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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USD/GBP Rate & Comments for 27th May 2010 USD/GBP – 1.445 Sterling had a strong day against the euro yesterday as investors sold the single currency on concerns that Europe’s debt problems were far worse than the UK. The pound rose 1% to hit a 2 week high of 1.1808/ £1 in afternoon trading. With Continue Reading…
Topic: debt risk, Pound, single currency, Smart Currency Exchange, Sterling, UK economy, UK parliament, US Dollar, US stock markets, USD, weak sterling
USD/GBP Rate & Comments for 25th May 2010 USD/GBP – 1.428 Sterling gained over 1% against the euro yesterday and fell against the US dollar. The pound hit a high of 1.1646/ £1 and fell to a daily low of $1.4353/ £1 before pulling back ground towards $1.4430/ £1. The strength against the euro was Continue Reading…
Topic: Currency Rates, new Chancellor, Pound, Rates, risk aversion, Smart Currency Exchange, Sterling, UK economy, UK parliament, US Dollar, US stock markets, USD
USD/GBP Rate & Comments for 19th May 2010 USD/GBP – 1.432 So the UK parliament met for the first time yesterday following the general election. Some people were sitting next to people they probably thought they would never sit next to ever in Parliament [e.g. David Cameron and Nick Clegg]. But we are in a Continue Reading…
Topic: David Cameron, Nick Clegg, Pound, Smart Currency Exchange, Sterling, UK economy, UK parliament, US Dollar, US stock markets, USD, weak sterling
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