Pound Pressured as Bank of England Signals More Rate Cuts, Risk Aversion Dominates Market
Wednesday, November 12th, 2008
The Pound fell sharply against its rivals as the Bank of England said the economy will face possible a year-long recession. With inflation expected to ease significantly BoE Governor King left the door open for more rate cuts. US stocks fell increasing risk aversion.
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Duration : 0:5:12
Stocks Recover Somewhat Following Mid-Week Losses, Boosting Risk Appetite Despite Grim US Payroll Reports
Friday, November 7th, 2008
US payroll data showed the economy shedding 240K jobs, but the news did not derail a rally in European stocks and the US was in the green as well. The Yen weakened against its rivals as pairs corrected themselves from their moves in the middle of the week.
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Newscaster: Nick Nasad
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Duration : 0:4:40
