Monday, February 18, 2008

Mon Feb 18th Report

CURRENCY
RATE
EURGBP
Euro - Sterling
0.7418
GBPEUR
Sterling - Euro
1.3165
GBPUSD
Sterling - US Dollar
1.9320
EURUSD
Euro – US Dollar
1.4506
GBPAUD
Sterling - Australian Dollar
2.1150
GBPNZD
Sterling - New Zealand Dollar
2.4370
GBPCAD
Sterling - Canadian Dollar
1.9410
GBPZAR
Sterling - South African Rand
14.7205
EURSEK
Euro - Swedish Krona
9.2927
EURDKK
Euro - Danish Krone
7.4533
EURNOK
Euro - Norwegian Krone
7.8869
GBPSEK
Sterling - Swedish Krona
12.3738
GBPDKK
Sterling - Danish Krone
9.9233
GBPNOK
Sterling - Norwegian Krone
10.5006
GBPJPY
Sterling – Japanese Yen
212.80

INTEREST RATES

UK
Base Lending
5..25
USA
Base Lending
3.00
EUROPE
Base Lending
4.00

Annual Euribor
4.75

Monthly Euribor
4.29

3 Month Euro Libor
4.78

6 Month Euribor
4.79

IRPH
5.56

Latest Market News

British Pound Rally Comes to an End

After moving higher for five days straight, the British pound’s rally has finally come to an end. There was no UK economic data released friday which means that the move was driven almost entirely by dollar weakness.

Fury over Northern Rock nationalisation

Alistair Darling on Sunday announced the first nationalisation of a sizeable British bank in a quarter of a century as he put Northern Rock into public ownership, infuriating shareholders and shocking the two private bidders hoping to take over the stricken mortgage lender.
Visibly concerned to avoid queues forming outside branches this morning, the chancellor and Ron Sandler, Northern Rock’s new executive chairman, insisted it would be “business as usual”.

info@imsfx.org

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