5 Reasons Why the British Pound is Being Pounded
March 01, 2010 at 10:21 AM EST
With mixed to slightly better than expected U.K. economic data, traders may be scratching their heads about why the British pound has collapsed more than 300 pips this morning. Here are a couple of reasons: 1. Britain’s Prudential announced plans to buy AIG’s Asia operations for $35.5 billion in cash and stock - since this is [...]