Good morning,
The euro continues to go from strength to strength supported by ECB comments that the economy continues to pick up. The Great British Pound took a battering yesterday on a day where UK data was somewhat lacking. Today sees no significant data releases in the UK and Eurozone. Market will instead focus on US data to be released this afternoon ‘Retail sales and Initial jobless claims’.
Draghi speaks today and once again the markets will watch closely to see whether he takes a similar line to his comments at last weeks post policy meeting press conference. Been a quiet day for the UK obviously there is a great chance we could see the euro strengthen again!!
Meanwhile good news for the Australian economy as it gained against all major currencies after data showed employers added more than three times the jobs that economists had estimated. The Aussie dollar gained 250 points in 24hrs against the weaker pound.
MORNING MARKET RATES:
GBPEUR 1.1946
GBPUSD 1.6668
EURUSD 1.3951
GBPSEK 10.569
GBPZAR 17.946
GBPAUD 1.8383
Please feel free to contact me to discuss SPOT, FORWARD buying and placing LIMIT ORDERS.
Not Registered?
Register as a Corporate – Click HereRegister as an Individual – Click Here
Kind regards,
Kris Charalambides
Corporate Account Manager
Tel: 
+44 207 183 2790
Direct Dealing Line: +44 207 183 7928
Fax: +44 1920 898 041