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 Trend for USD/GBP
 
 2/6/2007 9:05:13 AM
User is offlineZackery
4 posts


Trend for USD/GBP
Here what I predict about the trend. The ratio GBP/USD will be 1.98 figure or is there any chances of fall down of the GBP wrt USD? Can some analyst suggest?
 2/6/2007 10:09:16 AM
User is offlineBennett
4 posts


Re: Trend for USD/GBP
Probably until the end of 2007. No, this ratio seems to be soaring high. It would not mean that UK will not be concerned with the development of the single currency and its market. It is being ensured that UK's infrastructure is developed to allow any one who uses euro in wholesale payments, and across financial markets to do so from the first day of EMU. The UK’s commitment to EMU reflects London’s commitment to maintain its pre-eminence as a financial centre for Europe and that’s why the buying rate for GBP by USD will remain high.
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