FindCurrency.com

By Leigh Smith

Yesterday GBPUSD currency exchange rates hig a new 6 month high, bringing about excellent opportunities for when buying US dollars.

An increase in investors risk appetite, coupled with speculation of a double dip recession the other side of the pond have been reasons cited for this improvement in dollar exchange rates. If you need to buy US dollars then why not submit a quick enquiry today and one of our experienced brokers will contact you to explain how to achieve the very best dollar exchange rate.

By Leigh Smith

Good news for anyone looking at buying US dollars this morning as GBPUSD exchange rates have increased by 0.6%. This follows on from last weeks movements where the Pound continued its run of good form against a broadly weaker dollar.

Poor GDP data for the US has brought about speculation of a double-dip recession the other side of the pond and in turn the dollar has fallen against the majority of currencies. If you have a requirement to buy USD then it may be worth submitting an enquiry today before the markets have the chance to take away what is now the best dollar exchange rates for 5 months.

By Leigh Smith

This morning, as previously mentioned, the ONS released the UK 2nd quarter GDP figures. Expectations were for an increase to 0.6%, figures showed GDP actually rose by 1.1% however and Dollar exchange rates have reacted accordingl.y Since the release at 9.30am GBPUSD rates have increased 0.6%, or 1.1% for the day, and GBPCAD rates have increased 1.25% for the day.

Next week however we have house price data for both the UK and US, so if you are looking at buying US Dollars it may be prudent to take advantage of the current high levels before any negative figures have the chance to take effect.

By Leigh Smith

Good news for anyone looking to buy US Dollars this morning, with sterling Dollar exchange rates increasing by 0.3% during the open of the day.

The Bank of England minutes are released in 20 minutes or so, so all eyes will be on how many, if any, members of the MPC have voted in favour of an interest rate hike. If more than June’s 1, Andrew Sentance, then expect to see the movements seen this morning continue through the course of the day and the sterling Dollar forecast looking slightly more promising.

By Leigh Smith

Surprising movements have been seen on the currency markets today as prices haven’t reflected the new interest rate hike seen for Canada this afternoon.

The Bank of Canada today raised rates 0.25% to 0.75%. According to analysts however, this had already been completely priced into the markets as it looked so much of a certainty therefore had little affect. However, the central bank did downgrade their growth forecast for the remainder of 2010 and the markets have reacted, sending GBPCAD exchange rates 0.2% up for the day from a day low of 0.4% down.