Monexnews-pound sterling strengthened versus the Greenback turned thin after one of the Bank of England policy maker denied any talk of negative interest rates. Charles Bean on Wednesday insisted that for the moment the BoE has no plans to impose what is called negative interest rates. Cable is also helped by the projection of the 2nd United Kingdom GDP 4th quarter are a bit better than estimated, though it was not enough to defuse the threat of a recession in the 3rd since 2008.
"The GDP Figures were relatively in line with expectations helped Sterling to rebound, selling action after being hit in the last few days. But it appears to be only a rebound will last a while, then come back to continue weakening to below $ 1.50, "said Bernd Berg, analyst with global forex Credit Suisse.
The pound sterling has plummeted about own recorded 6.8% against the U.s. Dollar since the beginning of 2013. (vid)
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