Jul 13
Forex markets accross the board were rather mixed after yesterdays close in London, with the Pound confined to tight ranges particularly as the Euro halted its 5 day rally against its counterparts.
Sterling fell to a low against the dollar of $1.4946 in the wake of the release of the UK final Q1 GDP data, which highlighted the fragility of the UK’s economic recovery. It bounced back only to fall again in later trading after S&P announced that it was maintaining its negative outlook on the UK’s AAA credit rating. This …
Forex Rate - Forex and Exchange rates