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Posted August 24th, 2010 by Charles Purdy

USD/GBP Rate & Comments for 24th August 2010

USD/GBP – 1.538

Sterling hit a 2 month high against the euro yesterday reaching 1.2279/£1. This was short lived and this morning we have seen sterling lose ground against both the euro and the US$. Trading volumes in August are traditionally low which means that we can see rapid movements even when there is a lack of supporting data. That is why it is so important to get in touch as early as possible so that we can best help you manage your exposure.

The US dollar is performing well against the euro and sterling this week on the back of renewed risk aversion. Today sees the release of US existing home sales which is expected to have fallen to 13.2% in July. Make sure you are taking advantage of the best prices by speaking to a trader today.

Exchange rates change every second – call Smart Currency Exchange for a live up-to-the-minute quote. For individual requirements, visit the SmartCurrencyExchange.com website and for companies visit the SmartCurrencyBusiness.com website.

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