Where is Sterling Pound Heading after 10 Jan 2008 Interest Rate announcement?

Since the beginning of 2008, sterling pound had been expected to fall with the expectation of a rate cut. In fact, Interest Rate is one of the most important movers of a currency. You can look at my previous article about interest rate here.
This expectation of an interest rate cut had been gaining momentum due […]

Fed Cut Interest Rate by 0.25%

Finally the biggest mover of the currency market has passed. As mentioned in my previous article, as expected, Federal Reserve has lowered Fed fund and discount rate to 4.25% from previous 4.5%.
To many analysts, that was a disappointment as they had hoped for a bigger cut of 0.5%. In the stock market, immediately after the […]

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