Monthly Archives — "December 2009"
The Pound declined against the Euro and the Dollar yesterday as minutes from the Bank of England’s most recent meeting showed that policy makers were unanimous in extending the central bank’s asset-purchase program. All nine members of the Monetary Policy Committee meeting voted for the extension to help revive the economy; previously two members had ...
read more →The Pound declined against the Euro and the Dollar yesterday following an increase in risk aversion. The highlight this week is this morning’s final reading of third quarter GDP and the minutes to the Bank of England’s December policy meeting on Wednesday. The GDP is expected to be revised upward to minus 0.1% from the ...
read more →The Pound declined against the Euro and the Dollar on Friday as the Pound was hindered by the UK’s public sector net borrowing increased to a record high of £20.3bn in November, this figure was the highest for any month since records began in 1993. However the Pound was supported on Friday by the release ...
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