A weary dollar hit a two-week low against the euro this morning and was trampled by a rallying pound. Focus will be on sterling in European trading hours later today, with a revised set of third-quarter Gross Domestic Product figures set to cross the wires.
Pound Sterling – UK Markets
The Pound is rallying at a strong pace against the dollar and is currently trading at USD1.66 and 1.10 versus the euro. A revision of UK Gross Domestic Product is expected to show that the economy shrank a bit less than was originally reported in the third quarter, down -0.3% from the three months to March.
US Dollar – US Markets
The dollar slipped against higher- yielding currencies and dropped to a two-week low against the euro as renewed signs the global economy is recovering encouraged investors to buy riskier assets.
US currency weakened beyond USD1.50 per euro after a Japanese report showed the nation's exports dropped at the slowest pace in a year as government spending worldwide boosted demand. The greenback is currently trading at 0.60 against the pound.
Euro – European Markets
Overnight the euro gained as much as 0.2% as stocks advanced in overnight trading. The single currency was boosted against the pound following a strong reading of German business sentiment yesterday and at present is trading at 0.901 EUR/GBP.
Other Currencies – Highlights
Australia's dollar perked up after Reserve Bank of Australia Deputy Governor Ric Battellino declared that the economy has entered a “new upswing,” which set the Aussie in gear to trade against the US dollar at 0.927.The Deputy Governors comments fanned speculation that the central bank will raise rates for a third consecutive month in December.
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
Markets are gearing up for an action-packed trading session, with key policy meetings of the BoE and...
Currency Rates
| US Dollars | 1.5809 |
| Euros | 1.1907 |
| Swiss Francs | 1.4422 |
| Australian Dollars | 1.4674 |
| South African Rand | 12.010 |
| GBP indicative mid-market rate at 00:15. 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