Jan 29, 20090

Again, the British Pound Bounces Back

Categories: Economic Forecast/Analysis

save-the-pound

Sterling soared once again against the US dollar as America’s federal reserve were discussing solutions to the on going financial crisis.   The British Pound climbed by 0.63 of a cent to $1.4233 following a record 23-year low of $1.35 last Friday. But the UK currency dropped against the euro to €1.0725 as anxiety appears to still remain in the country’s economy. Sterling has been oversold in recent weeks and BNP Paribas experts argue that the ... Read More

Jan 28, 20090

Sterling Goes Up

Categories: Economic Forecast/Analysis

pound-dollar

At last, Sterling went up today against the euro and also increased against the US dollar.   Even if worsening economic atmosphere is present on  High Street,  the British pound still soared 1.03 cents against the euro and also went up  $1.40  against the United States currency. A British  pound now is equal to 1.0752 euro, or 1.414 dollar. Last Friday, the sterling fell to its lowest rate in 25 years. The increase still took place despite negative forecast ... Read More