|
World Currency Watch with ForexGen
forex,forex,forex,forex
|
Blog For Free!
Archives
Home
2008 April
tBlog
My Profile
Send tMail
My tFriends
My Images
Sponsored
Blog
|
| World Currency Watch with ForexGen |
| 04.24.08 (3:52 am) [edit] |
|
World Currency Watch with ForexGen
The ECB's and BOE's rate decisions puts more wind to the back of EUR/GBP!
The Eurozone and the U.K. economies continue to diverge.
For years and years, these two economies followed each other up and down in "lock step". Then the credit/sub-prime crisis hit. This pushed the U.K. economy lower as they experienced the same things that America experienced: Hedge fund blow ups, banks struggling, housing prices falling, etc.
On the other hand, many other European banks didn't have as much exposure to "sub-prime" as did the "financial epicenter", the U.K.
So as these economies "de-linked" and continue to diverge, it's produced a heck of an uptrend in the EUR/GBP pair. Click on the chart to enlarge it below.
Learn more about Forex Market News with ForexGen at
www.forexgen.com
|
|
0 Comments
|
| |
|
|
