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 31st, 2012 by Charles Purdy

USD/GBP Rate & Comments for 31st January 2012

US$/GBP –  1.5735

Sterling had a steady day as most of the news was generated elsewhere. The main news was in Europe with the EU summit meeting in Brussels. At one stage sterling hit a one month low against the euro hitting resistance at €1.19/£1. Although risk aversion was heightened there was little significant movement either against the US$ or the commodity backed currencies. Call in now for the latest update and the latest news.

In the US we had the release of personal income and expenditure figures for December. These highlighted the fall in real spending by the US population towards the end of the year and show that although the US economy is moving forward it still has a long way to go. Markets were also subdued as we wait for a raft of further economic data during the course of this week both in the US [non-farm payrolls employment report] and elsewhere [Chinese manufacturing figures].

For individual requirements, visit the SmartCurrencyExchange.com website and for companies visit the SmartCurrencyBusiness.com websiteSterling

 

Leave a Reply

Posted January 31st, 2012 by Charles Purdy

USD/GBP Rate & Comments for 30th January 2012

US$/GBP – 1.5668 Sterling hit a 5 week high against the US dollar on Friday on speculation that agreement would be reached over the weekend in negotiations over Greek debt restructuring. However, as we start the week this has not happened yet. In addition, sterling strengthened on Friday against the euro as a member of  Continue Reading…

Posted January 27th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 27th January 2012

US$/GBP – 1.5668  Sterling fell to a four week low against the euro on Thursday as investors became optimistic over progress in Greek debt talks and concerned over UK economic weakness.  UK data from the Confederation of British Industry showed there was a far worse contraction in sales than had been anticipated.  Sterling strengthened against  Continue Reading…

Posted January 26th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 26th January 2012

US$/GBP – 1.5641 Sterling fell against the US dollar yesterday, coming under pressure after figures showed that the UK economy contracted by more than expected in the final quarter of last year. With GDP figures showing a 0.2% contraction against an expected drop of 0.1%, there were market concerns that the Bank of England would  Continue Reading…

Posted January 25th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 25th January 2012

US$/GBP – 1.5570 Sterling regained ground against the euro yesterday after hitting a 4 week low against the currency, however the pound struggled to make many gains as investors became concerned over further economic weakness in the UK. In a speech last night, Bank of England governor Mervyn King hinted at a further round of  Continue Reading…

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