Good news for the British pound this week as it did well against the US dollar. It also gained against the Euro, but would it be able to repeat the same trick against the Hong Kong dollar as well?
Summary of Currency Markets for February 6th – February 10th 2012
The last time we looked to see how the pound was doing against the US dollar, it was sitting on 1.5813. The new week saw an immediate drop to 1.5749, but it then perked up a little and climbed to 1.5897 by Wednesday.
Summary of Currency Markets for January 30th – February 3rd 2012
The opening rate against the US dollar this time around was 1.5707. Hopefully we could improve on that but the initial signs weren’t good as the pound dipped to 1.5685. Luckily that would turn out to be the worst part of the week, as the pound bounced back up to 1.5777 the following day.
Summary of Currency Markets for January 23rd – January 27th 2012
The last time we caught up with the pound versus the US dollar it was worth 1.5471. The first day of this new week seemed to indicate good things as it improved to 1.5565. But was this merely a good start that didn’t go much further, or would it be the beginning of a good week?
Summary of Currency Markets for January 16th – January 20th 2012
The last time we caught up with the pound against the US dollar, we had an exchange rate of 1.5327 to contend with. This was lower than the rates experienced earlier in the month, so could we improve on it now?
Summary of Currency Markets for January 9th – January 13th 2012
There was little movement on day one, but what there was saw it drop to 1.5446. If this was a clue to what would happen during the rest of the week, we were mistaken to begin with, at least. The 10th saw it bounce up slightly to 1.5464.
Summary of Currency Markets for January 2nd – January 6th 2012
Let’s see how the pound got started against the US dollar first of all. It began with an exchange rate of 1.5490 and by the 3rd January it had risen to 1.5583. This was encouraging but it was also the highest rate we would see for this week.
Summary of Currency Markets for December 26th – December 30th 2011
The last time we left the British pound up against the US dollar we saw it on 1.5672. So how would the festive season bear up for the currency? It went up marginally on the 27th, improving to 1.5679.
Summary of Currency Markets for December 19th – December 23rd 2011
The starting rate for the pound versus the US dollar was 1.5542. Things dropped slightly on Tuesday as they fell to 1.5526, but one day later we were back up to 1.5623. Indeed it seemed as if the bad news happened early as we were able to finish the week on an encouraging 1.5672 overall.
Summary of Currency Markets for December 12th – December 16th 2011
The last time we caught up with the British pound against the US dollar it had an exchange rate of 1.5687. Things did not start well in the new week though, as the pound had fallen to 1.5575 after two days of trading.