Forex Seer » british pound

World in Chaos – British Pound in Doubt

admin — Fri, 07 May 2010 07:38:01 +0000

I don’t know if you’ve been watching the financial news in the past two days or have been reading any economy reports, but it seems that investment fear and uncertainty have trebled at the very least and that the financial world is in total chaos…

… OK, so I’m exaggerating a bit. It’s no where near [...]

Pound Plummets To 9 Month Low Against The Dollar

admin — Tue, 02 Mar 2010 15:58:33 +0000

Yesterday was a sad day for the British Pound as it dropped to a 9 months low against the dollar and a 1 year low against the Yen.

The main reason is the growing deficit of the British economy and a recent opinion poll of British voters which returned inconclusive results for the upcoming election.

After long [...]

Lowest Interest Rate in 315 Years

admin — Sun, 08 Mar 2009 09:17:41 +0000

The Bank of England made an historic move last Thursday: it cut down it’s main interest rates by half a percent down to 0.5%. This is the lowest rate the bank has known in it’s 315 history.

The Bank of England also declared that it will pump 75 billion pounds into the market to ease the [...]