Exchange Rate News – GBP, EUR and USD

This week continues to be quiet in terms of economic data with very little data of note due to be released today. The main focus has been on Germnay this morning with their latest consumer confidence survey released which showed a slight decline in the public’s opinion of the Eurozone largest economy and data this morning also showed a decline in German import figures all of which has led to a very slight weakening of the Euro this morning which, for clients looking to buy Euros, has presented some excellent opportunities. This afternoon the attention turns to the States with the latest mortgage applictaion figures released. With the US housing market showing signs of recovery if we see further good news this morning it could result in a positive movement for the USD, which may mean that for clients looking to buy Dollars it could be worth speaking to one of our senior currency brokers here at Foreign Currency Direct plc before this announcement so you can discuss the possible implications of the announcement and the options available to you. You can call straight through to our dealing floor for free on 0800 328 5884 or if calling from abroad you can call us on 0044 1494 725353 alternatively email me directly on trh@currencies.co.uk