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Posted September 30th, 2011 by Charles Purdy

USD/GBP Rate & Comments for 30th September 2011

US$/GBP - 1.5546 

Sterling climbed by 0.7% against the US dollar as rumours the Swiss National Bank may raise its amount of sterling holdings increases. The pound however, fell by 0.4% against the euro after German parliament voted in favour of approving another Euro zone rescue fund. This week has shown significant signs that sterling is in fact being led around by other currency pairs which makes its movement difficult to predict. Data out yesterday showed UK house prices rose by 0.1%. According to Nationwide, house prices are likely to remain stable until the end of 2011. Call in now for a quote.

In the US, the US dollar rose by 0.5% against the yen whilst it made slim losses versus the euro. There was some good news for the US yesterday with GDP figures showing the economy has grown 1.3% for the second quarter. Additionally, jobless claims decreased from last week. Despite this, the US dollar still slipped 0.2% against a basket of currencies. Many think that the appeal for the US dollar as a safe haven currency is being undermined by the possibility of further quantitative easing from the Federal Reserve next week. Out today are figures for US personal income and spending for the month of August. This may cause significant movement, so call in now for a rate.

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Posted September 29th, 2011 by Charles Purdy

USD/GBP Rate & Comments for 29th September 2011

US$/GBP – 1.5616 Sterling remained steady against the US dollar yesterday and was slightly down versus the euro. With increasing market rumours that Greece will hold off on a default, market players felt somewhat confident and invested in riskier currencies. Expectations the Bank of England will put more quantitative easing on the table continues. Due  Continue Reading…

Posted September 28th, 2011 by Charles Purdy

USD/GBP Rate & Comments for 28th September 2011

US$/GBP – 1.5634 Sterling strengthened against the US dollar yesterday, following gains by the euro, as a rebound in global stock markets increased risk appetite and boosted confidence in sterling. There was a cautious optimism amongst investors that European policymakers were putting together a more solid plan to resolve the debt crisis, however, with nothing  Continue Reading…

Posted September 27th, 2011 by Charles Purdy

USD/GBP Rate & Comments for 27th September 2011

US$/GBP – 1.5568 Sterling appreciated by 0.7% against the euro yesterday as concern over the European debt crisis increased demand for the pound. Sterling also strengthened by 0.7% versus the US dollar. Despite these glimpses of strength, the pound is still suffering from last weeks’ one year low of $1.532/£1 and is increasingly under pressure  Continue Reading…

Posted September 26th, 2011 by Charles Purdy

USD/GBP Rate & Comments for 26th September 2011

US$/GBP – 1.5456 Sterling gained against the US dollar on Friday afternoon as investors took profits from the US currency’s earlier rally, but the pound remained close to a one year low on concerns over the global economic outlook. The pound also strengthened against the euro on speculation that Greece will not be able to  Continue Reading…

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