New Overnight Developments Abroad: Sharp Upturn in Sterling
October 15, 2009
The pound leaped 1.8% against the dollar and euro as the FT reported a top Bank of England official, Fisher, claiming that the asset purchase program may be paused in November. Fisher reportedly cited better confidence and higher equity prices as evidence of coming recovery. 10-year gilts rose 4 bps to 3.54%. The dollar also [...]
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