Monthly Archives — "May 2010"
The Pound declined against the Euro while making gains against the Dollar after the release of retail sales indicated a fall in May. The Bank of England is expected to expand its long-term funding mechanism next month and will incorporate a two-tier auction system that accepts a wider array of collateral to address stresses in ...
read more →The Pound made gains against the Euro while declining against the Dollar after better than expected US economic data, signs of tighter liquidity in US money markets, and investor’s flight to safety into the Dollar. The Dollar made gains against the Euro and the Pound as US data illustrated better than expected results. The Commerce ...
read more →The Pound made gains against the Euro while declining against the Dollar as concerns that fiscal tightening by Britain’s new coalition government could hurt economic recovery. In other news, GDP came in at 0.3 percent showing a slightly faster growth pace than initially expected. The Pound is expected to remain under pressure as the finance ...
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