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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.