Monday, September 29, 2008
The Great Britain pound continued its growth against the euro and the U.S. dollar today, even after the housing prices fell again and the chances fore more interest rate cuts by the Bank of England went up.
After some bearish trend movements during the Asian Forex trading session, the pound gained to above the Friday’s close rate against the other world currencies.
Although, the bond rates grew up in the United Kingdom, the economic situation is now attracting only risk-seeking investors, thus the currency is benefiting only from the elevated economical risks.
EUR/GBP fell from 0.7869 to 0.7842 today after losing from 0.7950 to 0.7870 on Friday. GBP/USD gained 0.33%, rising from 1.9837 to 1.9903.
0 Comments:
Post a Comment