Tuesday, 16th July 2013 | The British Pound made a big move on Tuesday as it closed up by $2.74 on average when dealers bought the currency, pushing the buying rate at the end of trading to $153.27. The selling rate climbed by $1.30 to close the day at $154.97. Authorised dealers bought £2.88 million and sold just £1.47 million. The Pound was bought as high as$156.72 which was $2.82 higher than on Monday and as low as $126.33 or $2 less than Monday’s low. Selling of the British currency took place as high as $160.23, just 6 cents less than Monday and as low as $149.20, the same as Monday. The major rate change for the Pound relates to an increase in the value of the Pound against the US dollar on Tuesday and could rise further on Wednesday as the published minutes coming out of the UK central bank’s meeting to discuss monetary policy helped pushed the British pound up against major currencies.
There was an 8 cent upward movement on both the average buying and selling rates for the US dollar. The highest and lowest buying rate for the US currency hardly changed while the highest selling rate slipped by 21 cents and the lowest climbed back by $14.30 to $97.80. The amount of US dollar purchased amounted to US$25.37 million and US$21.98 million was sold.
The Canadian dollar closed at a selling rate of $98.26 down 36 cents from Monday and authorised dealers purchased the Canadian dollar for $95.75, which is 39 cents more than on Monday. The highest rate was $98.80, the same rate as the previous trade and lowest buying rate $78.73, just a 5 cent increase. Both the highest and lowest selling rates declined with the lowest down $1.20 to $93.50.
The total amount of currency traded was US$31.6 million while $26.5 million was sold.
