Intraday Market Thoughts
Archived IMT (2008.09.28)
Sep 28, 2008 23:22
While much attention focused on the passing of the rescue package (TARP) and the resulting rally in the dollar and US equity futures, traders must also be alerted of the NATIONALISATION OF BRADFORD & BNGLEY, the large UK mortgage lender. Spain's Banco Santancder is said to take the bank off the hands of the Treasury. GBPUSD has tumbled 150 pips in early Asian trade reaching $1.8265.
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