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View Full Version : Pound Weakens as Slowing U.K. Growth Damps Rate-Increase Bets - Bloomberg



NewsWhore
08-27-2011, 04:10 AM
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Pound Weakens as Slowing U.K. Growth Damps Rate-Increase Bets (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEADJLa4MT6jPPj4FqCWrlkY8g9Og&url=http://www.bloomberg.com/news/2011-08-27/pound-weakens-as-slowing-u-k-growth-damps-rate-increase-bets.html)
Bloomberg
“Sterling&#39;s weakness is a function of anemic growth numbers and the market&#39;s expectations of low interest rates,” said Simon Derrick, chief currency strategist at Bank of New York Mellon Corp. in London. “The bad run of data supports the Bank of ...

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