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 18th June 2010 USD/GBP – 1.485 Sterling pushed near 1 month highs against the US dollar yesterday as UK retail sales data came in much better than expected and risk appetite increased after a Spanish bond auction was well received. The pound rose to a high of $1.4838/£1 as retail Continue Reading…
Topic: Currency Rates, exchange rates, FSA, Rates, Smart Currency Exchange, Sterling, UK economy, Unemployment, US Dollar, US stock markets, USD
USD/GBP Rate & Comments for 22nd April 2010USD/GBP – 1.543 Sterling hit a 2 month high against the euro as the number of people claiming unemployment benefits dropped sharply for the second month running. Sterling hit 1.1512/ £1 against the euro as the claimant count dropped by 32,900 – the sharpest drop since June 1997. Continue Reading…
Topic: Bank of England, Claiming benefits, Currency Exchange, Rates, Smart Currency Exchange, Sterling, Unemployment, US Dollar, USD
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