The Euro And The Sterling Fall On Indications That The ECB And BOE Will Cut Rate

  • October 22, 2008

The euro fell below $1.28 for the first time since November 2006 and the pound tumbled to a five- year low on speculation European central banks will cut interest rates as the global economy heads for recession. The Euro also slid to the weakest in more than four years versus…
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October 22nd, 2008
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