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Foreign Exchange
Trading Currency can be a confusing business, but using a Currency Broker will definately save you money and help get a better understanding of the costs involved.
Here is a look at how the major currencies are performing:
Sterling Vs Euro :
Trading around £1 = Euro 1.20
Recent warnings over euro-zone economic situation, relating to Greece in particular, have softened the Euro´s strong run as market participants appear unsure over the Eurozone’s economic outlook. But Bank Bail outs and low interest rates are still squeezing Sterling.
Sterling Vs US Dollar : Trading around £1 = $1.44
Canadian Dollar : Trading around £1 = 1.61CAD$ Recent Canadian economic data suggests the slowdown has slowed, however there are forecasts suggesting the fulll recovery is not expected this year.
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