British Pound: How Much Further Can It Fall?
January 20, 2009 at 10:07 AM EST
The British pound has fallen to a 7 year low against the US dollar and a record low against the Japanese Yen. Over the past 3 trading days, the GBP/USD has dropped more than 1000 pips or 7 percent. Consumer prices were hotter than the market expected, so what has fueled this aggressively selling? One answer [...]