Sterling Exhibited a Heavy Tone
This post by larrygreenberg has been reprinted from Currency Thoughts.
Comments OffSterling sank to a low of $1.4832, its weakest dollar level in about 2-1/2 years. The trigger for today’s decline was the announced 1.2% plunge of British industrial production in January that erased December’s 1.1% advance and left production in November-January 0.9% below the August-October level. Production in January was 2.9% weaker than a year [...]
larrygreenberg @ March 12, 2013