Friday, December 05, 2008
Pound slumps after grim British economic news as markets price in big Bank of England rate cut
The
pound slumped Thursday to a historic low against the euro and to its
lowest level against the dollar in over six and a half years after
further grim economic news fueled expectations that the Bank of England will slash interest rates later.The
pound, which has been languishing in recent months amid... [read more]
posted by fxgencurrency,
in British Pound, ForexGen Academy
@ 1:27 AM,
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