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Posted August 27th, 2010 by Charles Purdy

USD/GBP Rate & Comments for 27th August 2010

USD/GBP – 1.552

Sterling benefitted from improved risk sentiment as gains in stock markets gave investors the confidence to seek higher returns elsewhere. Sterling reached $1.5545/£1 against the US dollar as the FTSE 100 gained 1% through the day. Today sees the release of GDP data in the UK and a surprise to the upside could benefit Sterling. Get in touch now to speak to our traders so you can plan ahead accordingly.

The US dollar continues to move with investor risk appetite and today the focus will be on GDP data as well as the Federal Reserve Chairman Ben Bernanke’s speech at the central banker summit in Jackson Hole.

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