Pound May Plot New Direction If Inflation Report Influences BoE
November 10th, 2009 by
The British pound came under pressure today after Fitch Ratings said the U.K.’s sovereign credit rating is most at risk among AAA rated nations. Sterling had previously set a three month high and was looking to extend its gains as support for the currency has been driven by the BoE refraining from adding to its asset purchase program.
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Pound May Plot New Direction If Inflation Report Influences BoE
Posted in Foreign Exchange |