Cable brightened slightly in early trading in London, and now he stands at 1.5550, after the descent to 1.5480 at night. This is partly due to a slight improvement in tone in recent forecasts CBI, alleging that the Bank of England can make to raise interest rates aggressively over the next few years in order to combat the threat of inflation. A pair of EUR / GBP returned to the level of 0.8460 this morning with almost 0.85 on Friday. Last week was difficult for the pound, and he was not helped by Friday's news Lloyds a substantial increase in reserves for possible loan losses in the Irish portfolio. Worth bearing in mind the economic and financial costs of the big freeze, which hits the UK in recent days, reducing the amount of Christmas shopping, which both expect to retailers.
Monday, December 20, 2010
GBP: Cable perked up slightly in early trading in London
Cable brightened slightly in early trading in London, and now he stands at 1.5550, after the descent to 1.5480 at night. This is partly due to a slight improvement in tone in recent forecasts CBI, alleging that the Bank of England can make to raise interest rates aggressively over the next few years in order to combat the threat of inflation. A pair of EUR / GBP returned to the level of 0.8460 this morning with almost 0.85 on Friday. Last week was difficult for the pound, and he was not helped by Friday's news Lloyds a substantial increase in reserves for possible loan losses in the Irish portfolio. Worth bearing in mind the economic and financial costs of the big freeze, which hits the UK in recent days, reducing the amount of Christmas shopping, which both expect to retailers.
