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The Pound had a tough week across the board during the course of last week’s trading, the Pound fell to a two week low against the US Dollar. For anyone who may have been looking to send money to the US, the spike witnessed at the start of the week was seen to be short lived, as often these exchange rate movements can be.

The main reason for such Sterling weakness was concerns over UK’s fiscal health. On Thursday, data confirmed that UK public debt had risen twice as much as expected.