British Pound Gives Back, Euro Advances on Hopes for Greece Bailout
Posted 02-09-2010 at 10:33 AM by DailyFX
Tags currencies, eur, forex, gbp, usd
The British Pound failed to hold ground during the overnight trade and weakened against the greenback for the fifth day to reach a low of 1.5566, and the currency is likely to face increased volatility over the next 24 hours of trading as the Bank of England is scheduled to release its quarterly inflation report tomorrow at 13:30 GMT.
Talking Points
• Japanese Yen: Down Across the Board
• Pound: Trade Deficit Widens as Imports Jump
• Euro: President Trichet Heads to EU Summit Ahead of Schedule
• US Dollar: Wholesale Inventories, IBD/TIPP Economic Optimism on Tap
Read more: DailyFX - British Pound Gives Back, Euro Advances on Hopes for Greece Bailout
Will the EUR/USD Continue to Retrace the Decline From January? Join us in the Forum
Talking Points
• Japanese Yen: Down Across the Board
• Pound: Trade Deficit Widens as Imports Jump
• Euro: President Trichet Heads to EU Summit Ahead of Schedule
• US Dollar: Wholesale Inventories, IBD/TIPP Economic Optimism on Tap
Read more: DailyFX - British Pound Gives Back, Euro Advances on Hopes for Greece Bailout
Will the EUR/USD Continue to Retrace the Decline From January? Join us in the Forum
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