The British pound sterling (Currency:GBP) continues its trend lower towards 1.50 against the US dollar; but there are some gains to be had today against the Australian dollar.
The British pound sterling (Currency:GBP) has strengthened through the course of Monday; however the currency is unlikely to trade into fresh territory ahead of the busy week that lies ahead.
The British pound sterling (Currency:GBP) took a big hit yesterday after UK inflation declined by more than expected; analysts are now seeing weaker inflation in their forecasts which leaves room for more GBP-negative quantitative easing at the Bank of ...
Medium term momentum has become supportive of sterling (despite the recent short-term setback) and also for CAD which at the same time saw an increase in 2Y swap rates on a monthly basis.
Please Note: The above are quotes from the inter-bank market. When passing on their retail rates banks will ADD their own discretionary spread, driving up the cost of currency.
The US dollar has slipped back against the pound sterling on the back of a slew of weaker-than-forecast data releases. GBP/USD is 0.33 pct higher 1.5286.
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