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Posted March 30th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 30th March 2012

US$/GBP – 1.6017 

Sterling has had a turbulent week hitting a four and half month high against the US dollar and a two week low against the euro before these trends reversed towards the back end of the week. The annual and fourth quarter GDP figures for 2011 were both unexpectedly revised down this week and figures showed that the UK’s disposable income has now fallen to its lowest level since 1921. There is very little data out of the UK today; but, with news released elsewhere there is still the potential for a lot of volatility so call in now for the latest update and a live quote.

The US dollar had poor start to the week; but, strengthened against the majority of currencies as the week progressed. Announcements this week suggested that the Federal Reserve Bank would look to keep monetary policy loose for the time being. A string of bad data was released this week as core and headline durable goods orders rose by less than markets had predicted, weak house sales data were revealed and unexpectedly poor labour data showed that the number of individuals who filed for unemployment insurance had risen. There is a raft of data out of the US today including personal spending and consumer sentiment figures so call in now for the latest update and a live quote.

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Posted March 29th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 29th March 2012

US$/GBP – 1.5916 Sterling had a poor day yesterday weakening off against the majority of currencies as the fourth quarter GDP figures for 2011 were unexpectedly revised down to -0.3%; furthermore, annual GDP figures were also revised down to 0.5%. Data released yesterday showed that the UK’s disposable income has now dropped to -1.2% meaning  Continue Reading…

Posted March 28th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 28th March 2012

US$/GBP – 1.5950 Sterling hit a four and a half month high against the US dollar today before losing ground and ending the day where it started. Sterling traded in a similar pattern against the majority of currencies strengthening in the morning before retracing in the late afternoon. One of the members of the Bank  Continue Reading…

Posted March 27th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 27th March 2012

US$/GBP – 1.5951 Sterling had a mixed day yesterday, strengthening and weakening against a variety of currencies as the markets shifted from risk appetite to risk aversion. Sterling was particularly strong against the Japanese yen and the US dollar, strengthening by 1.5c against the latter reaching the highest price in more than 3 months. There  Continue Reading…

Posted March 26th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 26th March 2012

US$/GBP – 1.5861 Sterling had a poor day on Friday weakening off against the majority of currencies but strengthening against the US dollar. The only significant data revealed on Friday showed that nationwide consumer confidence was worse than expected creating yet more negativity towards the state of the UK’s economy. The main data out of  Continue Reading…

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