USD/GBP Rate & Comments for 30th June 2011
US$/GBP – 1.6026
Sterling recovered against the euro yesterday after the Greek parliament approved a vital set of austerity measures that pave the way for further funds from the ECB and a widely anticipated second bailout. Sterling also made gains against the US dollar after a poll showed a jump in inflation expectations that boosted hopes of an earlier than anticipated interest rate hike in the UK. Currently markets expect that the Bank of England will wait until at least 2012, before touching rates. Out today, we have house price figures so call in now for a live exchange rate to avoid missing out.
In the USA, the euro strengthened against the US dollar as risk appetite saw investors reversing safe haven trades into US government bonds. As a result, the euro traded up 0.5%, hitting a high of $1.4447/ €1. In terms of data, yesterday saw a surprising boost from housing data with pending home sales rebounding from -11.3% to hit 8.3%. Out later today we have key unemployment claims figures so get in touch to avoid missing out.
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Topic: Currency Rates, Smart Currency Exchange, US Dollar
USD/GBP Rate & Comments for 29th June 2011
US$/GBP – 1.6010 Sterling fell against the euro yesterday, hitting an 8 week low, after Bank of England policymakers opened the door for further Quantitative Easing suggesting that the Bank is sticking to its guns on inflation forecasting which it has argued for some time will spike this year before falling off. This left Continue Reading…
Topic: US Dollar Currency Exchange
USD/GBP Rate & Comments for 28th June 2011
US$/GBP – 1.5985 Sterling fell to a 5 month low against the US dollar yesterday as concerns over the European debt crisis saw a spike in risk aversion and investors bought safe haven currencies. Sterling dropped as low as $1.5940/£1 as investors looked to park funds away from any perceived European exposure. Sterling also Continue Reading…
Topic: Currency Rates, Smart Currency Exchange, US Dollar
USD/GBP Rate & Comments for 27th June 2011
US$/GBP – 1.5931 Sterling fell below $1.60 against the US dollar for the first time since April 1 last week and fell below €1.12 against the euro as retail sales figures for the UK fell to the weakest level in a year. As expected, Bank of England policymakers voted 7-2 in favour of no Continue Reading…
Topic: Currency Rates, Smart Currency Exchange, US Dollar
USD/GBP Rate & Comments for 24th June 2011
US$/GBP – 1.5970 Sterling fell below $1.60 against the US dollar for the first time since April 1 and fell below €1.12 against the euro as retail sales figures for the UK fell to the weakest level in a year. This was seen as justifying the Bank of England’s decision earlier in the month Continue Reading…
Topic: Currency Rates, Smart Currency Exchange, US Dollar
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