Call Free Phone Now:0808 163 0102
Outside the UK: +(44) 207 898 0541 Request a Call Back
 
  Daily Currency News Euro US Dollar Educational Articles  
 
Posted August 28th, 2007 by Charles Purdy

Weekly US$ Rates and Comments – Week Commencing 27th August 2007

Sterling had a better week. The markets have regained some equilibrium following the Feds move to reduce their lending rate to financial institutions. Also the ECB and the Fed continue to make available liquidity as and when required and in whatever size required. Any economic data released recently seems to have ignored. However, sterling will continue to be under pressure while the liquidity crisis continues and safe haven such as US treasury bills are preferred.

 

The US$ sits at US$2.003/£1 inter bank and has lost a bit of ground in the last week. Even though US treasury bonds are considered as safe haven assets the US economy still has some major problems so any short term and significant improvement in the US$ is unlikely.

 

Leave a Reply

Posted August 18th, 2007 by Charles Purdy

Weekly US$ rates and comments – week commencing 20th August 2007

Sterling continues to be under pressure. The liquidity crisis is having far reaching consequences. The flight to safety has focused on the Yen, the Swiss franc and the US$ in the form of treasury bonds. UK news focussed on the Consumer Price Inflation figure for July of 1.9% being for the first time in a  Continue Reading…

Posted August 12th, 2007 by Charles Purdy

Weekly US Dollar Exchange Rates – Week Commencing 13th August 2007

Sterling had a strange start to last week losing a cent and half against the Euro very first thing Monday morning. The explanations as to why the sudden movement happened have been somewhat limited especially given the lack of sterling negative news over the weekend. At the same time, there was a rapid decline in  Continue Reading…

Posted August 12th, 2007 by Charles Purdy

Weekly US Dollar Rates and Comments – Week commencing 13th August 2007

Sterling had a strange start to last week losing a cent and half against the Euro very first thing Monday morning. The explanations as to why the sudden movement happened have been somewhat limited especially given the lack of sterling negative news over the weekend. At the same time, there was a rapid decline in  Continue Reading…

Posted August 12th, 2007 by Charles Purdy

Weekly US Dollar Rates and Comments – Week commencing 13th August 2007

Sterling had a strange start to last week losing a cent and half against the Euro very first thing Monday morning. The explanations as to why the sudden movement happened have been somewhat limited especially given the lack of sterling negative news over the weekend. At the same time, there was a rapid decline in  Continue Reading…

© Copyright 2010 Smart Currency Exchange. All Rights Reserved.
Site by Iniquus