Pound Slides Lower
Friday, January 23rd, 2009London: The pound continues to slide lower as traders fear of banking nationalisation looms. The fear of Royal Bank of Scotland and many more UK banks falling into the hands of the government has weighed heavily on the currency like a “bad smell”.
EUR/JPY Slides On Rate Decision (Part-2)
Thursday, August 7th, 2008The EUR was exhibiting weakness across board. Against the JPY, it is trading also trading at 168.17/44 range after making a high of 169.50 earlier today. It has since been consolidating around that 38.2% level.
EUR-USD Slides On Rate Decision (Part-1)
Thursday, August 7th, 2008European Central Bank have announced her decision to leave interest rates unchanged at 4.25 percent. Traders have expected this but the long anticipated wait is on the ECB president – Jean-Claude Trichet and his subsequent press conference. The keen interests is on his tone and direction of ECB’s economic policy on inflation and growth prospects in the 15-nation single currency zone. Recent weeks have seen some poor economic reports from the Euro-zone economies – an indication that a slowdown is brewing.
