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By Tom Holian

Sterling has seen small gains against the US Dollar this morning as the US celebrates Bank Holiday.

Later today we have unemployment figures out for the UK and the figure is expected to top 2.5 million, which could have a negative impact on Sterling exchange rates.

By Tom Holian

Sterling rallied yesterday against the single currency by 1.5% following some short term profit taking. The exchange rate are close to a three month high for the currency pairing meaning a few more Pounds when converting Euros into Sterling.

The New Zealand Reserve Bank kept interest rates on hold overnight and prior to the decision Sterling strengthened by 2.5% against the NZD.

By Tom Holian

The Pound has just dropped off this morning in the run up to the announcement of unemployment figures out later today. Indeed, the figures just out confirm unemployment has hit 2.38m
This is after the ZEW comments in Germany yesterday which saw Sterling recover from its previous day losses.

By Tom Holian

The US Dollar continued to strenghten yesterday as oil prices dropped off. The US is the largest consumer of the black stuff and as it’s priced in Dollars if the oil price drops the Dollar strenghtens.

However, the USD has dropped against the single currency as they are announcing a 1 year refi rate with an interest rate offer of 1%.

By Tom Holian

 Hello my Dollar followers. Today the US Dollar has strenghtened by over 1% today following on from some figures out by the TIC. Sterling vs Euro seems to have continued its run of strength. When transferring money overseas why not speak with a currency borker who can help you with the currency transfer.