Apr27
By Leigh Smith
For anyone looking to sell US dollars, then now may have just turned out to be a very good time. Early this morning UK mortgage approval figures showed an unexpectedly low figure, followed by better than expected US consumer confidence figures.
The combination of the two releases saw GBPUSD exchange rates fall 1.2%, a difference of nearly £1000 on a transfer of $150,000 back to Sterling.
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Apr09
By Leigh Smith
During the course of this week the Pound has performed well, apart from against the consistently well performing US Dollar.
Today however has been a slightly different story, with both GBPCAD and GBPUSD exchange rates increasing on the back of positive PPI (Producer Price Index) figures for the UK.
You may ask if this run will continue? I’m not entirely sure, with the prospect of a hung parliament sill ever present, I’m sure there will still be room for both sterling strength and weakness over the coming weeks, with the measure of each being the uncertain factor.
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Apr08
By Leigh Smith
Today is interest rate decision day for the Bank of England, and with it widely expected that both interest rates and the central banks quantitative easing package will remain on hold at current levels you may expect not a lot to happen with GBPUSD and GBPCAD exchange rates. However, with the Pound performing well during the course of this week, I personally wouldn’t be surprised to see some further Pounds strength during the course of todays trading.
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Apr01
By Leigh Smith
This morning we have seen sterling’s good run against the US Dollar continue, showing a 0.2% increase in GBPUSD exchange rates during the early hours of trading.
Be aware however, with it being Good Friday in the UK tomorrow, it is not the case the other side of the pond. Friday sees the release of US non-farm payrolls data, something that is usually a big influencer of the currency markets. It may be prudent, if you have a requirement to buy or sell US Dollars, to get in touch with one of our brokers today and let us explain all of the options available to you.
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