Sep28
Big movement for Sterling Dollar rate today?
The Sterling Dollar rate opened at 1.5823 today, and whilst the Pound is up against most currencies it has already lost 0.2% against the Dollar.
With UK GDP figures to be released at 9.30 the tone will be set for the day as the Pound is likely to see across the board gains or losses.
US Consumer Confidence and Home Price Indices are set to follow the UK data and could further move the market. After a relatively quiet start to the week I wouldn’t be surprised to see the market kick-started with some volatile movements today.
With poor Sterling figures out of late, a worse than expected GDP figure could be very worrying for what can only be described as a delicate Pound at present. With the global economy in a difficult position it is vital you keep in close contact with your Currency Broker in order to try and make the most out of your Currency Transfer.
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