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Day: March 5, 2008
March 52008
Pound at All Time Low against Euro
The Great Britain pound fell to its lowest historical value against the euro today after the pessimistic economic news were released in UK. Pound also lowered against other major currencies today. Two major news releases came out today in UK consumer confidence and new permanent jobs. The labor market in February was declining according to the KPMG and the Recruitment and Employment Confederation. They reported that the number of the new workers […]
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March 52008
Dollar Continues to Lose Positions
Dollar continued to lose its positions on Forex market today. After the major economic releases came out in U.S. EUR/USD touched a new absolute maximum at 1.5300 and even GBP/USD recovered from the weekly bottom, which was formed after the bad macroeconomic statistics in was released in U.K this morning. Productivity in the non-farm sector of economy in the fourth quarter of 2007 grew faster than expected at 1.9%, […]
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