Posted by Allison on 24 March 2009, 09:49
It's always interesting to see whether the British pound can put up a reasonable fight against the US dollar, and in recent weeks it has certainly had its moments.
Posted by Allison on 24 March 2009, 09:48
Last week was another good one as the pound stood up to the US dollar and more than held its own, so we were looking to the end of July to see whether things would continue in that vein or whether they would start to go in the opposite direction.
Posted by Allison on 24 March 2009, 09:47
We have seen in previous weeks that the pound has been standing up well against some other major currencies around the world at times, while at others it seems as if nothing can keep it from tumbling.
Posted by Allison on 24 March 2009, 09:46
As we saw last time the results we something of a mixed bag as far as the British pound was concerned; it did reasonably well against some currencies but struggling when it went up against some of the others, such as the Euro for example.
Posted by Allison on 24 March 2009, 09:45
Monday saw a finishing exchange rate of 1.2558 against the Euro, representing a slip which the Brits certainly hoped wasn't going to last.
Posted by Allison on 24 March 2009, 09:44
Considering the rather lacklustre performance it had put in over the course of the previous weeks, you would have been forgiven for thinking that the trend was going to continue.
Posted by Allison on 24 March 2009, 09:42
In the previous week we saw the pound really struggle against the US dollar, peaking and falling as the week went on. Last week saw a very different picture, and the good news was that it finished strongly.
Posted by Allison on 24 March 2009, 09:41
The pound had a turbulent week against the US dollar, starting off at 1.9635 on Monday 16th June. The very next day it slipped back to 1.9482 though, highlighting fears that the pound could be starting to weaken.
Posted by Allison on 24 March 2009, 09:40
If you remember, last month was all about the uncertainty that we are all feeling with regards to interest rates, the economy and the lack of strength that was evident with a lot of currencies, not least the US dollar.
Posted by Allison on 24 March 2009, 09:39
The dollar began the month at around $1.56 against the Euro, and after a slight drop in value to the 3rd April it rallied to a high for the month of around $1.59 on the 16th. It then dipped again before regaining the $1.59 position on the 22nd and 23rd.