FindCurrency.com

By Michael Vaughan

GBP exchange rates have strengthened over 0.5% against the USD and held steady against the Canadian Dollar. Sterling has found support following Standard and Poor’s, the credit rating agency, confirming the UK has held its AAA rating.

Other data today was mixed for GBP exchange rates with mortgage approvals falling to a nine month low but mortgage lending and consumer credit lending on the up.

By Rob Bastin

GBP/USD exchange rates hit a 3 week low today dropping by 1.10% after the UK budget report. The dollar was also benefitting from a flight to safety from a broadly weaker Euro during Wednesday’s trading. Losses against the CAD where slightly less damaging at 0.15% but GBP/CAD exchange rates continue to breach new record low levels.

By Rob Bastin

GBP/USD exchange rates finished the day down by 0.4% after a volatile days trading. Official figures confirmed inflation levels in the UK at 3%, just below analysts forecasts and if anything the pound lost ground against most major currencies after this release. UK mortgage approvals where however up to 35.2k in February, better than the forecasted drop o 34.2k. The markets will now be eagerly awaiting the chancellors budget report to be announced tomorrow

By Leigh Smith

Sterling has reverted back to its recent form during this mornings early trading, showing losses of just over 0.3% against both the US and Canadian Dollar. This seems to be in preparation for UK mortgage approval and Money Supply figures due to be released at 9.30am this morning.

By Rob Bastin

GBP/USD exchange rates peaked at a 3 week high on Wednesday morning after better than expected unemployment figures for the UK. The Bank of England minutes also boosted Sterling exchange rates after they confirmed that the decision 2 weeks ago not to extend their assest purchase programme was unanimous with a vote of 9-0. Public sector net borrowing figures tomorrow moring at 0930 GMT will be next point of focus for the UK.