skip to main |
skip to sidebar
World Currency Watch with ForexGen
World Currency Watch with ForexGen
The ECB’s and BOE’s rate decisions puts more wind to the back of EUR/GBP! 
The Eurozone and the U.K. economies continue to diverge. For years and years, these two economies followed each other up and down in “lock step”. Then the credit/sub-prime crisis hit. This pushed the U.K. economy lower as they experienced the same things that America experienced: Hedge fund blow ups, banks struggling, housing prices falling, etc. On the other hand, many other European banks didn’t have as much exposure to “sub-prime” as did the “financial epicenter”, the U.K. So as these economies “de-linked” and continue to diverge, it’s produced a heck of an uptrend in the EUR/GBP pair. Click on the chart to enlarge it below. Learn more about Forex Market News with ForexGen at www.forexgen.com
The Eurozone and the U.K. economies continue to diverge. For years and years, these two economies followed each other up and down in “lock step”. Then the credit/sub-prime crisis hit. This pushed the U.K. economy lower as they experienced the same things that America experienced: Hedge fund blow ups, banks struggling, housing prices falling, etc. On the other hand, many other European banks didn’t have as much exposure to “sub-prime” as did the “financial epicenter”, the U.K. So as these economies “de-linked” and continue to diverge, it’s produced a heck of an uptrend in the EUR/GBP pair. Click on the chart to enlarge it below. Learn more about Forex Market News with ForexGen at
No comments:
Post a Comment