07/15/2010, Scot Ringa: Following the shift in market sentiment against the dollar the GBP also surged to a new high of 1.5355 and is looking to test its 200 day SMA of 1.5584. The USD has weakened against most of its major counterparts as investors appetites for risk have risen substaintially as traders and investors rush into more profitable markets the USD will continue to loose steam for some time

06/12/2010, Scot Ringa: The Bank of England held the benchmark interest rate at 0.50% and maintained its asset purchase target at GBP 200B
The British Pound showed little reaction when its central bank failed to announce any policy statements, and its clear the GBP is benefitting from the rise in risk appetite as its currency continued to gain against the Dollar closing out the week at 1.4544 per US Dollar. With its recent highs seen on June 2 of 1.4772 the GBP is down slightly but expected to continue its climb higher.