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The last time we caught up with the pound’s status against the US dollar, we had a figure of 1.5580 to close out the week with. The first week in October gave us some interesting facts to mull over, as the pound lost ground to end on 1.5308 by Thursday evening.

The last time we caught up with how the British pound was doing against the US dollar, the exchange rate was 1.5395. So would this be on the up or on the way down for the last few days in September?

Now to the Euro, and it is facing unprecedented problems at the moment. We last left the pound on 1.1471 and it started the week well by lifting to 1.1519. But this would be as good as things got, and the pound struggled to maintain this level and dropped to 1.1463 by Tuesday evening.

The last time we caught up with the pound and how it was doing against the US dollar it had garnered an exchange rate of 1.5956. But things changed rather rapidly during the new week, with a closing rate on Monday of 1.5876.

At the end of last week the pound was worth 1.6219 against the US dollar. It very soon started slipping back, falling to 1.6142 by the end of Monday night. By the close of play on the 7th it was at 1.5986, and even though it recovered slightly on the 8th it fell back once again to close out the week on its lowest exchange rate of 1.5956.

Thanks to the situation in the Eurozone at the moment, the main topic of discussion in various news reports and articles is whether the Euro itself will survive. It is impossible to say what will happen but the overall trend does not look good.

Last week we saw the British pound close things out on a healthy 1.6541. But disappointingly that would turn out to be the best rate of the week. After the start it was downhill virtually all the way.

So let’s start in the usual way by seeing how the pound did against the US dollar last week. The starting rate was 1.6260, and thankfully it was one of those weeks where everything went right for the pound.

Last week we saw the pound finish on 1.6287 against the US dollar. By the end of day one this had risen to 1.6367. But this would turn out to be a week when the best results were achieved early on, and we didn’t get any better than this at any point.

So here we are in the first trading week of August, and the pound had a 1.6299 start to trade with against the US dollar. We had an initial jump to 1.6389 but it soon became clear that we were in for an up and down week.