The British Pound is suffering losses across the world markets after the announcement by credit house Moody’s of a downgrade in the country’s credit. Continue reading
Tag Archives: British Pound
Economic Worries Drive Pound Lower
The British pound has fallen against both the U.S. dollar and the Euro on fears that the economy is weaker than previously stated by analysts.
The pound fell to a seven month low against the dollar and a 15 month low against the Euro. A Bank of England policymaker is being pointed to as a source for the drop after stating the pound needed to weaken further to improve the economy. Continue reading