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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 Trading at 1.68 in Thin Trade

GBP/USD ? Pound Trading at 1.68 in Thin Trade

From Market Pulse FX, 2 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, 3 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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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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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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