Friday, 5th July 2013 | The Pound got hit today again as it did yesterday when it fell by $1.60 for the buying rate and for the selling $1.21 on top of the losses in Thursday’s trade when it fell $1.38 for the buying rates and was down $1.07 for the selling rate. A major reason for the decline is a sharp fall in the value for the Pound against the USA dollar which surged today against most currencies with the release of better than expected payroll employment numbers in the US economy. The highest and lowest rates for the British currency all fell with the highest selling rate dropping all of $3.57 and the lowest by 50 cents. The highest buying rate was down by 70 cents and the lowest by $1.29.
The US dollar slipped by 3 cents on the selling side and it gained 27 cents on the buying rate while the Canadian moved up sharply from Thursday’s prices closing at $1.11 up on the buying rate and 71 cents up on the selling rate. With the exception of a 85 cent s drop on the highest buying rate all the other highest and lowest rates moved up for the Maple leaf currency. The US dollar moved up for all the highest and lowest rates except there was no change to the lowest selling rate.
The selling rates for the US dollar closed at $101.65, the Canadian $97.31 and the Pound $152.34.
It was a pretty big day as US$43 million was sold for the collective currencies and buying took place for US$33.99 million.
