Amazon, American Express and Microsoft have each reported flatter than expected corporate earnings for the second quarter, shaking the view that the US economy is on the road to recovery. Microsoft stock fell 10% while Amazon shares 8.2% and American Express fell 3.7% as the companies all reported underwhelming sales results.
The decline snapped two weeks of gains for equity markets, leading the S&P and Dow Jones lower. European equites also declined, along with currency exchange rates for the pound as the decline in risk appetite followed weak GDP figures in the UK.
Sterling currency exchange rates are currently at 1.6430 against the US dollar and 1.1570 against the euro.
The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.
Please note: All rates are subject to change, for the latest up-to-date rates check our Currency converter
Contact Us
Currency Converter
Today's Currency News
Leaders at the G8 summit over the weekend indicated their desire for Greece to remain in the Euro...
Currency Rates
| US Dollars | 1.5800 |
| Euros | 1.2366 |
| Swiss Francs | 1.4854 |
| Australian Dollars | 1.6010 |
| South African Rand | 13.074 |
| GBP indicative mid-market rate at 18:45. Please call for quote. | |
Currency Solutions Ltd is registered in England, Company No. 4864491.
© 2003 - 2012
Registered address is Hobbs Court, 2 Jacob Street, London SE1 2BG.
HM Revenue & Customs, No. 12162570
Regulated and authorised by the Financial Services Authority,
as a Payment Institution, No. 512130