Fast Fact: Euro and Pound Up
By SmallStocks on Oct 13, 2008 in Currency
The Pound [(GBPUSD) or (GBPAUD)] is back above 1.7200 USD level – after hitting a record five year low of 1.6779 USD – on the news that the UK Government is bailing out its three largest banks.Â
Main Currency Points:
- The Japanese Yen (USDJPY) is back above ’stable’ levels of 100.00
- The UK Bank Crisis Bailout has strengthened the pound
- Euro is stroner on the back of the Europe Measures being discussed
- The expectation that the US Government is going to back Guarantees is pushing up the USDÂ
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