Day: December 24, 2007

Euro Rises before Christmas

The euro rose against all other major currencies today spurred by the carry trading optimism and weakness experienced by the Great Britain pound and the U.S. dollar. EUR/GBP reached its historical maximum as the pound has been losing its weight against other currencies on Forex. Bank of England monetary policy is currently aiming on a lower interest rates, while the real estate sector in the United Kingdom is suffering a sharp decline in house […]