| The correlation between UK banking stocks and sterling seems to be working well again Tuesday. The majors UK banks are up between 5% and 10%, GBP/USD is some 3/4 cent off the day's lows despite dire manufacturing data and the pound is a little stronger against the euro at 0.9188 from its 0.9212 low. GBP/USD trades at 1.3845. |
Tuesday, March 10, 2009
The correlation between UK banking stocks and sterling
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