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By Rob Bastin

GBP/USD exchange rates have dropped by 0.65% as the days trading nears an end. Despite the positive unanimous decision not to extend QE from the Bank of England minutes, the dollar was still able to make gains agaisnt the pound as it found continued strength from the weakening Euro and positive Industrial Production figures that werebetter than forecast.

By Rob Bastin

After comments that Greece will not need bailing out, the Euro has strengthened by 1.25% agaisnt the USD, with the dollar dropping against Sterling by 0.7% towars the end of the day. The pound has traded fairly flat today with inflation figures out as expected this morning at 3.5% and as investors await tomorrow Bank of England minutes for an inidcation as to the likelihood of future quantitative easing. Unemployment figures a 9:30am will also be key for Sterling exchange rates.

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 Rob Bastin

A host of data saw the pound gain ground against most major currencies on Tuesday with the expception of the US Dollar. Better than expected data from across the pond matched the stregth of Sterling during todays trading however a large sell-off of Euro/Dollar position saw the pound gain against the weakening Euro and lose against the strengthening pound. Concerns in the euro-zone have arisen after Greece had its credit rating downgrading, which has caused investors to start moving money out of the Euro, and back into the safe haven of the dollar, a trend that will be expected to continue in the mid term.