Euro Pounds Daily brief Thurday 30 November 2006

For Today's exchange rates Click the following link:
Euro Pounds Home

1. Unbeatable exchange rates On Euros pounds Transactions
2. No commissions
3. FREE transfers over £5,000
4. Guaranteed secure transactions
5. Same day swift clearing of funds
6. Your personal senior FX broker
 

 

Thursday 30/11/2006


 • More dollar weakness
• Brief reprieve as US growth revised upwards
• French data dents euro
• UK house prices expected to rise
• Global stocks benefit from US growth
• Oil ticks up as stockpiles fall


US Dollar:


Another dire Asian session for the dollar, again. Yesterday the beleaguered greenback had a brief respite
as US GDP data showed growth had jumped to 2.2% against an expected 1.8%. This initially
caused the dollar to climb 0.4% against the Euro but despite hawkish comments from Fed chairman
Ben Bernanke, Asian markets sold the dollar heavily overnight.
The pound traded above a 14-year high against the dollar with stop-loss orders being triggered pushing
cable to 1.9563. With bids in the around 1.9500 it is difficult to see the dollar gaining much ground
today.


Pound:


Another strong day in the UK market as concerns over the future of the dollar sent the pound higher
and higher.
With Nationwide house prices expected to show an 8.3% increase year on year the pound is expected
to continue its recent bull run.


Euro:


French manufacturing data this morning showed a drop month on month denting the Euro slightly.
However with the ECB widely expected to continue with their hawkish policy it is difficult to see any
upside on the sterling-Euro cross.
Euro-dollar continues to flirt with the 1.3200 level and with stop-loss orders above a break would see
further upside hurting the greenback further.


General News:


• Worldwide stock markets benefited from the US growth figures yesterday as Wall Street rallied
for the second day in a row. Confidence spilled over into Asia as the Nikkei closed 198 points
higher.
• Lots of data today however nothing of major significance. Uk consumer confidence figures at
0930 being the pick of the day.
• Oil traded as high as $65.50 as solid US growth and a drop in oil stockpiles caused the commodity
to break out of the $58-62 rut it had been stuck in.

Inter-bank
Updated 30/11/2006
 
GB POUNDS / US DOLLAR 1.9539
GB POUND / EURO 1.4815
EUR/USD 1.3186
GBP/JPY 226.83
GBP/AUD 2.4806
GBP/NZD 2.8692
GBP/ZAR 13.9226
GBP/CHF 2.3583
GBP/CAD 2.2264
GBP/SGD 3.0136
GBP/THB 70.307
GBP/HKD 15.1933

 

Currency exchange videos

Daily report archives

November 2006  December 2006  January 2007  February  March  April  May July
August  September  October November December January 08 February

Euro to Pounds

Site Map


2008 © Euro Pounds Exchange Rates Currency Today
Currency Today is a UK registered Limited Company - Number: 6502599