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Weekly Currency Update - GBP/EUR Week ending 11th September

Weekly Currency Update - GBP/EUR Week ending 11th September

Old Sep 14th 2009, 8:59 pm
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Default Weekly Currency Update - GBP/EUR Week ending 11th September

Hi All,

Here’s an update on what’s been happening with the Euro over the last week.

The single currency posted a fresh 2009 high against the Dollar last week but was little changed against the Pound as a mixed bag of regional economic data stemmed further gains. German factory orders rose by more than expected in July but both the Italian and Belgian economies contracted by 0.5% and 0.3% in the Q2. The major highlights of this week should be Tuesday’s German ZEW (Indicator of Economic Sentiment), where we can expect to see further Improvement in investor morale while Wednesday’s final August inflation reading is seen unrevised at -0.2%y/y.

EURO Movement – High’s & Low’s of last week (7th – 11th September)

High’s: 1.1471
Low's: 1.1327

Movement of 1.27 %

Difference on £200,000

High: €229,420
Low: €226,540

Difference of: €2,880

Whilst FX certainly isn't the most thrilling of subjects, the sooner you begin to think about your money transfers the more likely you are to make your money go further.

Best Regards,

Mark Bodega
Director - HiFX
Windsor2 is offline  

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