STERLING LEAPT TO a two-year high yesterday as there is growing expectation of further rises in UK interest rates, according to the Scotsman .
The pound rose 0.4% to 67p against the euro yesterday, buoyed talk of continuing central bank demand for the pound, before slipping back to 67.19p and was up 0.7% against the dollar to $1.9012, as further talks suggests base rates may have to go up again soon. AMARANTH ADVISORS, the hedge fund manager which suffered disastrous losses last week after its trades in the US natural-gas markets went seriously wrong, has admitted it had faced “forced liquidation” by its creditors, says the Times. In a letter to investors late on Wednesday, Amaranth said it had disposed of trades in its other ...
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