Monthly Archives — "November 2009"

The Pound declined against the dollar and euro on Friday amid concerns over the fragile UK banking sector. London’s leading index the FTSE was up 0.8 percent after falling sharply earlier in the session. Investors are starting to price in a budget downgrade from British Finance Minister, Alistair Darling when he presents his pre-budget report ...

The Pound declined against the Euro while making gains against the Dollar yesterday after revisions to third quarter UK gross domestic product came in very close to expectations. The revised data showed that the British economy shrank by 0.3 percent in the third quarter compared with the initial estimate of 0.4 percent. The Dollar declined ...

The Pound declined against the Euro and the Dollar yesterday even though a report showing that UK mortgage approvals nearly doubled in October.  In other news German bank West LB are reported to be struggling to secure funding highlighting the weakness that still lingers in the global banking sector which has hindered the Pound. This ...