Pound gains more strength

28 July, 2011


The Pound has continued on its recent run, now trading at the best rates for buying Euros and US Dollars since last year.

Sterling touched €1.16 and $1.6450 as traders continued to move out of Euros and Dollars into more risky assets.

Look out for Eurozone and UK interest rate decisions on Thursday which may have an effect on rates in general.

The Reserve Bank of Australia also makes its monthly interest rate decision overnight tonight, which could be important if you are sending money to Australia.