Fri, Sep 19, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Sterling trading at its weakest of 2011

Posted on 29 March 2011

The pound’s value against other world currencies has fallen to its lowest level since December as expectations of a UK rate rise recede. Sterling’s trade-weighted index – calculated against a basket of the main global currencies - fell as low as 79.1, its weakest since late December.

The pound is being sold on the currency exchanges as pessimism over the UK economy is pushing back expectations for when the Bank of England is likely raise interest rates…………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 37015 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930