Jobless figures bolster dollar
Improved economic figures in the US have given the dollar a lift today.
This morning the dollar stood at 1.7830 against the pound and was at 1.2335 against the euro.
Weekly jobless claims dropped significantly, new data from the Labor Department showed, as total claims fell by 10,000 week-on-week.
The news came as a surprise to many observers, with the 3.2 per cent fall boosting the US currency.
News that one of the country's leading companies, Google, has enjoyed a surge in profits will also encourage an improved outlook on the domestic economy.
The internet search firm saw profits rise by almost two-thirds - 60 per cent - in the first quarter in comparison to last year's figures.
Total profits hit $592 million, up from $372 million in 2005.