Interbank Ranges

andres del risco

Interbank Rates Overnight/Morning Ranges:

Interbank Rates EUR/USD 1.2913-1.2990

Interbank Rates GBP/USD 1.5540-1.5587

Interbank Rates GBP/EUR 1.1997-1.2037

The USD little changed from where we closed yesterday. The Euro awaits the results in Bond auctions from Portugal, Italy and Spain this/next week. Portuguese bond yields are expected to rise and this may place the Euro under pressure again. However Japan have followed China and said it will buy bonds to support the Euro Zone, the statement having little affect as they would be using Euro Reserves (no need to buy Euros then!).

Sterling has held onto Fridays gains as we await the Bank of England rate decision this week, expected of course unchanged. Growth slowed in Q4, according to the British Chambers of Commerce, to around 0.4% q/q from 0.7% in Q3. Manufacturers reported strong growth, particularly in exports, but domestic services activity slowed. Employment in private services was stagnant in Q4 and not expected to pick up much in Q1. (FT)

The AUD weaker today, further flooding in Queensland, but more importantly a narrowing on their trade gap.

EUR/USD currently 1.2940. Support 1.2700, resistance 1.3000.

GBP/USD currently 1.5540. Support 1.5400, resistance 1.5700.

GBP/EUR currently 1.2020. Support 1.1850, resistance 1.2100.

Oil $ 89.4 Gold $ 1378 Dow -0.3% FTSE -0.5% Nikkei -0.3%

Company Details

Interbank Ranges

Get a quick quote

Open Account with TORFX

TORFX are located at:
Penlowarth, Penzance, Cornwall, TR18 4ED, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not spam you!

Click to Watch the Latest Videos on CMT

Compare Money Transfer Testimonial

Compare Currency Exchange News

All Rights Reserved: Copyright 2006 - 2017 Compare Money Transfer Limited