Sterling bounces!

[AtW]

Sterling bounces off Monday's record low
Nick Hasell

Sterling this morning bounced modestly off Monday’s record low of 97.99p against the euro to trade at 97.30 but fell to a six- year low against the dollar.

At €102.8, the pound has, however, failed to claw back much of the 2 cent loss of yesterday. Currency markets continue to assume that sterling will soon reach parity against the euro on the view that the bleak outlook for the British economy will mean more aggressive rate cuts than in the eurozone.

At one stage today, sterling also hit a low of $1.4385 against the US currency, its weakest level since April 2002, but rallied later to $1.4497. Trade-weighted sterling fell to 73.6, the lowest level on daily records held by the Bank of England, which go back to 1990.

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More: http://business.timesonline.co.uk/to...cle5417307.ece

[Liability]

Sterling bounces off Monday's record low
Nick Hasell

Sterling this morning bounced modestly off Monday’s record low of 97.99p against the euro to trade at 97.30 but fell to a six- year low against the dollar.

At €102.8, the pound has, however, failed to claw back much of the 2 cent loss of yesterday. Currency markets continue to assume that sterling will soon reach parity against the euro on the view that the bleak outlook for the British economy will mean more aggressive rate cuts than in the eurozone.

At one stage today, sterling also hit a low of $1.4385 against the US currency, its weakest level since April 2002, but rallied later to $1.4497. Trade-weighted sterling fell to 73.6, the lowest level on daily records held by the Bank of England, which go back to 1990.

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More: http://business.timesonline.co.uk/to...cle5417307.ece

Yep saw the USD- thats bad!

Not long nowbefore it recovers - let the Obama mania calm down by March and then some reality will kick in

[Liability]

Parity with the $, here we come...

now that will not happen. Id be willing to place my last blue smartie on it

[SantaClaus]

Any bounce in sterling is merely a pause for breath before falling again.

Hopefully things will get so bad, Gordon Brown will fall on his sword

[Purple Dalek]

Any bounce in sterling is merely a pause for breath before falling again.

Hopefully things will get so bad, Gordon Brown will fall on his sword

WHS, there was little in the way of volume on that 'bounce' and it's already on it's way back down.

[AtW]

WHS, there was little in the way of volume

That was BoE's intervention using all the euros they got to buy as many pounds as they can...

Allegedly.

[simos]

Sterling bounces off Monday's record low
Nick Hasell

Sterling this morning bounced modestly off Monday’s record low of 97.99p against the euro to trade at 97.30 but fell to a six- year low against the dollar.

At €102.8, the pound has, however, failed to claw back much of the 2 cent loss of yesterday. Currency markets continue to assume that sterling will soon reach parity against the euro on the view that the bleak outlook for the British economy will mean more aggressive rate cuts than in the eurozone.

At one stage today, sterling also hit a low of $1.4385 against the US currency, its weakest level since April 2002, but rallied later to $1.4497. Trade-weighted sterling fell to 73.6, the lowest level on daily records held by the Bank of England, which go back to 1990.

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More: http://business.timesonline.co.uk/to...cle5417307.ece

Go pound, u can do it!!!

[Scotchpie]

Hopefully things will get so bad, Gordon Brown will fall on his sword

Or someone else's sword will "fall" on him. "Et tu Jack Straw... er sorry Brutus".

[Flashman]

This will all end in tears!

How much will this cripple Eurozone exporters?

I give it a year before the Eurozone members fall out with each other.

Two years before they start shooting each other....Again.

[sappatz]

sterling

Parity with the $, here we come...

do you mean the zimbabwe $ ?