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Posted August 23rd, 2012 by Charles Purdy

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.

 

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Posted August 27th, 2010 by Charles Purdy

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Posted August 26th, 2010 by Charles Purdy

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Posted August 23rd, 2010 by Charles Purdy

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Posted August 12th, 2010 by Charles Purdy

USD/GBP Rate & Comments for 12th August 2010 USD/GBP – 1.569 Sterling dropped by nearly 1% against the US dollar yesterday after the Bank of England’s quarterly inflation report said that inflation would drop below the 2% target level in the next 2 years. In addition the Bank left the door wide open for further  Continue Reading…

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