UK BASE RATE: 0.50%
US FED FUNDS: 0.25%
Monday 20th May 2013
All focus last week was on the continued strength of the dollar where it has come to almost a 3 year high against other currencies. This has been driven by optimism that the US will start to reduce Quantative Easing over the next few months.
Consequently GBP/USD is trading around 1.52 this morning while EUR/USD is down around 1.2855.
GBP/EUR remains just over 1.18 on the open this morning.
Have a good week and enjoy the long Bank Holiday w/e (also a US holiday next Monday).
CHANGE OF BANKING
All Segregated Client Accounts have been transferred to Barclays Bank PLC from Tuesday 26th March 2013.
Please contact the office for updated bank details for any transfers you will be making to us. Thank you for your continued support.
* Rates shown are market rates within the last 24 hours, are indicative and for example purposes only. The actual rate will depend on the market rate at the time of dealing.