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 31st August 2010 USD/GBP – 1.542 Sterling’s movement last week was dictated by risk sentiment as sterling suffered on increased risk aversion at the start of the week but benefitted towards the end of the week due to gains in global stock markets. UK quarterly growth was revised upwards which Continue Reading…
Topic: Bank of England, Currency Exchange, Currency Rates, exchange rates, Rates, Smart Currency Exchange, Sterling, stock market, UK economy, US Dollar, US economy, US stock markets, USD
USD/GBP Rate & Comments for 26th August 2010 USD/GBP – 1.553 Sterling had a fairly quiet day yesterday and remains range bound against the euro and US dollar. With trading volumes still low due to the holiday season any negative surprises could hit confidence in sterling and lead to larger movements than normal. Today sees Continue Reading…
Topic: Bank of England, Currency Exchange, Currency Rates, exchange rates, Rates, Smart Currency Exchange, Sterling, strong prices, strong sterling, UK economy, US Dollar, US economy, US stock markets, USD
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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USD/GBP Rate & Comments for 10th August 2010 USD/GBP – 1.580 Sterling hit a daily high of $1.5998/£1 but slipped away as the pound yet again struggled to break through the $1.60/£1 barrier. Sterling strengthened as the fallout from Friday’s poor US jobs data continued to hammer the US dollar. With many financial options ready Continue Reading…
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