Posted by Allison on 18 January 2010, 14:35
It’s always good to kick off a fresh week with a positive result, and that is thankfully what we managed to do this time. By the end of some brisk trading on Monday, the British pound had managed to up its game to finish on an exchange rate of 1.6161 in the evening. This meant we had added on a total of 0.0185 in just one day of trading – nearly two cents already and still four days of trading to go.
Posted by Allison on 11 January 2010, 14:08
Let’s find out what happened. In actual fact we didn’t get started on the right foot at all, kicking off with a loss to start 2010 with. By the time Monday night rolled around the pound was worth 1.6142 US dollars, having lost out on 0.0079 overall. Could we chalk this up to a slow start and forget about it by the end of the week, or was it a sign of more to come?
Posted by Allison on 5 January 2010, 15:51
The close of the previous week against the US dollar saw the pound claiming an exchange rate of 1.5983. And when the markets returned on the following Monday there was very little difference in that rate by the end of the day. The pound dropped back slightly but the difference was thankfully only very slight. The closing exchange rate was 1.5980 – a small difference of just 0.0003. Could we keep the changes this small if they were going to be bad ones, or would they eventually go in our favour?
Posted by Allison on 4 January 2010, 14:15
So here we go with the first look at the first currency pairing for this week – and this is the pound going head to head with the US dollar. The final exchange rate from last time was 1.6163, after having dropped just over another cent against the American currency. We hadn’t had a good couple of weeks against the dollar here, so could we do anything to make Christmas week one to remember?
Posted by Allison on 22 December 2009, 15:52
If we were hoping for a good strong start to the week our prayers went unanswered. The first blood went to the US dollar in the end, and the pound sank back to 1.6263 as a result. Did this mean the week would turn out to run along much the same lines as the week before, or would we be able to pull our socks up and end the week in much better fashion to how we had started it?
Posted by Allison on 14 December 2009, 15:14
Obviously we were looking for a good start and another successful week all in all, but Monday didn’t exactly give us a lot to be excited about. In fact it sent things in completely the opposite direction. We ended up with an exchange rate of a much lower 1.6338 at the end of the day. That was a huge single day loss for the pound and it didn’t bode well for what the rest of the week might have in store.
Posted by Allison on 10 December 2009, 12:21
Well we always hope for a good start to the week but we don’t always get it. This would prove to be an exception though, as by the end of Monday evening the British pound had upped its game to a healthier 1.6480. The question was whether we could keep that up and claim an even better exchange rate by the end of the week.
Posted by Allison on 1 December 2009, 11:38
So our first stop as per usual is America and the US dollar. It certainly got the better of the British pound last time, leaving us a little over two cents lower than we had started the week, on 1.6476. Could we improve on that and grab back some of those two cents?
Posted by Allison on 23 November 2009, 15:16
If you remember from last time, we were looking to see if the British pound could achieve something in the region of a $1.66 exchange rate against the US dollar by the end of the week. And this it did, as it managed to snag a rate of 1.6682 at the close of play on Friday evening. But where would we end up just one week later? Could we press for an exchange rate of $1.67 since we were so close to it for starters?
Posted by Allison on 16 November 2009, 15:59
Well Monday evening brought a result that was perhaps rather surprising. By the time the markets closed and trading was over for the day, the pound was standing at 1.6767. So not only had we managed to achieve the $1.66 we had hoped for, we had smashed right through it. The only point to think about now was whether we could hang onto that achievement throughout the rest of the week.