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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 Hits 4-Year High Against Dollar

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

From Market Pulse FX, yesterday 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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GBP/USD ? Pound Slightly Lower As US Unemployment Claims Dip

GBP/USD ? Pound Slightly Lower As US Unemployment Claims Dip

From Market Pulse FX, 1 weeks ago Similar articles

The British pound has edged lower on Thursday, as the pair trades in the high-1.67 range in the North American session. In the UK, there were no changes to the BOE Asset Purchase Facility or Official Bank Rate. In the US, Unemployment Claims looked sharp, beating the forecast. There were no surprise from the Bank of England on Thursday, which maintained the QE and interest rate levels for April. QE remains at 375 billion pounds, while interest rates will stay at 0.50%. There has been...

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GBP/USD ? Steady Ahead of Fed Minutes

GBP/USD ? Steady Ahead of Fed Minutes

From Market Pulse FX, 1 weeks ago Similar articles

The US dollar sustained sharp losses against the pound on Tuesday, but is steady in Wednesday trading. The currency is trading in the mid-1.67 range in the North American session. On the release front, British Trade Balance showed improvement in March and beat the estimate. In the US, today’s highlight is the release of the minutes of the Federal Reserve’s last policy meeting. We could see some movement from the pair following the release. The UK trade deficit narrowed in March,...

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EXCHANGE RATES

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

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