By Tom Higham

The Pound has had a mixed days trading as we have seen over a cent gain against the US Dollar but has fallen by over a cent and a half against the Kiwi Dollar while remaining very flat against the Euro. Positive news for the UK was that the average interest rate charged by lenders had fallen below 5% for the first time since June due to an increase in mortgage competition.

Meanwhile across the Pond the fact that the FED believed interest rates would remain low for some time led to the Dollare weakening and with investors moving funds out of the Dollar and into Gold the dollar weakened further pushing the Pound up resulting in some good buying opportunities on the Greenback.