Intraday Market Thoughts
Archived IMT (2009.05.21)
by
May 21, 2009 9:39
Sterling drops across the board, down 2 cents to $1.56 after S&P downgrades UK credit ratings to negative from stable, adding that UK public finances are "deteriorating rapidly". Sterling shrugs the stronger than expected UK retail sales. EURGBP at 0.8840 from 0.8724.
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