Smashing through the doubts of a fortnight ago, the Pound crashed through U.S. Dollar this morning, hitting a massive $1.5447 – the highest it has been for three months! The Euro fared no better against Sterling either, as the Pound shot up to €1.194, marking a truly fantastic rise in strength for the British currency.
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Recession Continues To Hold Pound Down Against US Dollar
July 12th, 2010
After an impressive leap from $1.48967 to $1.52009 in around 36 hours at the start of the month, where it stayed for around a week, the Pound has starting to decline against the US Dollar again – back to $1.49743 at 09:15 this morning.
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Pound Finds Its Feet as Euro Continues to Stumble
May 31st, 2010
Despite concerns about the Pound suffering under a coalition government, the Bank Holiday weekend has seen the UK currency strengthen against the Euro and both the U.S and Australian Dollars, as well the rest of the world’s most traded currencies. After the recent stabilisation of the stock market, the strengthening of the Poud is considered partly due to investors being willing and able to take more risks.
