Monthly Archives — "June 2010"
The Pound made gains against the Euro while declining against the Dollar as investors fear funding concerns in the Eurozone. Domestically, British mortgage approvals were lower-than-expected at 49.8K in May from its foretasted 51.0K. Also to note House prices rose again in June but only by 0.1%, according to the Nationwide building society. The rise ...
read more →The Pound made gains against the Euro and the Dollar yesterday where there was no eco news behind the price move, the trading was order-driven and technically inspired. So, sterling continued to enjoy the same factors that were at work last week. The combination of profound austerity measures while at the same time the BoE ...
read more →The Pound made gains against the Euro and the Dollar after the Fitch Ratings reported the UK’s new budget proposal “ambitious” and assured it would keep its AAA credit rating, while Moody’s Investors Services said the budget was “supportive” of the holding a top credit level. Endorsements from major credit agencies supported investor’s sentiments for ...
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