FindCurrency.com

By Rob Bastin

GBP/USD exchange rates dropped back from yesterdays spike with the dollar regaining 0.8% against the pound by afternoons trading. This movement followed the Bank of England inflation report stating that infaltion is likely to remian below the 2% target for some time, causing the pound to drop against all major currencies. GBP/CAD exchange rates were also down by 0.5% by the afternoon.

By Rob Bastin

Sterling dropped across the board during todays trading after poor retail sales data and worse than expected Trade Balance figures. These poor releases outweighed the positive housing data from RICS, although the pound did see healthy gains against the USD of about 1% by close of business, recovering further still from the 9 month low reached yesterday.

By Michael Vaughan

GBP exchange rates have continued to fall against the dollar falling over 0.5% this morning. The USD in particular has benefitted from a ‘flight to safety’ as investors have been moving from riskier assets such as the pound into securer assets such as the greenback.

By Leigh Smith

For anyone looking to buy US Dollars the key data release today is the US non-farm payrolls data that is due out this afternoon at 1.30pm. This shows the amount of people in work in the US excluding the agricultural sector, due to its seasonal variations, and can have a large impact on GBPUSD exchange rates. Quite often the predicted figures (15,000 increase today) are quite wide of the mark so if you have a requirement to buy USD then why not let a currency broker know about your requirement today and have the options available explained to you to eliminate risking the cost of such transfer increase.

By Leigh Smith

Sterling exchange rates have started off the month of February in pretty much the same fashion as January, with significant losses seen on the markets against the majority of major currencies both during yesterday and today’s currency trading.

The cost of buying US Dollars has increased 0.35% yesterday, and a further 0.2% so far this morning, meaning a total of 0.55%, or a difference of nearly $900 on a £100k Dollar purchase.