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Posted June 30th, 2011 by Charles Purdy

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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Posted June 29th, 2011 by Charles Purdy

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…

Posted June 28th, 2011 by Charles Purdy

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…

Posted June 27th, 2011 by Charles Purdy

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…

Posted June 24th, 2011 by Charles Purdy

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…

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