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Sterling Outlook - What's Influencing Forex Movements in the UK?

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The UK National Statistics Office has reported that overseas spending by British holiday makers has dropped by 10%. However, at the same time, spending in the UK by foreign tourists has increased by 4%.Read More >

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GBP/USD ? Pound Moves Higher Despite Solid US Numbers

GBP/USD ? Pound Moves Higher Despite Solid US Numbers

From Market Pulse FX, today Similar articles

GBP/USD has posted gains on Tuesday, pushing past the 1.68 line. In the US, Existing Home Sales remained steady and the Richmond Manufacturing Index surged in March. As well, the House Price Index, a minor indicator, met expectations. There are no British releases on Tuesday. US Existing Home Sales has been on a long downturn, reflecting trouble in the housing sector. The key indicator edged lower in March, dropping to 4.59 million, down from 4.60 million a month earlier. However, it did...

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GBP/USD ? Pound Trading at 1.68 in Thin Trade

GBP/USD ? Pound Trading at 1.68 in Thin Trade

From Market Pulse FX, 4 days ago Similar articles

The British has edged higher on Friday, as the pair trades at the 1.68 line early in the North American session. GBP/USD has settled down after hitting four-year highs on Thursday. On the release front, there no US or British events scheduled for Good Friday. In the US, Unemployment Claims rebounded sharply, as the key indicator dropped to 300 thousand last week. This beat the estimate of 316 thousand and marked the lowest reading since May 2007. With the Federal Reserve looking to trim its...

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GBP/USD ? Pound Hits 4-Year High Against Dollar

GBP/USD ? Pound Hits 4-Year High Against Dollar

From Market Pulse FX, 5 days ago Similar articles

The British pound remains firm on Thursday, as the pair trades above the 1.68 line in the North American session. GBP/USD touched a high of 1.6842, its highest level since November 2009. On the release front, US releases had a solid day. Unemployment Claims beat expectations while the Philly Fed Manufacturing Index was up sharply, hitting a six-month high. There are no British releases until next week. In the US, Unemployment Claims rebounded sharply, as the key indicator dropped to...

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EXCHANGE RATES

1 GBP = 1.221 EUR
12.53 ZAR - South African Rand
2 SGD - Singapore Dollar
1.469 CHF - Swiss Franc
1.542 AUD - Australian Dollar
1.599 USD - U.S. Dollar
12.406 HKD - Hong Kong Dollar
1.581 CAD - Canadian Dollar
1.455 CHF - Swiss Franc
1.515 AUD - Australian Dollar

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