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    No Sales, No Business
    It’s real tough to keep a business going without sales. Sales is the fuel and the engine that enables the vehicle to run.Entrepreneurs have been known to successfully create a pent-up sales demand for their product before the business is ac
    ming under pressure in a corrective pullback after the gains we have seen in the past couple of weeks."

    By 0845 GMT the pound fell to the day's low of $1.7806, down 0.3 p

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    Currency markets update 26th April 2006

    Sterling Falls Against Majors

    Sterling hit a fresh two-week low against the euro and also lost ground against the dollar on Wednesday after UK growth data which came in line with expectations prompted some position adjustment.

    Britain's economy grew 0.6 percent in the first quarter of 2006 with the annual rate of 2.2 percent, exactly in line with analysts' forecasts.

    Service sector growth slowed to 0.6 percent, after growing 1 percent in the last three months of 2005, due to weaker retail and car sales.

    "The data was bang in line with expectations," said Ian Stannard, currency strategist at BNP Paribas. "We are seeing cable coming under pressure in a corrective pullback after the gains we have seen in the past couple of weeks."

    By 0845 GMT the pound fell to the day's low of $1.7806, down 0.3 pe

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    Wednesday after UK growth data which came in line with expectations prompted some position adjustment.

    Britain's economy grew 0.6 percent in the first quarter of 2006 with the annual rate of 2.2 percent, exactly in line with analysts' forecasts.

    Service sector growth slowed to 0.6 percent, after growing 1 percent in the last three months of 2005, due to weaker retail and car sales.

    "The data was bang in line with expectations," said Ian Stannard, currency strategist at BNP Paribas. "We are seeing cable coming under pressure in a corrective pullback after the gains we have seen in the past couple of weeks."

    By 0845 GMT the pound fell to the day's low of $1.7806, down 0.3 p

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    h the annual rate of 2.2 percent, exactly in line with analysts' forecasts.

    Service sector growth slowed to 0.6 percent, after growing 1 percent in the last three months of 2005, due to weaker retail and car sales.

    "The data was bang in line with expectations," said Ian Stannard, currency strategist at BNP Paribas. "We are seeing cable coming under pressure in a corrective pullback after the gains we have seen in the past couple of weeks."

    By 0845 GMT the pound fell to the day's low of $1.7806, down 0.3 p

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    In the world today, particularly in this country, there seems to be total obsession with the most trivial of affairs in every day life. In the midst of international disasters, there seems to be unhealthy interest in the incarceration of a totally
    of 2005, due to weaker retail and car sales.

    "The data was bang in line with expectations," said Ian Stannard, currency strategist at BNP Paribas. "We are seeing cable coming under pressure in a corrective pullback after the gains we have seen in the past couple of weeks."

    By 0845 GMT the pound fell to the day's low of $1.7806, down 0.3 p

    Do Business at the Speed of Thought
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    ming under pressure in a corrective pullback after the gains we have seen in the past couple of weeks."

    By 0845 GMT the pound fell to the day's low of $1.7806, down 0.3 percent on the day, off Tuesday's seven-month high of $1.7943.

    Elsewhere, ECB executive board member Lorenzo Bini Smaghi said that if the European economic recovery strengthened, the central bank would adjust rates to avoid inflation, in comments published in an Italian newspaper.

    Meanwhile, ECB governing council member Axel Weber told Bloomberg television that risks of second-round inflation effects had risen.

    Most analysts expect the ECB to wait until June before raising rates from 2.5 percent after ECB President Jean-Claude Trichet earlier this month doused widespread expectations for a move as soon as the May 4 meeting. Even so these comments will serve to put further pressur

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