News

So here we are back with some determination and the desire to actually do well again this time around, as far as the British pound is concerned. And after last week we do have the impetus within us to hope for another round of good results, don’t we?

So here we are again with another look at the weekly currency markets. We lost a small amount of ground against the US dollar and gained an equally small amount against the Euro last time around, so we’re interested to see how things went last week. This would be the first week after the prolonged Easter weekend, which meant that once more we were looking at a short week of just four days for the most part.

We have a short week to report on this time around, because of the Easter holidays. There is no trading on Good Friday but you can be assured that even though we only had four days in the week last time, we packed plenty into those four days!

It is becoming rather demoralising to report on the pound’s struggles each week. We are constantly looking for signs of an upturn in the pound’s fortunes, and each week we are met with the reality that it just doesn’t seem to be happening.

Last time we saw that we had experienced a bit of a mixed week as far as the performance of the pound was concerned. Out of the five main currencies we put the British pound up against we managed to gain ground over just two of them. We’d gained over four cents against the mighty US dollar and 0.326 over the Hong Kong dollar.

If you read our weekly report last time around, you will remember that we didn’t have much good news at all to report. We always look at five major currencies, and while we dropped back against all of them we saw a major drop against the New Zealand and Australian dollars.

And at the moment we have certainly seen a lot of bad news coming out of the UK, which is why the pound has been struggling so much.

Has another week gone by already?  Indeed it has, and after the results we saw in last week’s report we are hoping to have better news to share with you this time around.

We’ve had both good and bad weeks in the past as far as our currency exchange rate is concerned.  But last week in this report we saw that a mixed bag of results is also very possible.

Last week we saw that the latest set of currency exchange rate figures left us with mixed feelings.  On the down side there were some losses to contend with against the major currencies.