| The correlation between banking stocks and sterling is back on Monday with the major UK bank shares down between 6% and 9% and sterling falling across the board. GBP/USD just made a fresh 5-week low of 1.3942 while EUR/GBP is at a 3-week high of 0.9043. The central bank doesn't explain changes in its monthly reserves position. |
Monday, March 9, 2009
The correlation between banking stocks
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