Monthly Archives — "March 2011"
The Pound declined against the Euro and the Dollar as British GDP contracted 0.5%. While nothing is definite, investors are far more confident in the outlook for monetary policy from both the ECB and Fed than they are from the BoE. With such uncertainty over both the direction of the British economy and monetary policy, ...
read more →The Pound declined against the Euro and the Dollar after a report showed that British business confidence slipped to its weakest in two years. The pound fell to its lowest levels in nearly eight weeks against the dollar even before a report this morning that is expected to show that the British economy contracted 0.6% ...
read more →The Pound made gains against the Euro while declining against the Dollar on concerns that the British economic recovery is stalling. The pound fell to a five-day low against the USD as investors bet that the Fed will raise rates before the BoE. After recent disappointing British retail sales data, it appears that the majority ...
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