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We are pleased to announce that you can now use your debit card to send GBP (£) with UKForex.
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United States Dollar:
GBP/USD rose to a three week high against the greenback yesterday as comments by Labour leadership contender, Owen Smith lifted the pound. The MP for Pontypridd said he would fight “tooth and nail” to keep the UK in the EU and would not give the Tories a “blank cheque” re: negotiations on triggering Article 50. The comments sent the pound higher rising to 1.3270 before profit taking pared the gains. The move shows how susceptible sterling is to ongoing Brexit rhetoric. Data was thin on the ground yesterday with only a surprise increase in US Crude Oil Inventories and a fall in US Existing Homes Sales keeping the markets occupied. The oil data saw brent/wti and commodities fall dragging down stocks around the world. The housing data was the first fall since March. The annual Jackson Hole Symposium kicks off today in Wyoming with central bankers, finance minister, economists and the world press attending the annual get-together which this year has ... read more
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