March 05, 2009 at 13:40 PM EST
Euro and British Pound Crushed by Rate Decisions
The Euro and British pound have come under severe selling pressure after the ECB and BoE cut interest rates by 50bp. Interest rates are now at historic lows for both central banks and even though the rate announcements were negative for both currencies, the Euro has sold off more aggressively than the British pound because [...]
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