The Pound becomes stronguer boosted by the Bank of England
17 Oct
The pound rose yesterday with strength according to the other currencies thanks to the Bank of England, Last Thursday, the British currency rose by 1′8% in front of the Euro to 1.11€ per pound in their biggest daily rose since January.
Comparing with the yen, the pound won a 3%, something never seen since February, in the case of the dollar, the pound rose by 1,7% to 1,62 dollars per BP.
Building of the Bank of England
The pound was boosted by the speculations pointing the Bank of England, the measures adopted to fight the crisis these month may be stopped and this would increase the value of the pound. Paul fisher, market director of the Bank of England, declared in a interview with financial times that the Bank of England could stop its program of assets repurchase to resume it lather.
