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View Full Version : Euro's Advance Against Pound Appears 'Ill Founded,' Merrill Says - Bloomberg



NewsWhore
05-08-2009, 05:30 AM
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Euro&#39;s Advance Against Pound Appears &#39;Ill Founded,&#39; Merrill Says (http://news.google.com/news/url?sa=T&ct=us/7-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601102%26sid%3DaIdZ9b4pKZcs%26refer%3Duk&cid=1346242827&ei=tP0DSuHfG9fpkAXahuyrBA&usg=AFQjCNElZxFcnJrj7HkTLD49zDk2VXKsYA)
Bloomberg
... of England announcement that it would extend its asset-purchase program may be unjustified, according to Bank of America-Merrill Lynch. The euro&#39;s “rally looks ill founded,” Steven Pearson, a London-based currency strategist, wrote in a note today. ...


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