To keep track of the Pound / US Dollar exchange rate please visit our live foreign exchange rate page.
The monthly average for Sterling against the Dollar is 1.5677 and rates have failed to budge too much either side of this over the past four weeks. We have seen just over 1% movement from high to low for the Pound against the Dollar and I feel we are waiting with baited breath for a stronger indication on interest rate change from the Fed.
Personally my thoughts are that rates will remain in this range and the only risk is to the downside for anyone looking to sell US Dollars as there is every chance the Federal Reserve may delay interest rate change further and the Dollar may find a little weakness should this happen.
One to watch out for tomorrow afternoon is U.S consumer confidence figures released at 15:00pm. Much like Sterling the Dollar has limited economic data out during the early part of week but this is the first main point of note that may lead to Dollar volatility so be sure to have a keen eye on Dollar exchange rates during this release.
If you have a US Dollar requirement I would be very happy to assist you, you can contact me directly at firstname.lastname@example.org.
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