Monday, March 1, 2010

Standard Bank: pound / dollar continues to decline

According to currency analysts Standard Bank, within the next month or two pound / dollar may fall to a mark of 1.45. Bank analysts pay attention to opinion polls, according to which no party is likely to not win a majority at the regular election in the British Parliament - in a situation of "hung" parliament solution to reduce the budget deficit the UK may deadlock. In addition, note in the bank, if the Bank of England will continue easing monetary policy, possibly through the re-purchase the assets of the state program, it could put additional pressure on the British pound. At the moment pair Pound / dollar is at 1.4919.

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