Stiff Upper Lips and Large Rate Cuts

The positive reaction by the U.K. pound in relation to the euro, after both central banks reduced interest rates overnight, suggests a different outlook among foreign exchange investors. Among the major forex markets ... more,” says Ulrich Leuchtmann, head of forex research at Commerzbank in Frankfurt, Germany [more...]

Date: 2008-11-06 15:51:31

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British pound drops below euro on the street

Ruh roh. This is not going to go over well in ol Blighty but for Europeans, ... , €18 cost The Observer £19.61, an exchange rate of €0.918 to the pound. Tourists at Birmingham ... slumped to below parity with the euro on British high streets and at airports for the first time since [more...]

Date: 2008-12-14 09:17:00

Top Travel Tips For 2009

Be aware of the latest schemes that 'no frills' airlines come up with to squeeze more money out of you ... on the exchange rate. Leave the iPhone at Home Despite EU roaming legislation, it's easy to get carried away ... With the pound plunging against the euro why not consider Egypt, Tunisia or Turkey? Then again [more...]

Date: 2009-01-06 14:22:00

The pound is suffering its worst slide since Britain was forced off the gold standard in 1931.

By Edmund Conway and Angela Monaghan Last Updated: 12:27PM GMT 19 Dec 2008 Sterling dipped closer to parity against the euro, ... of England. The fall is sharper than the devaluations in 1992, after leaving the Exchange Rate ... that the Bank of England will follow in the Federal Reserve’s footsteps and cut interest rates [more...]

Date: 2008-12-19 15:39:31

Italy overtakes UK as British pound declines

Even working here in Europe, I have no idea how Italy does it ... was now worth less than Italy's. Applying Wednesday's exchange rate to the two countries' output last year ... could get no worse, La Stampa yesterday declared: "Italy beats England sic with the euro [more...]

Date: 2008-12-19 08:27:00

Forex theory and practice

In class last week we discussed exchange rate determination, prefaced by the recent relationship between pound sterling and the Euro ... has fallen is the looming recession and historically low interest rates. Although I think that exchange ... about the euro area’s prospects led foreign-exchange dealers to factor in an early cut in European interest [more...]

Date: 2009-01-11 17:30:42

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