My next item in watch-list is currency pair EUR/GBP. In terms of interest rates policy in 2008 ECB had been the least aggressive bank by cutting rates only 150 bp to 2,5%. Bank of England had slashed the rates by 350 bp. In 2009 I expect ECB to be more aggressive with interest rates policy.
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Currency pair EUR/GBP has accelerated especially in the beginning of November almost to equal value. Last 12 months track shows appreciation of EUR around 30%.
Related tickers: (FXB), (FXE),
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