By Leigh Smith

GBPUSD exchange rates have this morning increased to the tune of 0.5%, decreasing the cost of sending money to America.

On the back of the Dubai crisis, it seems a number of investors have been moving to the ’safe haven’ US Dollar which may have been why we have seen such strength for the greenback of late. The question is, will this morning’s movement for Sterling be sustained or just a short term spike? For anyone looking to transfer UK Pounds to US Dollars getting directly in touch with a broker through the enquiry form could prove a wise move.