The Pound Sterling Live - The Heart-Beat of the British Pound

British Pound Sterling Live on Thursday: GBP in robust form today; Carney evidence is catalyst for sell-off cessation

Details

Category: The Pound Sterling Live - The Heart-Beat of The British Pound

Published on Friday, 08 February 2013 10:23

Written by Sam Coventry

14:50: GBP picks up steam through today's session

The pound sterling renaissance of 2013 continues:

GBP/EUR is 0.45 pct higher at 1.1781.

GBP/USD is 0.44 pct higher at 1.5787.

GBP/CAD is 0.86 pct higher at 1.5823.

GBP/AUD is unchanged at 1.5286.

Please note these are spot market rates; your bank will affix a discretionary spread to the above numbers when delivering you a retail rate. An independent FX provider will however guarantee to undercut your bank's offer, thus delivering more currency.

10:00: Steady going

The pound sterling (Currency:GBP) appear to have really taken heart from Mark Carney's interview with the Treasury Select Committee yesterday - it appears that currency markets have taken this to be the catalyst needed to cease the great sterling sale of 2013.

A look at this morning's spot rates shows a robust pound:

The pound / euro exchange rate is 0.05 pct higher than seen on Thursday night's closing level; GBP/EUR is at 1.1738.

The pound / US dollar exchange rate is 0.2 pct higher at 1.5745.

The pound / Australian dollar rate is 0.3 pct down at 1.5244. (GBP/AUD has had a few good sessions, so an AUD comeback is overdue).