Monthly Archives — "August 2011"
The Pound declined against the Euro and the Dollar yesterday as the British economy continues to underperform. A report did show that British mortgage approvals unexpectedly increased in July after mortgage rates plunged to historic lows as investors sought the safety of British government bonds. Business confidence in England tumbled as well, dropping to a ...
read more →The Pound declined against the EUR and the dollar last week as economic growth in the U.K. nearly came to a standstill! GDP cooled to 0.2 percent, down from 0.5 percent in the first quarter of the year. Total industrial production also dropped 1.6 percent, the lowest reading since the first quarter in 2009. As ...
read more →The Pound declined against the Euro while remaining relatively well supported against the Dollar yesterday. With no major economic data out of the UK so far this week, the GBP has largely been moving in step with the EUR and other European currencies as investors focus on the US economy. The pound has also found ...
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