President George W. Bush warns US Law makers to act swiftly otherwise result will be painful and lasting. US congress rejected the bailout package yesterday by 23 votes, a set back to white house.
Monthly Archive for September, 2008
Sept 30, Us dollar rebounds from early weakness due to the failure of $700 billion bailout agreement by US Congress as consumer confidence rose unexpectedly from 58.5 to 59.8 in September.
A report shows UK consumer confidence stayed at record low, pushing Pound downward against Euro. Generally traders and speculators are expecting bearish trend in pound.