FindCurrency.com

By Leigh Smith

The Pound has continued it’s slide this morning, losing 0.6% against the Canadian Dollar, reaching a new two week low in GBPCAD exchange rates.

For anyone that currently requires Canadian Dollars, it may be worth getting in touch with one of our professional currency brokers today as Canada release their unemployment and GDP figures later in the week which are both predicted to show improvements.

By Rob Bastin

The pound has continued its poor run of late with some heavy losses aginst the USD by lunchtime. GBP/USD exchange rates are down by 1% from the morning session, despite a 0.5% recovery from the low of the day. Many analysts have expressed concerns over the value of Sterling as the year comes to an end, with many predicting a continued slide into December. The Canadian dollar is one of the only currencies the pound has gained against this morning with an improvement of 0.45%.

By Michael Vaughan

Sterling has had a mixed day losing heavily against the USD by 1.25% but gaining 0.2% against the CAD. The USD has been the main benefactor of reduced risk followingworries about British banks’ potential exposure to debt problems in Dubai, as sterling is perceived as a riskier asset and the USD more of a safe haven GBP has lost ground.

By Leigh Smith

Today offered the pretence that GBPUSD exchange rates may be quite stable, with it being the US national holiday Thanksgiving Day.

However, as watchers of the currency markets may be aware, exchange rates have a habit of being unpredictable. So far this morning the cost of sending money to the US has become 1% more expensive as new rules that may affect the UKs banker’s bonus’ come into the public eye.

By Leigh Smith

Today could prove to be a volatile day for Sterling with the ONS (Office for National Statistics) releasing their revised 3rd Quarter GDP figures for the UK. With the previous estimate released showing a 0.4% contraction, showing the UK still in recession, all eyes will now be on the figures released today to see if the previous estimate was accurate.

Potentially we could see the figures come out worse than previously, and in turn this may be harmful for the Pound, but similarly if the figures are revised up then some support may be leant to Sterling this morning. Either way, we could be in for some large movements during the morning session. If you don’t want to risk which way the markets may move, get in touch with one of our brokers today who can help you eliminate the risk.