POUND
Sterling is trading slightly down against the Euro this afternoon but remains within 1.57 against the USD. Concerns that the UK economic outlook will deteriorate further as a result of the euro zone debt crisis is continuing to heat up . Mervyn King said yesterday that UK banks should build up capital to insure against the “exceptionally threatening” situation developing in the Euro zone which could well halt growth in the UK economy.
Sterling is trading slightly down against the Euro this afternoon but remains within 1.57 against the USD. Concerns that the UK economic outlook will deteriorate further as a result of the euro zone debt crisis is continuing to heat up . Mervyn King said yesterday that UK banks should build up capital to insure against the “exceptionally threatening” situation developing in the Euro zone which could well halt growth in the UK economy.
