Sterling approaches parity vs the euro

By Lloyds TSB Corporate MarketsDec 20, 2008 07:00PM ET

www.investing.com/analysis/fundamental/sterling-approaches-parity-vs-the-euro-15141

Sterling approaches parity vs the euro

By Lloyds TSB Corporate Markets | Dec 20, 2008 07:00PM ET

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The pound fell by 3.5% against the euro to a low of 1.0467, as prospects for the UK economy deteriorated further and speculation rose that the BoE will cut base rates to 1% in January.

The dollar depreciated against almost all major currencies as the Fed cut its funding rate to a target range of 0%-0.25%, and said that it would keep interest rates at an exceptionally low level for ‘some time’.

Bond yields and swaps fell sharply across the world this week as central banks evaluate new initiatives to boost liquidity and consider buying longer-term securities. The ECB lowered the deposit rate and raised the overnight lending rate.

Sterling Approaches Parity Vs The Euro

Sterling approaches parity vs the euro By Lloyds TSB Corporate Markets - Dec 20, 2008

The pound fell by 3.5% against the euro to a low of 1.0467, as prospects for the UK economy deteriorated further and speculation rose that the BoE will cut base rates to 1% in...

Morning Forex Overview By - Dec 17, 2008

Previous session overviewOn Wednesday, the dollar was sold off sharply versus all its major rivals as investors concluded there was little reason to hold the currency after the Fed...

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Deutsche Bank EUR USD (1.3020) For most of Thursday the euro just hovered above what appears to be the magnetic $1.30 level. A dip in eurozone manufacturing early in the European...

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

May 07, 2025

ECB

2.65%

Apr 17, 2025

BOE

4.50%

May 08, 2025

SNB

0.25%

Jun 19, 2025

RBA

4.10%

May 20, 2025

BOC

2.75%

Apr 16, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

May 01, 2025

CBR

21.00%

Apr 25, 2025

RBI

6.25%

Apr 07, 2025

PBOC

3.10%

BCB

14.25%

May 07, 2025

US 30	37,080.0	-1234.9	-3.22%
US 500	4,908.3	-165.8	-3.27%
Dow Jones	38,314.86	-2231.07	-5.50%
S&P 500	5,074.08	-322.44	-5.97%
Nasdaq	15,587.79	-962.82	-5.82%
S&P 500 VIX	52.88	+7.57	+16.71%
Dollar Index	102.710	-0.058	-0.06%

Crude Oil WTI	59.67	-2.32	-3.74%
Brent Oil	63.24	-2.34	-3.57%
Natural Gas	3.718	-0.119	-3.10%
Gold	3,043.60	+8.20	+0.27%
Silver	30.253	+1.023	+3.50%
Copper	4.3268	-0.0753	-1.71%
US Soybeans	971.63	-5.38	-0.55%

U.S. 10Y	3.955	-0.036	-0.90%
U.S. 30Y	4.414	+0.024	+0.55%
U.S. 5Y	3.635	-0.076	-2.05%
U.S. 3M	4.245	-0.023	-0.54%
US 10Y T-Note	113.44	+0.39	+0.35%
Euro Bund	131.60	+1.08	+0.83%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	188.38	-14.81	-7.29%
NVIDIA	94.31	-7.49	-7.36%
Alphabet A	145.60	-5.12	-3.40%
Tesla	239.43	-27.85	-10.42%
Amazon.com	171.00	-7.41	-4.15%
Netflix	855.86	-61.19	-6.67%
Meta Platforms	504.73	-26.89	-5.06%

Sterling approaches parity vs the euro

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