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Nine day decline might get worst for the pound against dollar

Posted by Finotec Group Inc. in September 8th 2008  
Fundamental The U.K. pound advanced before a government report that may show producer-price inflation held near the highest level in more than two decades, making it less likely the Bank of England will cut interest rates. The pound snapped a nine-day decline against the dollar before a government report economists forecast will show prices charged by factories in August probably rose 10.2 percent in the year, the same as in July. Bank of England policy makers kept the main rate at 5 percent Read More...

Filed under: Technical