Sterling falls to 24-year-low against US dollar Visit Save For Later Posted by Carlos Calabria 13 Feb 2009 Tweet Related Articles See all Forex Trading news Share it Pin It After some relatively stable trading in recent months, the trap door for the GBP/USD exchange rate opened once again in the middle of January. The pound slid below 1.3600 against the US dollar – a level last seen in 1985. The catalyst for this latest leg lower was similar to the one causing stock market weakness: the view that the UK economy is going to have a much tougher time in the recession than many other countries, coupled with the latest steps taken by the government to aid banks, raised fresh concerns about the state of the financial sector. By the end of the month, GBP/USD had managed to bounce back around 1000 points from its low but still remained more than 25% lower than where it was a year ago. You can trade currency pairs at IGIndex Like Like Post to wall 220 Reads All Financial Betting News Recent Financial Betting Articles Forex Trading Explained - what it is, how you can get going20 Nov 2011Forex is the world's most traded market, open 24 hours a day. How to go Long Euros - Buying the Euro at IGIndex20 Nov 2011This example takes you through a short-term position on one of the most popular forex markets you c How to Short Euros - Selling the Euro at IGIndex20 Nov 2011This example takes you through a short-term position: 'selling' Spot EUR/USD with a Trailing Stop. Euro $ rates ease07 Nov 2011The euro erased gains versus the US dollar this afternoon after German chancellor Angela Merkel tol Financial Betting & Forex Trading from your ipad20 Oct 2011IG Index has just launched a brand new FX and CFD trading app you can use on your ipad IGIndex launches Android Mobile Financial Betting13 Oct 2011IG Index spread betting is coming to Windows 7 devices More Stories Recent Articles Eurovision Song Contest 2012 Guide - Spain25 May 2012Spain have the best draw and a powerful performer but they face an uphill struggle to win Eurovisio Eurovision Song Contest 2012 Guide - Germany25 May 2012Germany's entry is one of the most professional of Eurovision 2012 but it Roman Lob's song Standing Irish 2000 Guineas Betting Tips - Who'll Win the Irish 2000 Guineas?25 May 2012Trainer Aidan O'Brien is responsible for four of the 11 colts that will go to post for Saturday's I Norway v England First Goalscorer Cashback at Boylesports25 May 2012Boylesports are continuing their popular First Goalscorer cashback promotion on Saturday's internat League One Play-off Final First Goalscorer Cashback at Boylesports25 May 2012Boylesports are continuing their popular First Goalscorer cashback promotion on Saturday's League O Eurovision Song Contest 2012 Betting – Sweden favourite for glory25 May 2012It is that time of year again in the world of music... it is Eurovision Song Contest this weekend! More Stories Tags Currency Pairs, Trading USD GBP, USD GBP
