Archive for December 5th, 2008
Pimco Sees Pound Bottom as BOE Cuts Rate to Lowest Since 1951
By Lukanyo Mnyanda and Ye Xie
Dec. 5 (Bloomberg) — The Bank of England’s third interest- rate cut since the start of October is raising speculation that the pound’s 26 percent slide may be coming to an end.
Posted: December 5th, 2008 under News.
Tags: Bank of England, BNP Paribas, GDP, overvalued, Pond, rebound, speculation
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