Weekly Currency Update - GBP/EUR Week ending 11th September
Sep 15th 2009, 8:59 am
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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
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
