Archive for December, 2007
EUR-USD… Correction or Reversal?
During lower volume holiday trading towards the end of November the Euro reached an all-time high of $1.4873 against the US dollar. This rising Euro trend has been accentuated by the credit-crunch in the US sub-prime mortgage sector, causing hedge funders and currency traders to loose confidence in the greenback with increased fears of a [...]
Bank of England Interest Rate Drop
The Bank of England dropped interest rates by 1/4 of a percent to 5.5% due to signs of a slowing economy. This is the first interest rate cut since August 2005. This interest rate cut has led to a fall in the value of Stirling across
Reason for the Cut
The Libor rate has been rising [...]
