Archived IMT (2009.03.24)

by Ashraf Laidi

Mar 24, 2009 12:51

Faster than expected increase in UK inflation is providing GBP with deeper gains across the board, weghing on EUR and USD, while lifting it off the lows against JPY. Todays breach of $1.47, suggests $1.4880 to be the next real test for the current advance. Watch the latest on Barclays' I-Share division and a possible sale to Goldmans, which could prop up the bank's shares and the currency.

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