GBP Clears the $1.70 mark

[temi]

The fat profits declared by HSBC and Barclays yesterday, the story of UK manufacturing promising order books and other positive economic indicators seem to have woken GBP from its long slumber in the doldrums. For the first time since October last year, GPB exceeded the $1.70 mark.
This is still way below its all high of $2 in July 2008. Analysts at French investment firm Calyon said that there was "growing optimism that the UK economy will be able to shake off the shackles of recession faster than many had thought".

[darkstar_tfd]

That is good news for UK market. Romania is just in the beginning of the crisis. I personally know 8 people that have gave up their business because of this hard times. I think that globally, there still are reasons for concerns.

[temi]

Its looking good in UK but things are still bad, people still losing their job every day, last year in UK, less than 1 million people were unemployed, this year over 2 million and its expected to get to 3 million by January next year to its not all rosy here either.