As signs of the economy begin to improve the Federal Reserve board is expected to keep Key Rates at historic lows. These key rates are what the treasury charges banks to borrow money then in return the Banks loan this money to customers and businesses. The Fed had hoped that … Read More »
Archive for August, 2009
Federal Reserve Will keep Key Rates At Record Low
Monday, August 10th, 2009The Sterling Hit’s New Highs
Monday, August 3rd, 2009A month ago we dwelled on the Pound’s reluctance to move above $1.67, the high achieved at the end of last October. Investors have been on a rollercoaster ride throughout July with the GBPUSD rate blundering between 1.63 and 1.66. The ride must have gathered momentum however, trading around 1.69 … Read More »