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Posted July 31st, 2012 by Charles Purdy

USD/GBP Rate & Comments for 31st July 2012

US$/GBP – 1.5708

Sterling had a poor day yesterday undermined by the release of a string of weak economic data which included worse than expected CBI realised sales, fewer than anticipated new mortgage approvals and the change in the value of lending to individuals being lower than the market predicted. With very little data out from the UK today, the markets will look elsewhere for influence. So, call in now for the latest news and a live quote.

The US dollar had a mixed day yesterday due to the lack of significant data released in the US and with the markets tentative about what the rest of the week may bring. The Federal Open Market Committee meetings start today; but, the statement on Wednesday is expected to be much more influential. US consumer confidence figures will be released and should at least give some indication of the state of the US economy. Call in now for the latest news and a live quote.

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Posted July 30th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 30th July 2012

US$/GBP – 1.5702 Sterling continued to strengthen against the US dollar on Friday; but, remained weak against the euro as risk appetite returned to the market due to the renewed confidence in Europe following the President of the ECB’s comments on Thursday. Manufacturing, construction and services Purchasers Managers Index (PMI) figures are released throughout the  Continue Reading…

Posted July 27th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 27th July 2012

US$/GBP 1.5675 A mixed week saw sterling reach fresh 2.5 year highs of €1.2875/1 against the euro before weakening off after global risk appetite increased and appalling UK GDP data was released which saw sterling strengthen by nearly 2.5cents against the US dollar yesterday. The preliminary GDP figures showed that the UK’s economy contracted by  Continue Reading…

Posted July 26th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 26th July 2012

US$/GBP – 1.5486 Sterling had an extremely poor day yesterday, losing 1 cent against both the euro and the US dollar whilst weakening off against the majority of other currencies as much worse than expected preliminary GDP data was released. The figures are ominous for the state of the UK’s economy depicting a contraction of  Continue Reading…

Posted July 25th, 2012 by Charles Purdy

USD/GBP Rate & Comments for 25th July 2012

US$/GBP – 1.5503 Sterling was fairly strong yesterday despite having a poor start to the day following the release of figures showing that number of new mortgages approved was much lower than anticipated. The main data released today will be the preliminary GDP figures which are expected to show the market contracted by 0.2% extending  Continue Reading…

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