Pound Falls on Global Economic Outlook
The Great Britain pound slipped today amid speculations that the slowing global economic recovery would decrease the attractiveness of the currencies tied to the growth.
The consumer sentiment and the consumer prices in the U.S. expected to fall, fueling concern that the economic recovery would falter. The analysts predict that the house prices in the U.K. would also decline because of the spending cuts.
GBP/USD traded at about 1.5384 as of 10:39 GMT today, falling from its opening price of 1.5459.
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Earlier News About the Great Britain Pound:
- Pound May Retain Strength Despite Budget Cuts (2010-07-14)
- Pound Goes Up on High Inflation & Retail Sales (2010-07-14)
- Pound Falls as Current Account Deficit Widens (2010-07-12)
- Great Britain Pound Falls on Concerns About Budget Cuts (2010-07-08)
- Pound Falls on Concerns for Budget Cuts (2010-07-07)