*NEWS*UK:POUND AT RECORD LOW AGAINST EURO

  • ces_web_banner_toner_news_902x1776
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • ncc-banner-902-x-177-june-2017
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • 4toner4
  • Print
  • banner-01-26-17b
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • 2toner1-2
Share

*NEWS*UK:POUND AT RECORD LOW AGAINST EURO

 user 2007-12-28 at 12:27:00 pm Views: 69
  • #18926

    Pound at record low against euro
    The
    pound has fallen to a record low against the euro, as dealers expect
    more Bank of England (BoE) interest rate cuts in 2008.The pound bought
    just one euro 37.6 cents in quiet Christmas Eve trading.”There are
    increasing signs that the British economy has hit a brick wall
    triggered by the decline in the housing market,” said analysts at BNP
    Paribas.The European Central Bank (ECB) president Jean-Claude Trichet’s
    recent comments have also boosted the euro.

    Inflation and growth
    In
    an interview with the Financial Times, Mr Trichet hinted that the ECB
    was more worried about inflation than economic growth.He said that
    interest rate cuts in the US and Britain should not distract the ECB
    from tightening its monetary policy.”Other colleagues are in a
    different situation,” Mr Trichet said.Britain’s record trade deficit
    has also helped push down the value of sterling.