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Market Report
Monday 17th September 2007
Due to the events of Friday, we are currently seeing a 14 month low for Sterling against Euros. The obvious major factor was the Bank of England helping Northern Rock, but we also saw right move show that house prices in London have fallen by the most in the last three years.
Today in the Eurozone we have the release of Trade Balance figures, which may have a small impacty today. However, all eyes today will be on news from the UK in relation to Northern Rock.
Enjoy another exciting today, and dont be too surprised if we see further Sterling weakness.
DE
