Monthly Archives — "February 2010"

The Pound declined heavily against the Euro and the Dollar as risk aversion rose yesterday. Sterling suffers as Britain battles record deficits and investors fearing a repeat of Greece’s crisis. Markets also continued to elaborate on recent BoE talk that more QE is still possible in case the economic fails to recover at a strong ...

The Pound declined against the Euro while remaining relativity unchanged against the Dollar yesterday as MPC member Adam Posen offered moderate optimism for the Sterling by suggesting that the currency will maintain its current levels and inflation over the next decade will not sustain. On Friday, all eyes will be on UK’s second Q4 GDP ...

The Pound made small gains against the Euro while declining against the Dollar yesterday on the dovish comments from Bank of England members. BOE members mentioned the benefits of maintaining a weak sterling in order to increase growth for the economy, indicating that the currency will stay weak for the near term. BOE’s decision last ...