Monday, 10 August 2009

Pound sterling weakness against Dollar and gains minor ground on Euro

Sterling finished off Friday's trading down by 0.6% against the Dollar following the release of non farm payrolls data in the states.

The figures actually came out better than expected which led to Dollar strength throughout the rest of the days trading.

The Non Farm Payrolls data covers the movement in the amount of people employed in non agricultural jobs over there and although it had dropped by 247,000 this was actually the lowest drop since August last year and as mentioned a lot better than most analysts had predicted.

Sterling saw a swing against the Euro on Friday as well starting the day off dropping away yet ending the days trading up by 0.4%.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

www.currencies.co.uk


Have a great day and thanks for reading!

Daniel Wright

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