October 29. British pound jumps to $ 1.6330 before FOMC announcement in Washington at 2.15 pm. Investors and brkers are expecting Federal Reserve to cut interest rate by one percent.
Monthly Archive for October, 2008
October 29. FOMC will announce any decrease in interest rate at 2.15 pm. in Wasgington.
October 29. Federal Reserve May cut its interest rate by one percent today. The commerce department will issue an importan economy report tomorrow which shows that economy shranked more than expected.
October 27. The president of ECB central bank said that bank may cut its interst rate in its policy meeting on November 6.
October 27. Investors should sell Canadian currency against U.S. dollar as declining expectation for Global growth push down prices for Oil for nation export, said RBC capital Markets Inc. in its report.