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Yesterday UK unemployment figures fell for the first time in 18 months. The number of people unemployed actually fell by 7,000 jobs taking the total figure to 7.8% against a predicted rise to 8%. This caused the recent good run for Sterling exchange rates to continue against the majority of major currencies, apart from for GBPUSD exchange rates.

The cost of buying US Dollars actually increased yesterday by 0.5% on the back of decreased investor confidence in the Pound and a shift back to the ‘safe haven’ Dollar. This movement has continued so far into Thursday’s trading.