U.K. Pound Drops Against Yen as Investors Reverse Carry Trades

Story date: 2007-10-25 12:16:00
Added on: 2007-10-25 18:00:21

Bloomberg - Oct. 25 (Bloomberg) -- The pound fell against the yen as Asian stocks declined on speculation losses linked to subprime mortgages will slow global growth, prompting investors to reverse so-called carry trades funded by loans made in Japan. The pound ...


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