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By Michael Vaughan

Sterling has had a mixed day against the dollar strengthening against the CAD but falling heavily against the USD. Sterling has fallen from three month highs against the USD as a move away from riskier assets appears to be hurting the pound. With the USD being perceived as a less risky asset you tend to find dollar rates perform well under cautious trading.

By Leigh Smith

Yesterday afternoon we had the US Department of Labor release their CPI figures for October, and against a predicted figure of 0.2%, the actual figure came out at 0.3% increase. CPI is a key indicator of inflation and therefore was seen as positive for the US economy, leading to GBPUSD exchange rates falling during the afternoon’s trading.

Similarly the trend has followed on this morning, with the cost of sending money to America increasing by 0.5%. If you have a currency requirement at the moment, feel free to submit an enquiry and one of our experienced award winning currency brokers will be in touch to explain the savings you could make.

By Leigh Smith

Today hold’s key data for both the US and Canada, in the form of CPI (Consumer Price Index) figures released for the US at 13.30, just after Canada’s figures at 12noon.

CPI is a key indicator of inflation in an economy, and generally inflation is controlled by interest rates. If inflation is high, then a country may increase interest rates to slow it down, similarly, if inflation is low a country may cut interest rates to encourage spending. High interest rates tend to attract investors to a currency and therefore strengthen it, therefore all eyes this afternoon will be on these data releases.

If you have an upcoming requirement to send money to the US or Canada, then it may be wise to get in touch with a broker this morning to discuss the options available to you.

By Rob Bastin

Sterling has enjoyed another good day on the markets as data this morning confirmed that consumer prices index rose to 1.5% from 1.1% last month. GBP/CAD exchange rates were up by 0.75% at 2pm but one of the only major currencies where Sterling was losing ground was agaisnt the dollar. The pound was down by 0.15% on the day as net TIC flow figures for the US came out much better than expected. Despite this drop the pound is still trading at close to a 15 week high against the greenback.

By Leigh Smith

Yesterday afternoon, the US Federal Reserve Chairman Ben Bernanke gave his monthly address to the public, explaining how the Fed currently sees the US economy and the value of the US Dollar.

Bernanke stated that interest rates in the US were likely to remain low for ‘an extended period’. On the back of this we saw GBPUSD exchange rates move to near on a 3 month high, making sending money to America cheaper. If you have a requirement to exchange Pounds for US Dollars, it may be prudent to get in touch with a specialist currency broker now, as exchange rate spikes are often seen to be short lived.