Wednesday, 28 October 2009

Pound Sterling strength - Gains for GBP against EUR SEK AUD NZD CAD CZK ZAR

The pound has started off the morning making gains against most major currencies and staying pretty much stable against the Dollar.

It appears confidence is slowly rising in the U.K and investors are once again willing to invest in the perceived 'Risky Pound'.

today is actually the final installment of Quantitative easing in the U.K and at present no further QE has been pencilied in - however be aware that following confirmation that the U.K is still well and truely in a recession there may be further QE announcements at next Thusday's Bank of England interest rate decision at 12:00.

The mere mention of more QE may lead to these gains dropping away, but then and again they may hold out for another month to see how things pan out with the current programme.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

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Have a great day and thanks for reading!

Daniel Wright

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