate back up

28 July, 2011

CurrencyIndex

Good news for anyone buying Euros – the rate is creeping back up as worried about Greece and Portugal persist in holding back the value of the single currency.

ECB President Trichet’s speech yesterday was unusually strong in warning of further economic problems in the Eurozone to come, which has halted gains that the Euro was making earlier in the week.

For the latest commercial Euro exchange rates, contact Currency Index on 0800 043 2623.

Currency blog resources

28 July, 2011

CurrencyIndex

For a list of other currency blogs available, please see our partner site at www.Mistercurrency.com.

Trade balance narrows

28 July, 2011

CurrencyIndex

The Pound has taken some strength this morning from the UK trade balance figures, which were not as bad as expected.

February’s defecit was £2.1bn, against expectations of £2.9bn. There is no further major UK data out this week.

Data out this week

28 July, 2011

CurrencyIndex

A summary of data released from around the world this week likely to affect exchange rates:

Monday 12th
1315 – Canadian housing starts
1930 – US monthly budget statement

Tuesday 13th
0230 – Australian business confidence
0930 – UK trade balance
1330 – US import price index & Canadian house price index
2345 – New Zealand retail sales

Wednesday 14th
1000 – Eurozone industrial production
1330 – US CPI inflation & retail sales
1500 – Federal Reserve chairman Ben Bernanke’s speech

Thursday 15th
0900 – European Central Bank monthly report & trade balance
1330 – US initial jobless claims
1415 – US industrial production

Friday 16th
0815 – Swiss producer & import prices
1000 – Eurozone CPI inflation
1330 – US housing starts

Sterling higher again – best rates since Feb

28 July, 2011

CurrencyIndex

This morning’s PPI inflation figures have come out much higher than expected and given the Pound a further boost. Rates for buying Euros and sending US dollars are now the best they have been since February – contact Currency Index for a quote on your overseas transfer today.

Triple dose of good news boosts sterling

28 July, 2011

CurrencyIndex

3 pieces of positive news have given the Pound a boost this morning:

– UK industrial and manufacturing production up more than expected
– UK house prices rose 1.1% last month, according to Halifax
– UK car sales are up 26% on last year

Dollar and Euro prices agains the Pound are now at their cheapest for over a month, with the next news scheduled being the Bank of England and ECB due to announce their monthly policy statements at lunch time today.

Pound improves as election campaign gets underway

28 July, 2011

CurrencyIndex

The Pound seems to have taken some strength from the official start of the UK election campaign – with better rates across the board for transferring money overseas, compared to before Easter.

Tomorrow we have Industrial and Manufacturing figures out in the UK, as well as the Bank of England’s monthly policy statement, so do keep in touch with Currency Index if you would like the latest news on exchange rates.

This week’s currency news 212

28 July, 2011

CurrencyIndex

Data due out this week which is likely to affect exchange rates:

Tuesday 6th
0530 – Australian interest rate decision
0815 – Swiss CPI inflation
1900 – US interest rate minutes

Wednesday 7th
1000 – Eurozone GDP

Thursday 8th
0230 – Australian unemployment rate
0645 – Swiss unemployment rate
0930 – UK manufacturing production
1000 – Eurozone retail sales
1100 – German industrial production
1200 – UK interest rate & quantitative easing decisions
1245 – Eurozone interest rate decision

Friday 9th
0930 – UK PPI inflation
1200 – Canadian unemployment rate

GDP revised up

28 July, 2011

CurrencyIndex

The final revision to Q4 GDP in the UK has been released – and shows a slight improvement on last month’s estimate.

For 2009, the economy shrank by 3.1%, compared to the previous estimate of 3.3%.

The Pound has taken some strength from the news, which also confirmed the UK exited recession at the end of 2009. Exchange rates for sending money abroad have improved across the board this morning.

This week’s currency update

28 July, 2011

CurrencyIndex

After last week’s budget, we return to the usual weekly data this week, which includes a mix of figures due to be released from around the world which are likely to affect exchange rates.

With the Easter weekend coming up, do speak to Currency Index before Friday if you would like an update on the latest news and some guidance on your currency transfers.

Monday 29th
0930 – UK mortgage approvals
1000 – Eurozone consumer confidence
1330 – US personal income & consumption

Tuesday 30th
0930 – UK current account
1500 – US consumer confidence

Wednesday 31st
Overnight – UK consumer confidence
0130 – Australian retail sales
0300 – New Zealand business confidence
1000 – Eurozone CPI inflation & unemployment rate
1330 – Canadian GDP
1500 – US factory orders

Thursday 1st
0130 – Australian trade balance
0900 – Eurozone manufacturing data
0930 – UK manufacturing data
1330 – US jobless claims
1500 – US manufacturing figures

Friday 2nd
Bank holiday (Good Friday)
1330 – US non-farm payrolls, hourly earnings and unemployment rate