Sterling nearly hits 1.20 against the Euro.
- cthwaytes
- Jan 6, 2022
- 1 min read
What does the Cockerel say?
6th January 2022
Good morning, Quick overview on GBP:
GBP/USD moves below 1.35
GBP/EUR trading around 1.1950
GBPUSD Against the US Dollar, after nearly hitting a two-month high of 1.3600 there were Hawkish FOMC minutes inspired USD strength. They pointed to a faster-than-expected rise in interest rates with almost all participants agreed that it would be appropriate to initiate balance sheet runout at in due course. GBP moves below 1.3500 handle. GBPEUR GBP nearly reached 1.20 (0.8333) against the Euro yesterday after the UK government decided to power through the Omicron surge with relatively few restrictions. GBP currently sits around 1.1950 this morning. It's said that UK inflation may not peak until the 6% area in April - compared to Eurozone inflation may be peaking around now as German VAT adjustments fall out in the base effects.
Please see below for more rates. Please call us if you need assistance on any SPOT or FWD contracts
FX Dealing Team
Phone: 0207 118 0021
GBP EUR 1.1952 | GBP ZAR 21.39 |
GBP USD 1.3500 | USD JPY 115.77 |
EUR USD 1.1297 | GBP PLN 5.4728 |
GBP AUD 1.8885
| GBP NZD 2.002 |
GBP SGD 1.8375 | GBP CHF 1.2412 |
GBP HKD 10.5330 | USD CHF 0.9188 |
Please note these rates are interbank prices and not retail prices. These are sent as an indication.
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