www.currencyline.co.uk

By Tom Holian

Sterling fell against the US Dollar this morning following the devastating news from the European Elections, the worst results for approximately 60 years. The Dollar continues to strengthen as confidence moves away from the Pound and into teh safe haven of the Dollar.

By Tom Holian

The USDollar has weakened further this week and is predicted to continue. Exchange rates for the GBP vs USD appear to be at eight month highs creating fantastic buying opportunities for those sending money overseas. GBP Euro also looks set to break through 9 month highs too!

By Tom Holian

The US Dollar has weakened overnight against Sterling and Euro. Sterling seems to be strengthening this morning against all the major currency pairs in expectation of the UK CPI & RPI figures out this morning at 930am. If we see some positive results we could see the Pound’s exchange rate continue to go up!

By Tom Holian

10 of the top 19 US banks have failed their stress tests overnight and US regulators have had to increase lending to them all. Bank of America is the most at risk, needing an additional $33.9bn.  However, owing to the Bank of England looking to increase quantitative easing Sterling has fallen.

By Tom Holian

Hello Davey here,

Those swines in Mexico have got the markets reacting this morning. We are seeing the US Dollar strengthening against the Pound following the news. Out later this week Mortgage Applications for the US and House Price Data for Nationwide.