US Dollar Takes A ‘Pounding’
Pure FX
21.04.2011
Sterling has been knocked about of late as confidence in the US and EMU has risen. To make matters worse British data has been lacklustre.
However in the past 24 hours sterling came out fighting against the US dollar – buoyed on risk appetite.
In British data meanwhile the latest BoE minutes have been released – and could bring sterling back down. The minutes revealed a 6-3 split against upping interest rates – bad for sterling since lower interest rates mean smaller returns on bonds.
More...
Pure FX
21.04.2011
Sterling has been knocked about of late as confidence in the US and EMU has risen. To make matters worse British data has been lacklustre.
However in the past 24 hours sterling came out fighting against the US dollar – buoyed on risk appetite.
In British data meanwhile the latest BoE minutes have been released – and could bring sterling back down. The minutes revealed a 6-3 split against upping interest rates – bad for sterling since lower interest rates mean smaller returns on bonds.
More...
