Sterling Digest: February 28, 2012


Gas prices rip the economy apart

All economies will feel this rise in oil and gas prices

Little price action in sterling versus the USD, JPY, and CHF as those pairs ($GBPUSD, $EURGBP, $GBPCHF) moved in narrow ranges yesterday. However, sterling did see nice moves versus the commodity dollars in the $GBPCAD, $GBPAUD, and $GBPNZD as rising oil prices becomes the story of the market this week.

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