The pound sterling (IPA: /paʊnd 'stɜː.lɪŋ/, symbol: £; ISO code: GBP), often simply called the pound, is the currency of the United Kingdom, its Crown dependencies (the Isle of Man and the Channel Islands) and the British Overseas Territories of South Georgia and the South Sandwich Islands[1] and British Antarctic Territory.[2] It is subdivided into 100 pence (singular: penny).The Gibraltar pound, Falkland Islands pound and Saint Helena pound are separate currencies, pegged to the pound sterling.Sterling is the third-largest reserve currency, after the US dollar and the euro.[3] The pound sterling is the fourth-most-traded currency in the foreign exchange market after the US dollar, the euro, and the Japanese yen.[4]

Blog Archive

Friday, April 3, 2009

FX round-up: Sterling moves ahead

LONDON (SHARECAST) - Sterling gained against the dollar as equities moved ahead and data showed UK house prices rose for the first time since late 2007.
G20 optimism washed over the markets as news of a $1trn stimulus package left them bathed in a sea of blue.
UK house prices increased for the first time since October 2007 last month as house purchase activity leapt to its highest since May last year, according to the Nationwide Building Society.
The average cost of a home rose by 0.9% in March to Ј150,946, leaving the annual decline at 15.7%. Prices fell 1.9% in February and 17.6% over the year.
The euro was only slightly lower after the European Central Bank (ECB) slashed interest rates to an all time low of 1.25%, surprising analysts who had expected an even larger 50 basis point cut.
Автор: на

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)