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Cable having opened lower, steady early

By   || November 27, 2009 at 06:52 GMT
|| 2 comments || Add comment

Cable lost about a full cent overnight in Asia, presently down at 1.6405.  As well as having to contend with generally heightened risk aversion, the pairing has also been weighed down by the news that the Government is to cut its growth forecast for 2009.

Chancellor Darling is set to use the pre-Budget report next month to slash his forecast for this year to the lowest level in post war history.

No economic data releases today. Eyes will be on European stockmarkets to see how they fare after yesterdays sharp losses.

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Category: All, Economy, Europe, Politics/Policy, Regions
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2 Responses to “Cable having opened lower, steady early”

  1. Adje on November 27th, 2009 07:02 GMT

    Morning gerry.

    I go back to sleep.
    Please wake me when EUR/JPY hit 125.50 area.

    If they won’t I have to go to Spank some japanese cause they spanked me while I sleep.

    So please, do me a favor japanese. Go straight. Thanks

  2. gerry davies on November 27th, 2009 07:05 GMT

    Morning Adje, OK will do. Have a nice kip.

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