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prasxz
Mar 12 2007, 05:30 AM
Hi all why GBP suddenly down from 1.94 to 1.92 today? is there any significant news out there ?
mutant dog
Mar 12 2007, 10:42 AM
Something to do with russian banks selling pounds and buying yen, apparently.

There seems to be some kind of odd correlation between pound and yen recently.
phildunn
Mar 12 2007, 09:06 PM
QUOTE(mutant dog @ Mar 12 2007, 10:42 AM) [snapback]3816066[/snapback]

Something to do with russian banks selling pounds and buying yen, apparently.

There seems to be some kind of odd correlation between pound and yen recently.


g/u is considered as high yeild currency as well as nzd/usd and aud/usd. They have strong correlation with yen because of carry trade.
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