Archive for January 14th, 2009
British Pound Declines as Economy Slumps, Home Sales Tumble
By Matthew Brown
Jan. 13 (Bloomberg) — The pound fell against the dollar and the euro as reports showed the U.K. economy slumped the most in two decades and home sales dropped to the lowest level since at least 1978.
Posted: January 14th, 2009 under News.
Tags: Bank of England, BNP Paribas, British Pound, currency, Dollar, Economy Slumps, Forex, FTSE 100 Index, Gilts Decline, Global Recession, MSCI World Index, Rate Assumptions, Royal Institution of Chartered Surveyors, The British Chambers of Commerce, Yen
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Argentine Peso Worst Latin Currency on Devaluation
By Drew Benson
Jan. 13 (Bloomberg) — Argentina is starting to catch up with Brazil in devaluing its currency, helping Buenos Aires yarn makerMarcelo Prim at the risk of igniting inflation and a run on the nation’s banks.
Posted: January 14th, 2009 under News.
Tags: Argentine Peso, Bank of America Corp., Bank of International Settlements, Barclyas Capital, Commodities Tumble, Credit Suisse Economist, currency, Dollar, Federal Reserve, Forex, Global Recession, Latin Currency, UBS Bloomberg
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Euro Trades Near One-Month Low Before Report Shows Output Drop
By Ye Xie and Molly Seltzer
Jan. 14 (Bloomberg) — The euro traded at a one-month low versus the dollar before a report forecast to show industrial output in Europe dropped the most since 1993, adding to expectations the European Central Bank will cut interest rates.
Posted: January 14th, 2009 under News.
Tags: British Pound, currency, Dollar, Dollar index, ECB Rate, Euro, European Central Bank, Federal Reserve, Forex, Global Recession, interest rates, Market Drops, The British Chambers of Commerece, U.K. Economy Slumped
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