Pound Touches Highest Against US Dollar In Six Weeks, As US Economy Stalls

Pound Touches Highest Against US Dollar In Six Weeks, As US Economy StallsSTERLING REBOUNDS! The pound has touched its highest point against the US dollar in six weeks recently, or since the 20th of February, at 1.5363. This is because the US dollar has sunk, as the US creates just 88,000 jobs in March. To put this into context, sterling was as low as 1.4832 on the […]

US Dollar Hits 20-month High Against UK Pound, As UK Loses AAA

US Dollar Hits 20-month High Against UK Pound, As UK Loses AAABy Peter Lavelle THE GREENBACK makes the touchdown! The US dollar rose to its highest point against the pound in 20 months last month, or since July 9th 2010, at 0.6618. This is because credit rating agency Moody’s has stripped the UK of its prestigious AAA credit rating, citing “continued weakness in the medium-term growth […]

Pound Wobbles As UK Ends 2012 On A Low Note

Pound Wobbles As UK Ends 2012 On A Low NoteBy Peter Lavelle MUCH AS I hate to be the bearer of bad news, it’s hard to put the UK’s economic performance for the last month of 2012 in a good light. For instance, take the services sector, which accounts for three quarters of economic output in the UK. This shrunk for the first time […]

Will The Pound Rise In 2013?

Will The Pound Rise In 2013?By Peter Lavelle If you’re a Brit living in the United States, chances are you’ve had to transfer money between the two countries at some point, in which case the exchange rate is clearly important to you. Given that, how has the pound performed in the last month, and what might happen the next? This […]