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US GDP Contracts
Fri, 31 Oct 08 05:00 am
US GDP has contracted by 0.3% for the third quarter triggering another round of risk aversion for global investors.
UBS Announces Debt Write-Off as Producer Price Index Climbs
Thu, 30 Oct 08 05:00 am
Swiss Bank UBS announces �5.1 billion dollar write-offs of bad debts, the Producer Price Index shows the highest annual jump in over a decade and house prices continue to fall as the credit crunch enforces strict lending criteria for banks.
Pound Continues to Slide as King Warns of Slowdown
Thu, 30 Oct 08 05:00 am
The Pound continued to slide yesterday against the Dollar and the Euro, as King warns of further slowdown before recovery.
US Dollar Gains While Others Continue to Slide
Thu, 30 Oct 08 05:00 am
Europe teeters on brink of recession amidst news of negative growth in the second quarter while the comeback of the US Dollar continues to force other major currencies to slide.
US Dollar Stabilizes as Major Banks Announce Losses
Thu, 30 Oct 08 05:00 am
The US Dollar continued to stabilise over the weekend, perhaps indicating a new phase in the rehabilitation of the US currency as well as relief for US importers and UK and European exporters.
US Dollar Slows as UK House Prices Fall
Thu, 30 Oct 08 05:00 am
A brief glitch in the slow but steady rise of the US Dollar was experienced yesterday in reaction to the recovery in commodity prices and UK home ownership data adds to recession fears.
Pound Remains in Lull
Thu, 30 Oct 08 05:00 am
The Bank of England has opted to maintain their position in the interest rate dilemma and Euro-Pound conversion rates fall even further overnight.
Retail Data Defies Expectations
Thu, 30 Oct 08 05:00 am
ONS figures indicating that retail spending has increased, despite the effects of the credit crunch, has been met with a mixed reaction from retailers and economists.
Dollar Continues to Climb
Thu, 30 Oct 08 05:00 am
The Pound and the Euro have continued to slide against the US dollar as the threat of recession becomes more vivid for the UK.
Weak Euro and Pound Support Dollar
Thu, 30 Oct 08 05:00 am
The Euro and the Pound remained weak overnight against the Dollar, dipping to 2 year and 6 month lows respectively.
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Today's Currency News
Despite very strong news on the growing UK export market, the week is starting with a downwards...
Currency Rates
| US Dollars | 1.5379 |
| Euros | 1.2011 |
| Swiss Francs | 1.5540 |
| Australian Dollars | 1.6795 |
| South African Rand | 11.132 |
| GBP indicative mid-market rate at 04:50. Please call for quote. | |
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