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Daily Video Recap (3/1/10): Pound Plunges on Political Uncertainty

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Uploaded by on Mar 1, 2010

Monday, March 1st, 2010
Recap: The Pound plunged today as a result of polls showing the probability of a hung Parliament in the UK which would make it difficult for the government to agree on measures to cut the ballooning budget deficits. The Euro slid as well. However positive news from the US on consumer spending and manufacturing gave the Dollar a boost against the Yen and helped buoy higher yielders. A strong GDP release from Canada helped the Canadian Dollar surge vs. its rivals.

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News & Politics

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