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Sterling drops to 17-month low

The pound dropped to a 17 month low of 1.5030 against the dollar from the earlier high of 1.5118 as speculation mounts the Bank of England will keep interest rates at a record low throughout 2015

By Richard Nehme | Jan. 9, 2015 09:41 GMT
Euro continues to benefit from weaker USD
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Euro continues to benefit from weaker USD

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International News

The euro weakened to 1.1752 against the dollar yesterday from the high of 1.1848 after German factory orders fell -2.4% in November. Producer prices in the Eurozone fell to -1.6% YoY in November all building the case for additional ECB stimulus. This morning German Industrial output fell to -0.1% in November [...]

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