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Posted April 30th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 30th April 2012

US$/GBP – 1.6294

Sterling had a strong day on Friday breaking through new resistance hitting a 22 month high of 1.2292 against the euro and an 8 month high of 1.6279 against the US dollar as news from Europe and the US drove the market. If the manufacturing, construction and services Purchasing Managers’ Index (PMI) figures released this week are poor, sterling will be under pressure following the weak GDP figures last week. Call in now for the latest update and a live quote.

AThe US dollar had a poor day on Friday as worse than expected GDP data caused more speculation that the Federal Reserve may look to implement further Quantitative Easing. The Institute for Supply Management (ISM) PMI indices and the influential non-farm payroll data release will be some of the main drivers in the global foreign exchange market this week. Any variation away from the expected values has caused a lot of volatility in the past; so call in now for the latest update and a live quote.

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Posted April 27th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 27th April 2012

US$/GBP – 1.6171  Sterling had a volatile week hitting fresh 20 month highs of 1.2275 against the euro and fresh 6 month highs of 1.6205 against the US dollar despite a raft of bad data being released. The UK is now in a technical recession after preliminary GDP figures showed the economy unexpectedly slumped by  Continue Reading…

Posted April 27th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 26th April 2012

US$/GBP – 1.6189 Sterling weakened off against the majority of currencies yesterday morning as quarterly GDP figures released showed that the UK is now technically back in recession; the first double dip recession since the 1970’s. The news that the UK is now back in recession has prompted a call for further quantitative easing from  Continue Reading…

Posted April 25th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 25th April 2012

US$/GBP – 1.6134 Sterling reached a fresh 6 month high of 1.6160 against the US dollar whilst pushing slightly higher against the euro reaching 1.2275; before weakening off sharply in the afternoon. Public sector borrowing for March came in above market expectations reaching £15.8 billion meaning that the total debt now exceeds the £1 trillion  Continue Reading…

Posted April 24th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 24th April 2012

US$/GBP – 1.6131 Sterling hit fresh highs of 1.2270 against the euro yesterday as fears surrounding the Eurozone were once more at the forefront of traders’ minds. The main release today will be the public sector net borrowing figures which the markets will keep a close eye on to see if there is any movement  Continue Reading…

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