29/12/2008 – the current market sentiment
The negative interest rate outlook is still effecting negatively on the British pound pushing it lower across the broad even in the times of the greenback weakness the pound suffers versus the European currencies and comes lagged behind them specially the Swiss frank which was underpinned recently by the geopolitical concerns in the middle east and the tension between Pakistan and India. The market is still waiting and ready for further bad news resulted from the credit crises and the negative