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Posted December 31st, 2010 by Charles Purdy

USD/GBP Rate & Comments for 31st December 2010

US$/GBP – 1.5495

Sterling lost ground as worries over the UK recovery were to the fore. The only currency that seemed to have a worse day was the US$ as concerns over their debt requirements grew.

We are open until 3pm today so please feel free to get in touch. We then are back for business on Tuesday 4th January.
So we end the year with sterling having gained a bit of ground against the euro , close to where we started the year against the US$ and having lost a lot of ground against the commodity backed currencies. I expect 2011 to be very similar.

I wish you all the very best and have a wonderful 2011

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Posted December 30th, 2010 by Charles Purdy

USD/GBP Rate & Comments for 30th December 2010

US$/GBP – 1.5513 Sterling gained a little bit of ground across the board. The US$ suffered from worries over the level of its funding requirements over the coming year as yields on US government bonds continued to increase. There are also concerns about the Euro zone funding requirements for January over what demand there will  Continue Reading…

Posted December 29th, 2010 by Charles Purdy

USD/GBP Rate & Comments for 29th December 2010

US$/GBP – 1.5372 We are in a quiet period with little news and low trading volumes as most sensible people make the most of the festive period. Sterling has lost a little bit of ground against the euro and the US$. But it is against the commodity backed currencies that the biggest change has happened  Continue Reading…

Posted December 23rd, 2010 by Charles Purdy

USD/GBP Rate & Comments for 23rd December 2010

US$/GBP – 1.5411 In our last Daily Currency Note before Christmas, sterling fell to a 3 month low against the US dollar after a downward revision to the UK’s growth figures for the 3rd Quarter reminded investors how fragile the road ahead is for the UK economy. Figures showed that against an initial estimate of  Continue Reading…

Posted December 22nd, 2010 by Charles Purdy

USD/GBP Rate & Comments for 22nd December 2010

US$/GBP – 1.5466 Sterling hit a 3 month low against the US dollar yesterday as public borrowing figures came in far worse than expected and called into question whether the government can meet its deficit cutting target. Net borrowing by the government was at a record £22.8bn for November – up on last year’s £16.7bn  Continue Reading…

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