GBP/USD 1.5735 George Osborne, Chancellor of Britain, proposed last week an extreme spending cut of over 80 billion pounds in order to cope with the nation’s budget deficit of 156 billion pounds. According to economists, however, this action was ‘insane.’ As a result, the pound will drop below $1.40 this year, stated John Taylor, chief [...]
EUR/GBP The pair last week was quite unstable: the opening price of the euro against the pound last Monday, Oct. 11 was 0,8769, and on Friday, Oct. 15 it reached the closing price of 0.8738. This week, we observe the opposite tendency of growth – this Monday the pair opened at 0.8721 and is currently [...]
EUR/USD Last week the euro’s growth slowed down although it still attempted to race against the dollar until the middle of the week. On Monday, Oct. 11 it opened the week at 1.3995 and closed it at 1.3975 dollars on Friday, Oct. 15. The highest the euro managed to reach during the previous week was [...]
