The Pound has had a fairly good day against all major currencies today following much better than expected unemploiyment figures released this morning and the result of the well spoken about German enquiry not throwing any spanners in the wheels of the European recovery.

All eyes now turn to the Fed and what we will see next regarding Quantitative Easing (QE3) – The Dollar has been slowly losing value over the past week or so mainly down to an increase in attitude to risk and personally I feel QE3 for the States may have been factored into the market but who knows what we may see in this current climate?!

Tomorrow promises to be volatile for the USD so be sure to check in with us here or to email me directly djw@currencies.co.uk to find out what has happened.