Euro 29 May
GBP/USD GBP/EUR
The Pound declined against the Euro yesterday, ending a two-day advance, while the UK currency also found strong support around $1.5850 versus the U.S Dollar, after outgoing Bank of England policy maker David Blanchflower said that he doubted whether the UK economy would grow this year or next. Blachflower's pessimistic outlook for the economy has poured scorn on suggestions that we're through the worst of the recession.
The Pound declined against the Euro yesterday, ending a two-day advance, while the UK currency also found strong support around $1.5850 versus the U.S Dollar, after outgoing Bank of England policy maker David Blanchflower said that he doubted whether the UK economy would grow this year or next. Blachflower's pessimistic outlook for the economy has poured scorn on suggestions that we're through the worst of the recession.