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By Rob Bastin

GBP/USD exchange rates have dropped by 0.65% as the days trading nears an end. Despite the positive unanimous decision not to extend QE from the Bank of England minutes, the dollar was still able to make gains agaisnt the pound as it found continued strength from the weakening Euro and positive Industrial Production figures that werebetter than forecast.

By Rob Bastin

After comments that Greece will not need bailing out, the Euro has strengthened by 1.25% agaisnt the USD, with the dollar dropping against Sterling by 0.7% towars the end of the day. The pound has traded fairly flat today with inflation figures out as expected this morning at 3.5% and as investors await tomorrow Bank of England minutes for an inidcation as to the likelihood of future quantitative easing. Unemployment figures a 9:30am will also be key for Sterling exchange rates.

By Michael Vaughan

Sterling has had a slow start to the weak falling against the US and Canadian Dollar this morning following a strong end to trading last weak.

Much of the focus for trading will be the Bank of England minutes released on Wednesday at 09:30 to give the market an insight as to what the Bank has in store with interest rates. Expect volatility following this release.

By Leigh Smith

The Pound has continued its good run of form from yesterday afternoon into this morning, strengthening by around 0.2% against both the US Dollar and Canadian Dollar. Massive amounts of snow affecting the US economy has been quoted as part of the reason for this Sterling exchange rate run we have seen over the past 24 hours.

By Leigh Smith

The cost of buying foreign currency, be it Canadian Dollars, US Dollars or any other majorly traded currency, has increased so far during this morning’s trading. GBPCAD exchange rates have fallen by over 0.5% during the opening hours of trading.

Focus may also be on data releases due out from the US, with the poor weather engulfing most of the US east coast, a number of data releases have been postponed; for example retail sales figures. This could turn the focus for GBPUSD exchange rates back onto Sterling which is already on a poor run of form.