News

So here we are again after a couple of rather good weeks for the British pound.  We have seen gains against most if not all of the main currencies on both previous occasions, so we are in an interesting position this week.

It seems as if it has been a long time since we have been able to say that we had a very good week last time we reported on how the pound was doing.

If there was one thing that made the previous week memorable, it was this – the pound, which had looked weaker anyway, looked weaker still by the time the markets closed back on the 23rd January.

If you have been reading our regular insight into the world of the currency markets, you will know that the previous two weeks we have looked at have given us cause to celebrate.

Have you been checking your currency converter over the past week, taking a look at how the markets have been shaping up?  If you have then you may well be aware of what has been going on already.

There are continually negative reports coming from all quarters – and indeed many countries – as far as the credit crunch is concerned, and this is not helping anyone with regard to their exchange rates.

Well the excesses of the traditional Christmas period are over, although the excesses which led to the credit crunch are still being firmly felt in the currency markets as well as elsewhere.

So here we are into Christmas week, and we have more currency exchanges to get our teeth into. If you remember from our previous report, we had yet more bad news to tell you about.

Last week was certainly a week where we reported highs and lows, but in the end they all evened out to produce losses in many countries for the beleaguered British pound.

So the question this week is whether the second week in December was any better than the first week. It surely couldn't be any worse, after the large number of disappointing results we had last week.