Euro, Dollar at Best Rates for Months

28 July, 2011


We are seeing the best exchange rates for Euros and Dollars for some time – trading at 1.11 and 1.47 respectively.

Fundamentally, UK data is still very negative, but renewed appetite from investors in sterling assets has boosted demand for the Pound – and therefore we have better exchange rates for sending money to the USA and Eurozone.

This spike may not last. The only data of note out today are Canadian housing starts at 1.30pm, and minutes from the Federal Reserve’s last interest rate meeting, released at 7pm.