empty
 
 

2014.07.3104:44:25UTC+00Pound stabilizes at 1 1/2 month lows

The British pound sterling was steady at one-and-a-half month lows versus a stronger US dollar Wednesday in spite of growing confidence in the US recuperation.

The sterling traded at 1.6937, sliding 0.04%, the weakest level since June 18. Also, the currency was almost unchanged versus the euro at 0.7911, above the 22-month lows of 0.7873 hit Wednesday.

Investors will now await the US nonfarm payrolls report for July to be released Friday.

The greenback attracted an additional boost in recent sessions as economic data signalled the economic recovery was gaining traction. Meanwhile, the Commerce Board showed that U.S. consumer confidence climbed to the highest in seven years this month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback