Dollar sterling Tag Archive

The US dollar took a dive yesterday to a two month low against the pound as the US economy starts to show real signs of a recovery. Where usually this would result in strengthening of a country’s currency, traders are concerned that this good news will spark the end of the FEDs stimulus package (printing money) and a rise in borrowing costs.

To fuel the US Dollar/ Pound divide the UK produced some encouraging retail figures showing signs of recovering consumer confidence.