Tag: U.K. Manufacturing
U.K. Pound Plunges, Gilts Rise as Data Add to Signs of Slump
By Anchalee Worrachate
Dec. 1 (Bloomberg) — The U.K. pound posted its biggest one-day loss against the dollar in more than a month while gilts rose after a report showed the housing and manufacturing slump worsened, reinforcing speculation the central bank will cut interest rates this week to revive Britain’s ailing economy.
Posted: December 2nd, 2008 under News.
Tags: Bank of England, bond prices, credit market, Dollar, Factory Index, Gilts, interest rates, Investor, Mizuho Capital Market, poundsterling, Stocks, U.K. Manufacturing, U.K. Pound
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