Unchanged Rates and Bond Purchases Maintain Pound Down
The British currency continued to suffer from its central bank monetary policies as interest rates remained unchanged in the country, suggesting that the recession will remain a reality in England for an extended period.
A concerning budget deficit combined with weak economic data has been affecting the pound’s outlook as the Bank of England insists on its
GBP/USD bottomed at 1.5923 as of 22:21 GMT from a previous rate of 1.6036.
If you want to comment on the Great Britain pound’s recent action or have any questions regarding this currency, please, feel free to reply below.
January 8th, 2010 at 6:11 am
Hearing if political problems still hit paliament the cable could reach par against USD this year
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