All this and more is available on our video blog at http://uk.youtube.com/user/WorldFirstJC
Friday was a boring day as a bank holiday in the US saw volumes collapse and sideways trading across all asset classes.
The one piece of data that carried a hint of interest was the services PMI figure from the UK which stayed above 50.0, signalling expansion, but didn’t move as high as some analysts has expected. It however made little difference into the weekend’s trade.
This week is quiet data wise although the lead up to the G8 (Weds to Fri) will provoke some volatility. I expect a fairly hawkish air from the G8 at their summit in Rome and subsequently a strengthening of risk averse assets. For the unitiiated we expect the USD and JPY to strengthen.
ISM Non-Manufacturing is due from the US at 15.00 with an increase expected. This is the only piece of data today although the RBA announcement is due overnight with a hold expected at 3%.
World First’s Twitter page is up and running and we will be live ‘tweeting’ the impact of all these data releases and how they affect the markets. Click below for up-to-date news on all things currency. The address is http://twitter.com/World_First
|
Latest Exchange Rates At Time Of Writing
|
|
Indicative Rates
|
Sell
|
Buy
|
|
GBP/EUR
|
1.1616
|
1.1644
|
|
GBP/USD
|
1.6212
|
1.6236
|
|
EUR/USD
|
1.3940
|
1.3962
|
|
GBP/JPY
|
154.25
|
154.82
|
|
GBP/AUD
|
2.0434
|
2.0480
|
|
GBP/NZD
|
2.5825
|
2.5896
|
|
GBP/CAD
|
1.8822
|
1.8884
|
|
NZD/USD
|
0.6265
|
0.6289
|
|
GBP/ZAR
|
12.91
|
12.97
|
|
USD/ZAR
|
7.94
|
8.00
|
|
GBP/PLN
|
5.07
|
5.1005
|
|
EUR/JPY
|
132.77
|
133.24
|
|
Rates are dependent on amount transacted. Please call 0207 801 9080 for a live rate quote.
|
|
|
|
|
Please feel free to contact me (jeremy.cook@worldfirst.com) if you have any questions or thoughts regarding these updates or if you are interested in a particular event in the calendar. If you would like to discuss your foreign exchange requirements, please contact our: Corporate Foreign Exchange Team on 020 7801 9050 or our Private Client Currency Exchange Team on 020 7801 9080.
To view any past or present currency blogs please click on the following link www.worldfirst.com/blog.
|
|
Disclaimer: The above comments are only our views and should not be construed as advice. You should act using your own information and judgement. Although information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed. All opinions and estimates constitute the author’s own judgement as of the date of the briefing and are subject to change without notice. Any rates given are “interbank” i.e. for amounts of £5million and thus are not indicative of rates offered by World First for smaller amounts. E&OE. Definitions of jargon/market terms can be found in our Glossary of Foreign Exchange Terms.
|
|
Leave a Reply