US Dollar fell against rivals

Pound Sterling

The Pound has so far managed to avoid dropping against the US Dollar and Euro despite a report detailing a six-month low in consumer confidence. According to GfK NOP Ltd research group, sentiment fell from minus 28 in September to minus 30 in October. Although no further UK data is scheduled for today economists expect tomorrows Manufacturing PMI figures to show a decline. If this prediction proves accurate it could see the Pound post losses against its peers.

The Pound is presently trading against the Euro in the region of 1.2398 and is trading against the US Dollar in the region of 1.6108

US Dollar

After the safe-haven Japanese Yen was bolstered by the announcement of a round of monetary easing and upbeat news from the Eurozone increased the attractiveness of higher-yielding assets the US Dollar fell against the majority of its competitors.

The US Dollar is presently trading against the Pound in the region of 0.6210 and is trading against the Euro in the region of 0.7697

Euro

The Euro is presently trading against the Pound in the region of 0.8057 and is trading against the US Dollar in the region of 1.2944

Australian Dollar

The Australian Dollar is presently trading against the Pound in the region of 0.6455, is trading against the Euro in the region of 0.8011 and is trading against the US Dollar in the region of 1.0363

New Zealand Dollar

The New Zealand Dollar is presently trading against the Pound in the region of 0.5121, is trading against the Euro in the region of 0.6353 and is trading against the US Dollar in the region of 0.8224

Canadian Dollar

The Canadian Dollar is presently trading against the Pound in the region of 0.6223, is trading against the Euro in the region of 0.7723 and is trading against the US Dollar in the region of 0.9999

 

Laura Barrett
This post was written by
Laura moved from the US to the UK several years ago. As a corporate sales executive for a leading foreign exchange company, Laura has expert knowledge of currency movements and market trends and is able to offer specialist guidance regarding making a trade at the most lucrative time and protecting transactions from currency risk.