Monthly Archives — "June 2011"
The Pound made gains against the Dollar while remaining relatively unchanged against the Euro after a government report showed UK mortgage approvals remained near a four-month low. An index of house prices due for release this evening is expected to show no growth last month, extending the annual decline to 1.3%. With the British economy ...
read more →The Pound declined against the Euro and the Dollar yesterday as UK economic concerns continue to weigh on the Pound which opens marginally higher versus Euro and Dollar. At least three Bank of England policy makers have expressed caution regarding talk of tightening credit conditions. The UK central bank’s chief economist, Spencer Dale, has also ...
read more →The Pound declined against the Euro and the Dollar on Friday as investors expect that the BoE will maintain their lax monetary policy to counter slowing growth. Minutes from the Bank’s last meeting showed that members voted 7-2 to maintain current policies, and it looks as if a growing faction may actually be leaning towards ...
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