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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 July 22nd, 2010 by Charles Purdy

USD/GBP Rate & Comments for 22nd July 2010 USD/GBP – 1.521 Sterling fell yesterday after the minutes from the Bank of England’s latest policy meeting on interest rates showed a dampened outlook for growth. As a whole, there was a lack of confidence from the policy makers as further quantitative easing (injection of money into  Continue Reading…

Posted July 21st, 2010 by Charles Purdy

USD/GBP Rate & Comments for 21st July 2010 USD/GBP – 1.528 Sterling recovered from Monday’s losses yesterday as concerns over European bank stress tests saw investors taking profit from the stronger euro. Despite starting the day poorly after data on UK public finances came in worse than expected, the pound recovered against the euro and  Continue Reading…

Posted July 20th, 2010 by Charles Purdy

USD/GBP Rate & Comments for 20th July 2010 USD/GBP – 1.529 Sterling fell yesterday against the euro to hit a 7 week low against the euro as higher demand for the single currency saw investors cut short positions in the currency – particularly against the pound. Sterling hit a low of 1.1724/ £1, as a  Continue Reading…

Posted July 16th, 2010 by Charles Purdy

USD/GBP Rate & Comments for 16th July 2010 USD/GBP – 1.542 Sterling continued its rally against the US dollar yesterday, hitting a 2½ month high of $1.5393 as risk appetite helped drive demand for the pound. Data in the UK was fairly thin on the ground and the movement was driven by strong data out  Continue Reading…

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