Euro & Dollar Rates Up

28 July, 2011


European markets have been open on Monday, during the UK bank holiday, and a fall in retail sales figures in Germany has weakened the Euro slightly. Mid market rates were nearly back at 1.12 late on Monday – the best Euro exchange rates for a couple of weeks.

At the same time, investors have moved to slightly riskier assets again, resulting in the ‘safe’ US Dollar being sold off over the weekend. A reduction in demand means a cheaper dollar and better rates if you are sending money to the USA to pay for a property or importing goods.

There is more data out in the USA, Europe and the UK this week which could affect your rates – check back here for the latest news or contact your UK currency company directly for news & analysis relevant to your exact requirements.