US$/GBP – 1.5964

Sterling had a mixed day today weakening off against the majority of currencies in the morning before strengthening against most in the afternoon. Data out yesterday revealed that the UK posted a slightly larger trade deficit than anticipated. The Bank of England inflation report will be the main focus today as investors look for signs that further quantitative easing could be implemented in the upcoming months. Other data released includes the change in the number of people claiming unemployment benefits; so call in now for the latest quote and a live news.

he US dollar strengthened further still with the markets extremely risk adverse due to speculation of a Greek exit from the euro. A bad day on the data front showed that retail figures had dropped by more than expected and figures depicting the change in the price of goods and services purchased by consumers came in flat. Out today, figures showing the number of new residential building permits issued during the previous month; as well as the Federal Open Market Committee (FOMC) minutes from its most recent meeting will provide some insight on the state of the world’s largest economy. Call in now for a live quote and the latest news.

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US$/GBP – 1.6102 Sterling broke through more resistance yesterday hitting 1.2550 against the euro and strengthened against the majority of other currencies. Trade balance data is the main release on the agenda as the world looks to Europe and the US for influence. Call in now for the latest news and a live quote. The  Continue Reading…

US$/GBP – 1.607 Sterling briefly broke through the 1.2500 level against the euro on Friday morning; before weakening off against the majority of currencies as Nationwide consumer confidence figures released were worse than expected and the change in the price of goods and raw materials purchased by manufacturers dropped by a lot more than anticipated.  Continue Reading…

US$/GBP – 1.6142 Sterling strengthened to fresh highs against the commodity backed currencies as risk aversion drove the market; whilst staying moderately range bound against the euro and weakening off against the US dollar. On the data front, housing price balance data was weaker than expected dropping to a six month low. With very little  Continue Reading…

US$/GBP – 1.6159 Sterling reached a 3 and a half year high against the euro yesterday of 1.2440 as election results in Europe caused yet more uncertainty in the region with the markets shut in the UK. On the data front on Friday, the Halifax House Price Index (HPI) came in much worse than expected.  Continue Reading…