Tuesday, July 17, 2007

Dollar falls to 26-year low vs sterling

(Reuters) - The data bolstered expectations that interest rates in Britain -- already the highest among Group of Seven industrialized nations at 5.75 percent -- could climb beyond 6 percent by the end of the year.




"It might be more or less factored in, but it looks like interest rates are headed higher in Europe," said a trader for a major Japanese trading house.


Read more at Reuters.com Hot Stocks News

No comments: