USD/GBP Rate & Comments for 30th July 2010
USD/GBP - 1.562
Sterling hit a further 5 month high of $1.5660/£1 yesterday on speculation over month end ‘rebalancing’ after strong performances on the US stock market. Strong earnings from many US firms over the last week has left many analysts expecting investors to sell their US dollar share holdings, putting pressure on the US dollar. Sterling also broke through a key technical barrier on the graph this week, breaking through the 200 day ‘moving average’, which is a strong positive signal for sterling. In terms of data, house prices and lending data in the UK disappointed, which serves as a reminder that the UK is not quite out of the woods yet. There is little or no data out today for the UK – call in now for a live exchange rate.
In the USA, unemployment claims came in as expected with 457,000 people claiming unemployment benefits last month. With weak US data and relatively strong UK data, some analysts have been predicting prices above $1.57/£1 as the next realistic level. However, this is not expected to last long, as the effects of the long awaited ‘fiscal squeeze’ have yet to be seen and this is likely to impact on the price of the pound moving forward. Out later today, US GDP is the key piece of data and it is expected to show that the pace of the US recovery is slowing. Call in now for a live price to ensure you don’t miss 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.
Friday, 30 July 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