Exchange rate update for Feb 9th 2009 mid-market rates at 1300 GMT:
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Sterling – Euro = 1.1488
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Sterling – US Dollar = 1.4970
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Sterling – Australian Dollar = 2.2110
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Sterling – New Zealand Dollar = 2.7870
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Sterling – South African Rand = 14.2860
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Sterling – Canadian Dollar = 1.8300
The Pound has followed Friday’s good gains with a further surge this morning, making sending money abroad slightly cheaper again.
Tomorrow’s trade balance data and Wednesday’s inflation report will give us clues as to whether the move is sustainable. If you need to send or receive money in a foreign currency, contact a currency company who can discuss your options in full.
