Currency | Rate | EURO | 1.169 | US$ | 1.483 | CHF | 1.767 | CAN$ | 1.805 | AUS$ | 2.270 | JPY | 143.96 | HKD | 11.493 | Comments: Sterling is in the pits. The constant stream of increasingly negative data over the last year as well as the gloomy outlooks on the year ahead have left a sad picture of the UK economy. The recent flurry of well publicised job cuts and the ever growing sense of an impending recession (that may or may not have 'technically' started already) has new, unwanted benchmarks being set by sterling daily. The hope that monetary policy will be of any help against the current woes in the short term and this within a financial system already proven to be flawed is perhaps over optimistic. So don't any upside for sterling in the short term. Further downside seems more likely. Note: All rates are mid market inter bank and indicative at the point of publication. To get live pricing contact Ben@SmartCurrencyBusiness.com |
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