The pound is on an immensely strong day on the foreign exchange market; it has reached an 11-month high against a basket of currencies while versus the US dollar it has reached a 6-month high.
After a round of good earnings data - with big bank HSBC posting better-than-expected profits for the first half - the pound is certainly more attractive for international investors today.
The dollar, meanwhile, is on a broadly weaker streak.
02 August 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment