Rudenstein
You are correct in that there was also the rejection of the EU constitution in 2005 and I was going to mention this in my previous post but I thought I had already ranted too much.
There were also bombings in London along with a perceived slowing UK economy leading to an interest rate cut in August 2005.
But the US$ was already gaining before these two occurrences and I suppose these two occurrences helped the US$ even more. I also guess that it was easier for the big boys to push the EUR/GBP down to finish the yearly range rather than change course in 2005.
You are correct in that there was also the rejection of the EU constitution in 2005 and I was going to mention this in my previous post but I thought I had already ranted too much.
There were also bombings in London along with a perceived slowing UK economy leading to an interest rate cut in August 2005.
But the US$ was already gaining before these two occurrences and I suppose these two occurrences helped the US$ even more. I also guess that it was easier for the big boys to push the EUR/GBP down to finish the yearly range rather than change course in 2005.
Nothing worth having is easy.