Interesting Times For The Pound…
Currency Exchange Rates Update… June has been an excellent month for the Pound Sterling so far. The Pound has risen to hit its highest level against the Euro since August 2022. That’s its highest level against the US Dollar since April 2022. What’s In The News? Interest rate differentials are currently dominating the currency exchange […]
Pound On A High
The Pound has started the new month of June very nicely, at a 2023 high against the Euro. It’s up over 3.5% on the year to date against the single currency. Against the US Dollar, the Pound hit a 2-week high last week and is up 4.9% so far this year. It’s even better against […]
The US Dollar Fights Back!
Currency Exchange Rates Update Two weeks ago, the pound was trading at its highest level against the US Dollar since April 2022. What a difference a fortnight makes! Last week it hit a 7-week low. It’s not alone. As recently as 7 May, the Euro was trading at its highest level against the US Dollar […]
Up, Up, And Away
Currency Exchange Rate Update The Pound Sterling was the best performing major currency of the first quarter of 2023. Up against 80% of the world’s currencies and has on average risen in value by 4.75% so far in 2023. In the first week of May, it has just got better and better, hitting: – What’s […]
Are There Better Times Ahead For The UK?
This week’s quote is from Sam Walton, founder of Walmart (monthly sales approx $49 billion) “If everybody is doing it one way, there’s a good chance you can find your niche by going exactly in the opposite direction”. What’s In The News? Yet another sign that the UK economy is performing better than the experts […]
The Pound Has A Spring In its Step
This week’s quote is from Lord Northcliffe “News is what somebody somewhere wants to suppress; all the rest is advertising.” What Is In The News? The UK economy continues to defy the ‘doom-mongers’. The Bank of England (BoE) reported that 43,536 mortgages were approved in February, up from 39,647 in January. It’s also well above […]
Watch Out For Budget Day
An interesting start to the month just got more interesting despite all the ‘doom and gloom’ from the main-stream media as the Pound gained over 1% in value against the Euro and over 1.5% against the US Dollar in the last 3 days. Against the Aussie Dollar, the Pound has hit its highest level since […]
One Year On…
Introduction So much has happened in the news in the last 12 months. But for me, Putin invading the Ukraine on the 24th February 2022 is a sobering anniversary! Pound Sterling News The UK narrowly avoided slipping into a recession in the second half of 2022. For the whole year, the UK economy grew by […]
It’s All About Interest Rates
Time flies. One minute we’re all celebrating the festive season and the new year and then in a flash (or at least that is how it feels to me) the first month of 2023 is all but over. This week promises to provide a very lively end to January and an even livelier start to […]
The Value Of The Pound Against Its Main Competitors
It’s been a nervy start to 2023 for the Pound Sterling. In the first fortnight of the year, the Pound rose by 1.3% against the Euro. In the first 9 days of the year before falling right back to where it started. Against the US Dollar, the Pound has fared better. In the first 5 […]