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GBP/USD continues to hold above $1.28.

Arron Morris Currency Broker - GBP/USD continues to hold above $1.28.Written by
Arron Morris
Senior Currency Broker
T: 01442 892 065

The GBP/USD cross looks set to close above $1.28 after the latest round of U.S. business activity and jobless claims failed to help the dollar this afternoon.

Both pieces of data have left investors feeling short changed, and has done little to increase confidence over the state of the U.S. economy.

GBP/USD exchange rate graph

Screen Shot 2017-04-20 at 16.44.44

Do you need to buy or sell dollars?

If you have a requirement to buy dollars in the coming weeks, then it could be worth taking advantage of the rise we have seen this week.

Following Theresa May’s announcement to hold a general election the pound has risen around three cents against the dollar, adding to the gains we have witnessed since the middle of March.

In the past month the GBP/USD cross has risen nearly six per cent, leaving the currency pair trading at its highest level since 3rd October.

With the official Brexit negotiations set to begin in a matter of weeks and the French elections kicking off on Sunday, we could easily see the pound give up some of the ground it has made over the past couple of days.

Contact me today for a free consultation

As a specialist in currency exchange I have a number of tools at my disposal to help you maximise the return of your transfer or protect you against adverse market movements.

For more information about how I can help or to find out what rate I can offer, complete the contact form on the right-hand side of the page or call me directly on 0044 (0) 1442 892 065

Arron Morris
Senior Currency Broker
T: 01442 892 065

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