| |
All Current Economic Forecasts are now stored in our new look Monthly Market Focus, which can be downloaded below: April/May 2004
Dollar to Make More Gains
* Stronger economic activity in the US saw the euro fall below the $1.20 mark in April. Though still volatile, this period of dollar recovery could be extended towards the $1.15 level . . . . * Sterling has lost ground versus both the US dollar and the euro. However, with brighter UK economic prospects and higher UK interest rates, a fresh move by sterling/euro towards £0.65 could be on the cards . . . . .
|
