Compare Money Transfer News - January 2011
Unrest in the Middle East grabs markets’ attention; dollar, gold, oil rally, stocks sell off
(January 31, 2011)European newsflow improved somewhat at the start of the week, allowing stocks to break new highs in this cycle. However, the Tunisian unrest spreading to Egypt caused markets to send the dollar, precious metals and oil prices higher as stocks lowered. The consensus that has developed around emerging market economic and financial outperformance did not [...]
Sterling finds support as rate hike expectations take hold
(January 28, 2011)GBP
Sterling made gains against the dollar Thursday, finding support from broadly-held expectations that the Bank of England will raise interest rates by mind-year, helped by a general dollar weakness.
The pound also jumped against the yen, which was sold off after ratings agency Standard & Poor’s cut Japan’s sovereign debt rating by one notch to [...]
S&P downgrades Japan’s debt rating to AA-
(January 27, 2011)GBP
The pound was boosted Wednesday after Bank of England minutes showed that policymakers had considered a rate hike during this month’s policy meeting. Committee member Martin Weale made an unexpected move to Andrew Sentance’s stance, voting for a quarter-point rate rise, prompting a possible 0.75% rate in the coming months.
USD
The dollar was generally weaker on [...]
Poor UK GDP figures and gloomy King send sterling tumbling
(January 26, 2011)GDP
Shock contraction figures sent sterling tumbling to a two-and-a-half month low against the euro on Tuesday, causing investors to scale back expectations of an interest rate rise in the coming months.
Britain’s economy shrank 0.5 percent in the last three months of 2010, confounding forecasts for a 0.5 percent expansion and prompting warnings of a tough [...]
Euro rally continues despite confusion regarding future steps in euro crisis
(January 24, 2011)Despite a lack of resolution regarding Eurozone aid to stricken peripheral countries, the euro rallied while other currencies turned more mixed performances against the greenback. Stocks and commodities pulled back somewhat from their recent records.
GBP
Another month, another upside surprise in British inflation numbers. The annual headline inflation number surged to 3.7% in December, much higher [...]
Respite for exporters as sterling loses hold
(January 21, 2011)GBP
Thursday saw the sterling weaken against the dollar and euro after the greenback enjoyed a rally on the back of strong housing numbers and some large real money accounts reallocated funds away from the pound and towards the euro.
Also weighing on sterling was a mixed UK industrial trends survey that highlighted the dilemma facing Bank [...]
(January 20, 2011)
GBP
Unemployment increased notably during the three moves to November, although jobless claims decreased for the third month in December. Earnings growth remained subdued, easing pressure on the central bank – the aim of which is not always to lower inflation, but instead to ensure price stability, Bank of England policymaker Adam Posen stated on Wednesday. Posen [...]
Today’s Foreign Exchange Rates
(January 19, 2011)The currency rates shown below are based on today’s Interbank rates at Monday 10th January 2010 at 07.15 AM. Please use the Compare Money Transfer quotation form for current live rates and an individual quotation.
Currency Pair
Currency Description
Currency Rate
AUDEUR
AUSTRALIAN DOLLAR – EURO
0.7465
AUDGBP
AUSTRALIAN DOLLAR – STERLING POUND
0.6274
AUDUSD
AUSTRALIAN DOLLAR – US DOLLAR
1.0055
CADUSD
CANADIAN DOLLAR – US DOLLAR
1.0103
EURMUR
EURO – MAURITIUS [...]
Sterling rises as CPI data furthers interest rate hike speculation
(January 19, 2011)GBP
Yesterday’s consumer price inflation came out far worse than expected, prompting the sterling to rally against the dollar to reach eight-week highs on the speculation that interest rates will have to rise soon.
Rising oil prices drove annual CPI growth up far more than expected in December to an eight-month high of 3.7 percent, data showed, [...]
Today’s Foreign Exchange Rates
(January 18, 2011)The currency rates shown below are based on today’s Interbank rates at Tuesday 18th January 2010 at 07.15 AM. Please use the Compare Money Transfer quotation form for current live rates and an individual quotation.
Currency Pair
Currency Description
Currency Rate
AUDEUR
AUSTRALIAN DOLLAR – EURO
0.7470
AUDGBP
AUSTRALIAN DOLLAR – STERLING POUND
0.6248
AUDUSD
AUSTRALIAN DOLLAR – US DOLLAR
0.9979
CADUSD
CANADIAN DOLLAR – US DOLLAR
1.0158
EURMUR
EURO – MAURITIUS [...]