GBP Notes

Market talks the US Economy has consolidated aftermath of sub-prime housing loans meltdown and the USD has taken full discount. US govt is releasing 1st round of pump priming cheques and having found bottom is now poised to rebuild. Mood on US news is generally positive. Eyes now on Fed meeting Wed 1st May, rumouring announcement of last small interest cut and thereafter Feds to rest and observe. GBP retraced week’s loss (since 22nd) of 2 points last Friday 27th and currently circa 1.98.

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