Sterling Continued to Fall Against the US Dollar
By Daisy Nelson on May 14, 2010
Investors were expecting a weak sterling to revive the country’s exports, but those expectations failed to materialise Larry Hatheway from UBS is very bearish on sterling, expecting the currency to fetch $1.3500 by the end of the year. That’s almost a 7% decrease on the current price of $1.4500. At its first cabinet meeting on Thursday, the new government pledged to accelerate deficit reduction. It has vowed to implement spending cuts worth 6 billion pounds this year, but details remain vague.
“There are problems in the euro zone and the fiscal restraints will hurt growth, and the UK will need to do the same,” said Geoffrey Yu, currency strategist at UBS.
You may also like
Automobiles are becoming part and parcel of our life. It is very interesting to note that, Researchers have found that the satisfaction in...Read More
Definition Tree surgeons primarily known as arborist or arboriculturist are professionals who cultivate and manage trees, vines and shrubs. They do not study or...Read More
JoomSEO is a Search Engine Optimizing(SEO) bot making Joomla content more Search Engine Friendly(SEF).JoomSEO dynamically creates meta keywords, meta descriptions, changes the title on...Read More
With the focus in modern times being purely on conserving natural resources and saving money, it is becoming necessary for many people to start focusing...Read More
Getting married is one of the most important events in a person’s life, and the ring which marks the occasion should be equally as...Read More
Nowadays, embroidery digitizing became the secret key to attracting more and more clients towards the business in the highly competitive environment and also this...Read More