USD/GBP Rate & Comments for 23rd August 2012
US$/GBP – 1.5887
Sterling had a relatively strong day yesterday despite the lack of any significant data released in the UK, strengthening against the majority of currencies and reaching a 3 month high of 1.59 against the US dollar after the Federal Open Market Committee (FOMC) meeting minutes were released. Another fairly quiet day for data in the UK today includes realised sales figures from the Confederation of British Industry (CBI) and statistics showing the number of new mortgage approvals in the previous month. Call in now for the latest rates.
The US dollar had a mixed day in the run up to the FOMC meeting minutes which were released yesterday evening. Following the release, the dollar was sold off sharply as the Federal Bank hinted that further quantitative easing or other means of monetary easing could be implemented shortly if the economy continues to struggle. On the data front, the number of existing homes sold in the previous month came in below market estimates. A fairly busy day for data in the US includes the number of new homes sold in the previous month, the change in the number of new people claiming unemployment benefits and manufacturing PMI figures will also be released. Get the latest news by calling in.
For individual requirements, visit the SmartCurrencyExchange.com website and for companies visit the SmartCurrencyBusiness.com website
Topic: Asian stock markets, Bank, Bank of England, best US dollar prices, charles purdy, Claiming benefits, Currency Exchange, Currency Rates, David Cameron, Debate, debt problems, debt risk, economic data, Election, emergency budget, emergency funding, exchange rates, financial markets, fixed rate, FSA, global investors, Gordon Brown, Greece, Greek debt, high volatility, housing market, Hung Parliament, increased VAT, inflation, interest rate, Labour, low dollar, new Chancellor, new government, Nick Clegg, poor sentiment, Pound, Prime Minister, Rates, recession, risk appetite, risk aversion, single currency, Smart Currency Exchange, sovereign debt, Sterling, stock market, strong banking, strong prices, strong sterling, UK budget data, UK economy, UK government, UK parliament, Unemployment, US Dollar, US dollar 6 month high, US Dollar Currency Exchange, US economy, US labour market, US stock markets, USD, weak chinese currency, weak sterling
USD/GBP Rate & Comments for 22nd August 2012
US$/GBP – 1.5776 Sterling had a mixed day yesterday losing ground against the euro and gaining against the US dollar. Data released showing that the level of public sector borrowing was worse than expected due to a rise in government spending and a fall in tax receipts undermined sterling. Other data released from the Confederation Continue Reading…
Topic: Asian stock markets, Bank, Bank of England, best US dollar prices, charles purdy, Claiming benefits, Currency Exchange, Currency Rates, David Cameron, Debate, debt problems, debt risk, economic data, Election, emergency budget, emergency funding, exchange rates, financial markets, fixed rate, FSA, global investors, Greece, Greek debt, high volatility, housing market, increased VAT, inflation, Pound, Rates, Smart Currency Exchange, Sterling, UK economy, US Dollar, US Dollar Currency Exchange, USD
USD/GBP Rate & Comments for 14th May 2010 USD/GBP – 1.458 Sterling fell yesterday against the US dollar and euro as the UK’s trade balance widened by more than expected. In March, the UK imported £6.3bn more than it exported and in April this gap increased by more than £1bn to £7.5bn. Exports remained steady Continue Reading…
Topic: David Cameron, Greece, Greek debt, Pound, Smart Currency Exchange, Sterling, UK economy, US Dollar, USD, weak sterling
USD/GBP Rate & Comments for 5th May 2010 USD/GBP – 1.513 Sterling had a mixed day yesterday falling to a 5 week low against the US dollar of $1.5090/ £1 and gaining against the euro to finish the day well above the 1.16/ £1 mark. The pound suffered over concerns that the crisis in Greece Continue Reading…
Topic: Currency Exchange, Currency Rates, Greece, Greek debt, Rates, Smart Currency Exchange, Sterling, US Dollar, USD
USD/GBP Rate & Comments for 30th April 2010 USD/GBP – 1.537 Sterling gained against the dollar and crept back against the euro as European officials stated that additional aid for Greece would be agreed soon. Sterling is trading at $1.5360/ £1 and 11.1560/£1. The prospect of an agreement on Greek aid helped stabilise market fears Continue Reading…
Topic: Bank of England, Currency Rates, Greece, Greek debt, Pound, Rates, Smart Currency Exchange, Sterling, UK economy, US Dollar, USD
Leave a Reply