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Tag Archives: HSBC
Sterling under pressure
Sterling is under pressure this morning over losses in the banking sector. Lloyds is yet to strike a deal with the Treasury over inclusion in the Asset Protection Plan and HBOS has announced over £10 billion worth of write downs for 2008. GDP figures out in the US later today will be a source of interest for markets as growth prospects in the world’s largest economy remain a key driver of economic sentiment and currency exchange rates. Continue reading
Posted in Company News, Euros, Financial News, Special Currency Offers, UK Pound Sterling, US Dollars
Tagged Asian currencies, bank of england, best rates currency, Buy Currency, commission free currency, Consumer Spending, currency exchange, Currency Forward, Currency Future, currency solutions, currency trading, European Central Bank, Euros, Eurozone, HSBC, Interest rates, Japan, Oil Price, personal currency service, U.S GDP, uk banks, uk economy, UK Pound Sterling, US Dollars, Yen
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ECB cuts to 2%
The ECB reduced its base interest rate to 2% yesterday in a move that was widely expected by markets. A volatile day of trading saw Bank of America shares lose over 20% and the London FTSE 100 also closed with significant losses. Consumer inflation and industrial production figures from the US are likely to be the major market movers today.
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Posted in Currency News, Euros, Other Currencies, UK Pound Sterling, US Dollars
Tagged bank of england, BOE, Consumer Spending, currency exchange, currency trading, ECB, European Central Bank, Euros, Eurozone, HSBC, Interest rates, uk economy, UK Pound Sterling, US Dollars, World economy
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