The British pound sterling (Currency:GBP) has strengthened through the course of Monday; however the currency is unlikely to trade into fresh territory ahead of the busy week that lies ahead.
This is supportive of ETFs like the Betashares British Pound ETF (ASX:POU) and the Currency Shares British Pound Sterling Trust (FXB), and these trends look set to continue.
The British pound sterling (Currency:GBP) is looking strong today in Thursday afternoon trade in London. The pound to euro exchange rate is 0.18 pct higher at 1.1845.
The pound dollar exchange rate has taken a battering in late play in London. GBP/USD is 0.64 pct down at 1.5170. "The US dollar pushed higher against the other major currencies on Friday, as strong U.S.
The Pound Sterling Live - The Heart-Beat of the British Pound. The British pound sterling live on Thursday: GBP rallies against the US dollar as US data releases miss the mark · Email.
Please Note: The above are quotes from the inter-bank market. When passing on their retail rates banks will ADD their own discretionary spread, driving up the cost of currency.
The Pound could strengthen further later in the session as analysts await the Bank of England's quarterly report of economic analysis and inflation projections.
The British pound sterling (Currency:GBP) is mixed today - at present there is little by way of GBP-specific action for traders to focus on so the wider themes surrounding the Yen, Aussie dollar and US dollar are driving markets at present.
The British Pound has advanced against the majority of its peers after data showed that the nation's dominant services sector recorded its strongest rate of growth in April since last year's Olympic Games.
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