Posted by Allison on 3 March 2010, 15:28
So were we in for a similar tale against the Euro? The closing rate here last week was 1.1201, having lost out on a cent and a half. And Monday was no better against the Euro than it had been against the US dollar, as we finished the day on a lowly 1.1029. Once again we saw a small climb the following day to 1.1033, but it wasn’t enough to give us any real confidence in what would happen next.
Posted by Allison on 1 March 2010, 15:22
So let’s start out by focusing on how the British pound fared against the US dollar for the remainder of the week. Our starting exchange rate on Wednesday morning was 1.5424, so the aim was to try and push that up as the week went on. And we did at least get the best start possible with a small increase to 1.5438.
Posted by Allison on 24 February 2010, 09:03
As last week ended we saw a raft of bad results for the British pound. In those last three days of the week we had lost out on nearly three cents against the US dollar, while the loss against the Euro was at least limited to just over a cent. The loss against the Hong Kong dollar was equally troubling at 0.23 over the course of three days.
Posted by Allison on 22 February 2010, 16:22
We’ll start with the US dollar as always, where we will see that the pound finished on 1.5679 on Tuesday night. Wednesday did better as we managed to up things to 1.5795 by the end of the day. But the midweek point turned out to be the high point of the week as well, as the next couple of days’ worth of figures proved.
Posted by Allison on 22 February 2010, 13:21
But how good would our performance be against the Euro? We were starting from a position of 1.1506, and once again Monday started off well as we ended the day on 1.1526. But that initial rise was soon forgotten because by Tuesday evening the exchange rate had gone down to 1.1487.
Posted by Allison on 16 February 2010, 11:06
Last time we saw the pound dip against all five of the major currencies we look at in the first two days of the week. It lost half a cent against the US dollar; nearly a cent against the Euro; 0.041 against the Hong Kong dollar and 0.0167 against the New Zealand dollar.
Posted by Allison on 10 February 2010, 14:34
Welcome back to a new look currency report, which from now on will be issued twice weekly instead of once a week. This report will focus on the changes which took place over Monday and Tuesday of this week; next Monday’s report will then concentrate on what happened between Wednesday and Friday.
Posted by Allison on 8 February 2010, 13:49
The US dollar certainly had the best position so far, and it made us wonder whether there were other losses in the offing. It was certainly the case that we had lost enough in a single day to put the pound on the back foot, and even those miniscule increases since then had shown the dollar was in charge.
Posted by Allison on 2 February 2010, 14:34
Wednesday, the midweek point, can often provide either hope or hopelessness to take through to the remaining couple of days left in the week as a whole. In the case of the pound versus the US dollar last week though, we ended up with a good result. The exchange rate went up to a healthy 1.6226 by the day’s end.
Posted by Allison on 26 January 2010, 13:54
It was a similar story against the Australian dollar as well, as the pound managed to up the exchange rate by 0.0173 all in all. As you can see it really was a good week, but it did make us wonder whether this week would be very different. We cannot remember the last time we had two really good weeks like this consecutively, so let’s take a look now to see whether this week might be the one.