The consumer sentiment and the consumer prices in the U.S. expected to fall, fueling concern that the economic recovery would falter. The analysts predict that the house prices in the U.K. would also decline because of the spending cuts.
GBP/USD traded at about 1.5384 as of 10:39 GMT today, falling from its opening price of 1.5459.
If you want to comment on the Great Britain pound’s recent action or have any questions regarding this currency, please, feel free to reply below.
Earlier News About the Great Britain Pound:
Pound May Retain Strength Despite Budget Cuts (2010-07-14)Pound Goes Up on High Inflation & Retail Sales (2010-07-14)Pound Falls as Current Account Deficit Widens (2010-07-12)Great Britain Pound Falls on Concerns About Budget Cuts (2010-07-08)Pound Falls on Concerns for Budget Cuts (2010-07-07)This entry was postedon Friday, July 16th, 2010 at 12:37 pmand is filed under Great Britain Pound.You can follow any responses to this entry through the RSS 2.0 feed.You can skip to the end and leave a response. Pinging is currently not allowed. Leave a Reply
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