Friday, April 24, 2009

Barclays Capital predicts decline in the pound against other currencies risk

According to analysts Barclays Capital, the British pound was one of the currencies of B10, which is an increase in premiums on risky assets following the bankruptcy of Lehman Brothers has had the most negative effect. The bank believed that the British pound, along with Australian and New Zealand dollars, has received the greatest benefit from the return of investors to the markets of risky assets. Despite the fears of lowering the ratings have a major impact on the pound, Barclays Capital analysts believe that, ultimately, the British currency would benefit from the revival of interest in risk. However, reducing the likelihood of rating could lead to reduction of the British pound relative to other risky currencies (Australian and New Zealand Dollar).

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