Pound Pressured by Weak Economy, Euro Boosted by ECB Official's Comments, US Sees Strong Durable Goods Orders
Wednesday, August 27th, 2008



Recap: The Pound plunged against its main rivals, continuing a trend started with the BoE's last meeting. The Euro rose overnight following hawkish comments from ECB council member Axel Weber. The Dollar, weaker overnight, strengthened in NY trading following a good orders report.

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