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Posted November 14th, 2011 by Charles Purdy

USD/GBP Rate & Comments for 14th November 2011

US$/GBP – 1.5922

Sterling strengthened against the US dollar on Friday as risk sentiment improved following expectations that Italy would push through austerity measures. In addition, positive US data helped risk appetite as investors felt happier about the global recovery. The recent volatility in the euro zone has also seen demand for UK government bonds increase and this should keep sterling relatively well supported against the euro – despite lacklustre domestic data. Out later this week we have the Bank of England’s quarterly inflation report which could be relatively downbeat and outline further quantitative easing dependant on the situation in the euro zone. In addition, there consumer confidence, retail sales and unemployment figures so call in now for a live exchange rate.

In the USA, figures on Friday showed that US consumer confidence had improved to the highest level in 5 months, with more Americans feeling better about the economy. In terms of data, it is a relatively busy week with wholesale price inflation, retail sales figures and consumer price inflation. The US dollar has been incredibly sensitive to the situation in the euro zone so call in now for a live exchange rate.

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Posted November 11th, 2011 by Charles Purdy

USD/GBP Rate & Comments for 11th November 2011

US$/GBP- 1.5901 Sterling dropped from earlier highs against the euro and slid lower against the US dollar after concerns over the euro zone led investors to pull back from exposure to riskier currencies. As had been expected, the Bank of England voted to keep interest rates on hold and keep the asset purchase programme on  Continue Reading…

Posted November 10th, 2011 by Charles Purdy

USD/GBP Rate & Comments for 10th November 2011

US$/GBP – 1.5894 Sterling hit the highest level against the euro for 8 months, but fell sharply against the US dollar after a torrid day on the markets which saw almost every major stock exchange sink deeply into the red as investors ran to safer assets. After a brief rally following the announcement of Silvio  Continue Reading…

Posted November 9th, 2011 by Charles Purdy

USD/GBP Rate & Comments for 9th November 2011

US$/GBP – 1.6069 Sterling strengthened against the euro and US dollar yesterday after solid economic data in the UK and further turmoil in the euro zone left the pound looking relatively good to investors. The National Institute of Economic and Social Research released data yesterday that showed that UK economic growth held steady at 0.5%  Continue Reading…

Posted November 8th, 2011 by Charles Purdy

USD/GBP Rate & Comments for 8th November 2011

US$/GBP – 1.6052 Sterling fell off earlier gains against the euro on Monday as it tracked the euro’s marginal gains against the US dollar. Sterling was looking fragile against the US dollar for much of the day as investors preferred the safe haven of the US currency on concerns over the outlook for the UK  Continue Reading…

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