@ton Pound weakens further on US jobs news and Bank warning The - TopicsExpress



          

@ton Pound weakens further on US jobs news and Bank warning The pound fell below $1.49 against the dollar on Friday, close to a three-year low, as markets digested the prospect of UK interest rates staying at 0.5%, and the strengthening US economy. Sterling traded as low as $1.4858 at one point, although it recovered to $1.49 in late London trading. It was a fifth of a cent above the low of $1.4831 set in March, the weakest level since June 2010. The slide began with the Bank of England saying rates could stay flat. News in afternoon trading that US employment grew by 195,000 in June gave the dollar more support.
Posted on: Fri, 05 Jul 2013 23:06:29 +0000

Trending Topics



Recently Viewed Topics




© 2015