USD/GBP Rate & Comments for 22nd April 2010
USD/GBP - 1.543
Sterling hit a 2 month high against the euro as the number of people claiming unemployment benefits dropped sharply for the second month running. Sterling hit 1.1512/ £1 against the euro as the claimant count dropped by 32,900 – the sharpest drop since June 1997. The pound rose against the US dollar on the data too hitting $1.5437/ £1 at one point. The strong data released over the last few days has prompted traders to speculate that the Bank of England would look to raise interest rates towards the end of the year. Many were wary of following the pound any further due to the political uncertainty in the run up to the election. Out today, we have public sector borrowing which is expected to increase in line with the Chancellor’s forecasts. In addition there is monthly retail sales data which is expected to show a slight decline following last month’s 2.1 % jump. Given where we have come from it is great time to buy US dollars and euros. Get in touch now for a price.
In the USA, there was little data out yesterday and as a result the US dollar traded on risk appetite. With the strong UK fundamental data, the US dollar fell against the pound as investors moved into ‘riskier’ sterling denominated assets. It is a relatively good time to look at buying US dollars – call in now to avoid the price dropping back down and missing out.
Exchange rates change every second - call Smart Currency Exchange for a live up-to-the-minute quote. For individual requirements, visit the SmartCurrencyExchange.com website and for companies visit the SmartCurrencyBusiness.com website.
Thursday, 22 April 2010
Subscribe to:
Post Comments (Atom)
Weekly Update on GBP, EUR, USD & Commodity-Backed Currencies
Smart Resources
SMART RESOURCES FOR INDIVIDUALS
Free Reports - Make sure to collect your copy!
For overseas property buyers: "Why Overseas Property Buyers Lose Money... and how YOU can avoid it" Get the report here!
For anyone relocating from the UK to another country: "How you could save £20,000 when relocating from the UK to any overseas location!" Get the report here!
Currency Quotation
Are you interested in a currency rate for euros, US dollars or any other currency? If so, please fill out our Smart quotation form.
Smart Articles (For Clients & Press)
Read recent articles published in a variety of publications or request information on our Smart Press page.
Main Smart Currency Exchange Website (for individuals)
Get information on all the Smart services, educational resources and access to our FAQ's plus much more! Visit main website here.
SMART RESOURCES FOR COMPANIES
Currency Report
Have you read our 10-page Currency Report 'Why UK businesses unknowingly lose £££'s on making and receiving international payments...And what they can do to avoid it!" Get the report here!
Currency Quotation
Are you interested in a currency rate for euros, US dollars or any other currency? If so, please call 0808 163 0102 fill out our Smart quotation form.
Smart Articles (For Clients & Press)
Read recent articles published in a variety of publications or request information on our Smart Media page.
Main Smart Currency Business Website
Get information on all the Smart services, educational resources and access to our FAQ's plus much more! Visit main website here.
Disclaimer
Exchange rates can move very quickly. The above rates are valid at a moment in time. We have no crystal ball and we recommend that if an exchange rate works for your budget then don’t wait for an even better exchange rate - Murphy’s Law says the rate will go against you and cause you maximum pain! Suggestions should not be taken as advice or fact.
© 2005-2010 Copyright Smart Currency Exchange Ltd THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS).
No comments:
Post a Comment