The Currency Converter

Currency News: Pound Sterling versus The US Dollar

November 26th, 2010

The US Dollar is basking in it’s safe haven status this morning after risk averse investors piled their money into the Greenback. With the Thanksgiving Holiday yesterday there is little in the way of any significant news coming out of the States as trading was limited. With questions still surrounding the Euro debt crisis the dollar did however benefit from the market’s hatred of uncertainty and we saw the two month highs versus the euro as it dropped down to below $1.33 and also saw gains versus the pound reaching an overnight 6 high of 1.5688 with both the US Dollar and the Japanese Yen strengthening while investors wait for any significant market change of direction.

Written by Luke Trevail

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