Exchange rate news for Germany

Published on in Foreign Exchange News by

The Euro rallied yesterday on the back of Q2 GDP announcements across the Euro Zone.

Greece’s Q2 GDP came in a tad better than expected which saw the Euro hold onto its small gains overnight, although economists expect their situation to worsen. While this morning’s German Q2 GDP was also slightly higher than market expectations at +0.3%, compared to the expected +0.2%. There is strong resistance for the Euro at €/$1.2400 as traders prefer to sell into any Euro rallies ahead of that level.

Main Currency Pairs * Yesterday Today
GBP/EUR 1.27300 1.26910
GBP/USD 1.56720 1.56950
GBP/CAD 1.55400 1.55750
GBP/NZD 1.93330 1.93920
GBP/AUD 1.48550 1.49080
GBP/AED 5.75390 5.76110
EUR/USD 1.23060 1.23660
GBP/CHF 1.52770 1.52770
GBP/ZAR 12.6920 12.7320
GBP/SEK 10.4410 10.4703
GBP/JPY 122.275 122.890
GBP/PLN 5.21070 5.19240
GBP/SGD 1.94580 1.95330
EUR/PLN 4.09610 4.08200
EUR/CHF 1.20090 1.20100
GBP/MAD 13.9886 14.0075
PLN/EUR 0.24410 0.24500
GBP/CZK 32.0634 31.9850
GBP/DKK 9.46790 9.46780
GBP/HKD 12.1004 12.1753
GBP/HUF 354.789 355.021
GBP/NOK 9.24820 9.29400
GBP/INR 86.2358 86.8651
GBP/THB 49.0892 49.3150

Sterling is a little weaker against the stronger Euro as we open around the $1.2700 technical support level. There remains natural corporate interest to sell the Pound above the $1.5700 level for the time being

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