$ Getting Stronger

August 8th, 2008 - Chris Marshall

The £ has slumped to a 17 month low of $1.9225, down 1.1%, while the euro hit five month lows of $1.5195. This would tend to indicate that the view is that the US economy is looking in better shape that both the UK and Eurozone, with the recent decision by the European Central Bank to leave rates as they are the main catalyst to this view.

del.icio.us :: digg :: stumble upon :: facebook :: technorati
This entry was posted on Friday, August 8th, 2008 at 7:33 pm and is filed under Finance in Spain. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.