Important notice: Thursday is Thanksgiving (a public holiday) in the USA and as a result, US dollar payments will be delayed by one day as US routing banks will be shut. Please allow an extra day if you are paying suppliers in US dollars.

Sterling fell to a 6 week low against the US dollar yesterday as riskier currencies became hampered by the failure of US politicians to reach agreement on spending cuts and concerns over the European debt crisis continued to wreak havoc. Whilst the pound did start to recover, it also hit a 3 week low against the euro as banks allegedly repatriated funds in order to start recapitalising. In terms of data, we have the Bank of England’s minutes released later today which are set to show that there is potentially further Quantitative Easing on the way as the UK economy struggles with high inflation and low growth. Call in now for a live price.

In the euro zone, the euro slipped yesterday against the US dollar as rumours surfaced that Belgium and France were in fresh talks regarding the existing deal for Dexia – the first bank to be bailed out in Europe following the euro zone crisis. The concerns were over the fact that France could be taking on more and more liabilities – especially given the recent warnings over France’s credit rating in recent weeks. Out later today there is a wide array of economic activity data so call in now to ensure you don’t lose out.

In the USA, US GDP growth figures were revised downwards yesterday to 2% quarter on quarter which saw risk appetite decrease and increased demand for the US dollar. With the US super committee failing to reach an agreement on spending cuts, there is a significant risk that we could see another credit rating agency downgrade the US credit rating. Get in touch now to avoid losing out.

Elsewhere, sterling surged against the South African rand yesterday hitting the highest level since August 2009. Riskier currencies like the South African rand have taken a hit recently as investors pull out of riskier positions. Call in now to take advantage of better rates.

Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/