US$/GBP 1.5675

Sterling had a mixed day on Friday as it weakened off significantly against the US dollar and marginally strengthened against the euro. A mix of data released on Friday showed worse than expected figures from the manufacturing sector, whilst the change in the price of goods and raw materials grew more than anticipated. The main news out of the UK this week is the change in the number of people claiming unemployment benefits during the previous month so call in now for the latest update and the latest news.

The US dollar strengthened significantly against both the euro and sterling on Friday as the non-farm employment change figures were better than expected further boosting the positive sentiment of a labour led US economic recovery. Worse than expected trade balance figures were also released at the same time but were overshadowed by the positive employment data. There a raft of data released in the US this week, all of which have the potential to create volatility in the market so call in now for the latest update and the latest news.

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US$/GBP – 1.5921 An okay day for sterling yesterday holding its own or even gaining against some currencies. The UK Confederation of British Industry (CBI) figures showed that the level of consumer spending in the UK was much better than predicted climbing to an eight month high. Out today the main UK release is the  Continue Reading…

US$/GBP – 1.57708 Yesterday, the markets sought to digest the news that the €130 billion bailout for Greece had finally been signed. The deal which was confirmed early on Tuesday morning resulted in a fairly volatile day with sterling finishing the day weaker against the euro. The UK’s public sector net borrowing figures came in  Continue Reading…

USD/GBP Rate & Comments for 2nd September 2010 USD/GBP – 1.540 Sterling hit a 3 week low against the euro yesterday after UK purchasing manager data came in sharply lower than was expected. The survey asks business purchasing managers whether they have bought more or less this month, and is a key indicator of business  Continue Reading…

USD/GBP Rate & Comments for 1st September 2010 USD/GBP – 1.540 Sterling fell across the board on Tuesday as concerns over the global economy sent jitters through financial markets. Sterling dropped to a 5 week low of $1.5327/£1 – breaking through the 200 day ‘moving average’ which means there is likely to be further downward  Continue Reading…