As fears over the economic turmoil coming out of Dubai, especially surrounding Dubai World start to suside the Dollar appears to be starting to suffer. As reports came out from Dubai World regarding the finacial difficulties they found themselves in it appeared that people began moving funds into the relative safe haven of the Greenback, causing the Dollar to strengthen and GBPUSD exchange rates fall.
Now, as things are beginning to settle down a little, investors appear to be selling off the Dollar causing it to weaken off again. As a result the Dollar slid by nearly 2 cents against the Pound during yesterday's session - if you were buying Dollars you would have received somewhere in the region of $3,900 extra by timing your trade well yesterday, another reason why having a broker acting as your eyes and ears on the market can prove extremely beneficial.
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