What effect would the current financial crisis has to the forex value of the Pound Sterling? ?

Would GBP continue to depreciate against USD? What about against currency of Asia countries e.g. SGD?

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Posted in: forex trading tools

Tags: crisis, current, effect, financial, forex, Pound, Sterling, value, would

This entry was posted on Sunday, January 31st, 2010 at 8:46 am and is filed under forex trading tools. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

3 Responses to “What effect would the current financial crisis has to the forex value of the Pound Sterling? ?”

James K January 31st, 2010 at 8:57 am

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forexlady January 31st, 2010 at 9:34 am

The US economic slowdown has just started to affect world economies. In my opinion, and the opinion of quite a few economists, the rest of the world is the beginning of longer economic cooling while the US is closer to the end of one (although the end is not that near).

What this means for the GBP – the GBP has already fallen more than 10% against the USD since July 08. Why has this happened? Quite simply, the US is world’s biggest consumer and when US spending slows eventually the rest of the world’s exports slow.

In general, if you want to follow these currencies, you can check out any of the following reputable news sites:
http://www.dailyfx.com
http://www.fxstreet.com
http://www.onlineforextrading.com/blog
finance.yahoo.com/currency

Ed Atun January 31st, 2010 at 10:17 am

No effect at all. Nothing will change with the Pound..