Home Trading Resources Traders Forum

Forum List Markets Forex (Currencies)

pablo User Platinum Boarder Posts: 102   U.K. Pound Falls Against Dollar and Euro - 2008/02/07 19:16 Hi everyone, I hope you are having a great time. For those who aren't, weekend is near The U.K. pound fell against the dollar and euro as traders bet the Bank of England's anticipated interest-rate cut today will be followed by further reductions this year. The pound dropped versus 15 of the 16 most-traded currencies tracked by Bloomberg as the implied yields on interest-rate futures contracts declined to the lowest levels in two weeks. Policy makers will reduce the main rate a quarter-percentage point to 5.25 percent today, according to 59 of 61 economists surveyed by Bloomberg News. The pound fell for a third day to $1.9509 by 10:45 a.m. in London, from $1.9615 yesterday, when it declined to a two-week low of $1.9554. It also dropped to 75.01 pence per euro from 74.59 pence and traded at 207.67 yen, from 208.98 yen.   | | The administrator has disabled public write access. boo User Expert Boarder Posts: 25   Re:U.K. Pound Falls Against Dollar and Euro - 2008/02/08 13:31 And later part of yesterday, turned something not good for the U.K pound. The pound fell the most in almost a week against the dollar, declining to $1.9463 by 2:45 p.m. in London, the lowest level since Jan. 22, from $1.9615 yesterday. It dropped to 75.03 pence per euro, before erasing losses and trading little changed at 74.59 pence. It is expected that further rate cuts from the Bank of England as there are downside risks to sterling against the dollar   | | The administrator has disabled public write access.

Forum List Markets Forex (Currencies)