GBP-USD
Pound Declines Despite BoE Announcement
The Bank of England announced plans to improve the slowing economy by loaning banks £50bn to enable banks to lend to one-another.
The UK housing market has slowed as banks maintain higher interest rates and cease lending to new buyers. Despite the interest rate cuts that the BoE have instigated, the rate cuts have not been [...]
Dollar Falls Against Pound
The USD fell against the GBP today after a report showed UK producer-price increases matched figures of 16 years ago.
Last week the pound closed at $2.0134 against the dollar, however, it rose to $2.0194 after the government report was released.
Elsewhere experts predict a bottom to USD decline against the Euro and Yen. Resona Bank Ltd. [...]
GBP Drops Further
The pound fell further against the Euro and the USD today with the expectation of an interest rate cut by the BoE.
A week of dismal figures, including poor results for the retail sector, increases in wholesale energy costs and worse than expected factory output for the UK has led many experts to feel an interest [...]
