Forex GBP/USD fails at 1.5490, drops to 1.5400 area

Forex GBP/USD fails at 1.5490, drops to 1.5400 area
FXstreet.com (Barcelona) – Pound’s upmove from 1.5350 low on Thursday extended higher on Asian session, and favoured by improved risk appetite the pair reached 1.5490 -Sept 1 high- on early European session where sellers showed up to send the Sterling almost 90 pips lower hitting an intra-day [...]

Europe’s Recovery Almost Stalls as Investment Drops (Update2)

Europe’s Recovery Almost Stalls as Investment Drops (Update2)
March 4 (Bloomberg) — Europe’s recovery almost came to a halt in the fourth quarter of 2009 as companies continued to cut investment while consumers held back spending , countering a gain in exports.
Read more on Bloomberg