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Pounds to Danish Kroner with Currency Today

Currency Today are a UK based FX currency broker specializing in exchanging Pounds to Danish Kroner for corporate and domestic clients. Contact us for the very best exchange rates for Pounds to Danish Kroner and all your exchange money needs.

Interbank foreign exchange rates:

These rates are for indication purposes only and are not applicable for holiday money. Holiday money rates click here

Updated: 02-07-2009

British Pound to US Dollar
GB Pounds to Euro
Euros to Pounds
Euro to US Dollar
GB Pound to Japanese Yen
Pounds to Australian Dollars
Pounds to New Zealand Dollars
GBP/ZAR
GBP/CHF
GB Pound / Canadian Dollar
GBP/SGD
GBP/THB
GBP/HKD
GBP/TRY
1.6359
1.1598
0.8622
1.4095
157.80
2.0386
2.5701
12.711
1.7631
1.8797
2.3679
55.46
12.665
2.4964

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Competitive - Executing millions of pounds worth of transactions a year provides clients access to a range of suppliers including banks and liquidity providers
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Innovative - Currency Today continues to use technology to be at the forefront of foreign exchange brokering

Friday 04/05/2007

• Sterling continues to weaken against the US Dollar
• US sees key employment release—non farm payroll data at 13:30
• New York Federal Reserve Bank President Timothy Geithner is to speak about the changing global economy
• UK—Markets count down to the MPC interest rate decision next Thursday

US Dollar: - Employment data—13:30

The dollar continued to rally yesterday on the back of yet more strong data. Non-manufacturing ISM data
surprised to the upside, echoing the manufacturing jump on Tuesday, pushing the dollar higher yet against
sterling. Concerns over a US slowdown are still weighing on markets. The dollar looks a little more comfortable
going into this afternoon’s non-farm payrolls report for April, trading under $1.99 versus the pound. Markets
will be looking for a favourable job report before pushing the currency any higher. A gain of 100,000 is
expected this afternoon, and any number outside of this could result in either a quick sell -off or a sharp spike
upwards. The Fed is widely expected to cut US interest rates before the end of the year, but the timing of any
move could be heavily dependent on labour market trends. Thus, today’s data could well set the tone in the
run up to the next Fed meeting.

Pound:

There are months when, as the clock ticks down to noon on a Thursday's interest rate decision, most of the
City is on tenterhooks as it awaits the Bank of England’s uncertain verdict on interest rates. This month is not
like that at all. In a Reuters poll, 61 out of 61 City economists expected that the MPC will mark its tenth anniversary by raising base rates again next Thursday by another quarter-point to 5.5 per cent – a level not seen since April 2001. The question in the press is whether there is any chance of a 50 basis point hike, unlikely but a possibility. Then we look further to CPI data which last month forced an explanatory letter to the chancellor as to why inflation was running at 3.1%. Currency buyers now need to look closely beyond Thursday to look for key indicators and the tone on any further interest rate hikes and any strength sterling may gain.

Euro: - Retail sales—10:00

As the Euro continues to hold at current high levels the ECB may now have to look at the exchange rate in
deciding monetary policy. ECB ‘sources’ yesterday said the FX rate is now on the radar. Also on the agenda
today are the Euro zone services PMI’s, which are expected to remain at levels consistent with a robust pace
of growth. The data should underpin expectations of further rate hikes from the ECB but with on all the focus
on this afternoon’s payrolls data, the surveys may have little impact on foreign exchange levels. The Euro

General News:

• Australian Central Bank Cuts 2007 Inflation Forecast
• The Canadian Ivey Purchasing Managers Index for April is released at 1400GMT, the same time as US
Treasury Assistant Secretary for Economic Policy Phillip Swagel is scheduled to brief the media on recent
economic indicators.
• The AUD and NZD were notable sellers overnight, with dovish comments from the Australian central
bank sending the units lower against the USD. The central banks sees headline inflation as dropping
below the 2% level

Interbank foreign exchange rates:
Updated 4th May
G BRITISH POUND / US DOLLAR 1.9865
GB POUNDS / EURO 1.4644
EURO / US DOLLAR 1.3563
GB POUND / JAPANESE YEN 238.92
GBP/AUD 2.4246
GBP/NZD 2.7031
GBP/ZAR 13.9238
GBP/CHF 2.4125
GBP/CAD 2.1970
GBP/SGD 3.0189
GBP/THB 63.500
GBP/HKD 15.5318

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