Posted by Allison on 24 March 2009, 10:17
Have you been checking your currency converter over the past week, taking a look at how the markets have been shaping up? If you have then you may well be aware of what has been going on already.
Posted by Allison on 24 March 2009, 10:16
There are continually negative reports coming from all quarters - and indeed many countries - as far as the credit crunch is concerned, and this is not helping anyone with regard to their exchange rates.
Posted by Allison on 24 March 2009, 10:15
Well the excesses of the traditional Christmas period are over, although the excesses which led to the credit crunch are still being firmly felt in the currency markets as well as elsewhere.
Posted by Allison on 24 March 2009, 10:14
So here we are into Christmas week, and we have more currency exchanges to get our teeth into. If you remember from our previous report, we had yet more bad news to tell you about.
Posted by Allison on 24 March 2009, 10:13
Last week was certainly a week where we reported highs and lows, but in the end they all evened out to produce losses in many countries for the beleaguered British pound.
Posted by Allison on 24 March 2009, 10:12
So the question this week is whether the second week in December was any better than the first week. It surely couldn't be any worse, after the large number of disappointing results we had last week.
Posted by Allison on 24 March 2009, 10:11
The gloomy economy is causing problems for many currencies, and the pound is one of those that is having the biggest amount of trouble in stabilising itself.
Posted by Allison on 24 March 2009, 10:10
After a week in which the pound finally dropped below the $1.50 mark against the US dollar, last week followed on by actually giving us a better performance with the pound.
Posted by Allison on 24 March 2009, 10:08
If you are a regular reader of these reports then you will know that the pound hasn't been doing too well of late.
Posted by Allison on 24 March 2009, 10:03
The previous week wasn't exactly a good one for the pound, but we had a feeling even then that we hadn't seen the last of the bad news.