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 January 25th, 2011 by Charles Purdy

USD/GBP Rate & Comments for 25th January 2011

US$/GBP – 1.5955

Sterling fell against the US dollar and euro yesterday as investors took profits following last week’s highs. Last week was a bumper week for the pound as inflation figures heightened expectations of an earlier than expected interest rate hike by the Bank of England. However, negative comments from Adam Posen on Friday and a downbeat article in the Daily Telegraph cast doubts over the possibility of any change in monetary policy. The Telegraph argued that any interest rate hike could punish the economy and push the recovery into a period of stagflation. Today sees the first estimate of UK GDP for the 4th Quarter and analysts are expecting the harsh weather to have dented economic activity. This week also sees the Bank of England’s minutes from their last meeting so call in for a live exchange rate.

 In the USA, it was a quiet day for data in the region and the US dollar took its lead from other currencies. It is an interesting week ahead, with President Barack Obama’s State of the Union address tonight and the Federal Reserve’s interest rate decision tomorrow. Ensure you speak to one of the team to avoid the market moving against you.

For individual requirements, visit the website and for companies visit the website

Be Sociable, Share!

Comments are closed.

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