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Posted May 29th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 29th May 2012

US$/GBP – 1.5679

Sterling strengthened slightly against the US dollar and Japanese yen yesterday, whilst weakening off against the commodity backed currencies as risk appetite drove the market in the early hours due to the latest news coming from Greece. It was a very quiet day for data across the globe generally yesterday as the US and much of Europe was enjoying a bank holiday. The Confederation of British Industry (CBI) survey on the relative level of current sales volume is the only data of note released form the UK today; so, call in now for the latest update and a live quote.

The US dollar weakened off against the majority of currencies yesterday morning as risk appetite returned to the market. The US markets were shut for the Memorial Day holiday yesterday; as a result, very little data was released. Out today, the main data on the agenda globally is the Conference Board Consumer Confidence survey which has caused volatility in the past; so, call in now for the latest news and a live quote.

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