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Posted February 28th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 28th February 2012

US$/GBP – 1.5857

There was very little data out of the UK yesterday with sterling weakening against the commodity backed currencies as risk appetite drove the market and holding its own against the euro and the US$. The only significant data released today is the Confederation of British Industry (CBI) figures which will provide some insight on the level of consumer spending in the UK.  Call in now for the latest update and the latest news.

In the US yesterday, pending home sales figures released were a better than estimated complimenting the positive sentiment surrounding the US economic recovery at present. Out today consumer confidence data is released as well as figures showing the change in the total value of new purchase orders placed with manufacturers for durable goods. Call in now for the latest update and the latest news.

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