Tuesday, June 3, 2008

Pound Woes Continue

The Pound is still on shaky ground at the moment and is still hanging onto the 1.9500 level. The current mortgage and housing market conditions in the UK look set to effect the UK economy in a major way and will increase the pressure on the Bank of England to cut rates this week. This though will only strength the Euro Pound exchange rate to above 0.8000.

1 comment:

Euro Pound Exchange Rate said...

I hope the Euro pound exchange rate will increase more by 2011