Thursday, 5 May 2011

Pensions & Weather

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Currency Rates
Base currency is GBP. Rates as of 2011-05-04 19:09:00 UTC (GMT).
Top 10 Currencies   By popularity
Currency Unit
GBP per Unit
Units per GBP
USD United States Dollars
0.6057398577
1.6508736999
EUR Euro
0.8987272177
1.1126846726
GBP United Kingdom Pounds
1.0000000000
1.0000000000
CAD Canada Dollars
0.6322098900
1.5817531738
AUD Australia Dollars
0.6507216180
1.5367554608
JPY Japan Yen
0.0075152352
133.0630351495
INR India Rupees
0.0135784754
73.6459708351
NZD New Zealand Dollars
0.4782284432
2.0910508652
CHF Switzerland Francs
0.7038429244
1.4207715463
ZAR South Africa Rand
0.0909487969
10.9951976775



UK Data Disappoints (Why the pound is crashing)
In the UK, there was a slew of data released but none of it was terribly GBP supportive. First off, the Nationwide HPI, which highlights house price changes on a monthly basis, dropped 0.2% versus expectations of a 0.3% rise. Second, the construction PMI underperformed, coming in at 53.3 from last month’s 56.4 and less than the expected 55.6. Finally, net lending to individuals was calculated at 0.5B on the month, which is much less than the 1.7B expected and last. Obviously the UK economy is sputtering and as such, the currency has underperformed the EUR today due to the divergence in news reports. That being said, the risk environment and correlation to Europe have actually helped the pound to gain against the US dollar.



Current Conditions
17°C9:06 AMPARTLY SUNNY
More Information
RealFeel®21°C
WindsCalm
Relative Humidity73%
Dew Point12°C
Barometric Pressure1018 mb
Pressure TendencyRising
Visibility11 km
Sunrise6:58 AM
Sunset8:56 PM
Three-Day Forecast
ThursdaySome sunshine with a couple of showers
RealFeel®: 26°C
High Temperature: 21°C
Low Temperature: 15°C
Details | Hour-By-Hour
FridayIntervals of clouds and sunshine
RealFeel®: 20°C
High Temperature: 20°C
Low Temperature: 16°C
Details | Hour-By-Hour
SaturdayConsiderable clouds with a couple of showers
RealFeel®: 25°C
High Temperature: 23°C
Low Temperature: 15°C
Details | Hour-By-Hour

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