03/09/09 - Daily Forex Market News from cmsfx.com

Pound Slides Heavily in Wake of Lloyd's Deal with Govt; Greenback Gains on Risk Aversion Overnight
Monday, March 9th, 2009
Recap: The Pound was pressured heavily, falling 400 pips vs the Dollar, 360 pips vs the Franc and 200 pips vs the Euro. Traders sold the Pound as a result of a plan in which the government took control of 77% of Lloyds Bank. The greenback gained on weaker global stocks.

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