The New Year British Pound value today

currency conversion by professionals

The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

The exchange rates for currency, London pound sterling, GBP, for the morning of 4th January, 2010 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency Code GBP/1 Unit Units/1 GBP
Utd. Arab Emir. Dirham

AED

0.1686

5.9367

Afghanistan Afghani

AFN

0.01263

79.5777

Australian Dollar

AUD

0.5562

1.801

Brazilian Real

BRL

0.3551

2.8193

Canadian Dollar

CAD

0.5882

1.7029

Swiss Franc

CHF

0.5977

1.675

Egyptian Pound

EGP

0.1148

9.05

Euro

EUR

0.8869

1.1289

Hong Kong Dollar

HKD

0.07986

12.5348

Indian Rupee

INR

0.01328

75.3435

Japanese Yen

JPY

0.006656

150.446

New Zealand Dollar

NZD

0.4481

2.2362

Polish Zloty

PLN

0.2175

4.6294

Russian Rouble

RUB

0.02064

48.8146

Swedish Krona

SEK

0.08726

11.6136

Thai Baht

THB

0.01889

54.5977

US Dollar

USD

0.6191

1.6161

East Caribbean Dollar

XCD

0.2319

4.3635

South African Rand

ZAR

0.08412

12.057

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The British Pound value today

currency conversion by professionals

The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

The exchange rates for currency, London pound sterling, GBP, for the morning of 17th December, 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency Code GBP/1 Unit Units/1 GBP

Utd. Arab Emir. Dirham

AED

0.1671

5.9895

Australian Dollar

AUD

0.5526

1.8102

Brazilian Real

BRL

0.3511

2.8575

Canadian Dollar

CAD

0.5785

1.7293

Swiss Franc

CHF

0.5903

1.6946

Egyptian Pound

EGP

0.1122

9.0226

Euro

EUR

0.8924

1.1207

Hong Kong Dollar

HKD

0.07913

12.6404

Indian Rupee

INR

0.01313

76.3636

Japanese Yen

JPY

0.006844

146.148

New Zealand Dollar

NZD

0.4416

2.2654

Polish Zloty

PLN

0.2131

4.7029

Russian Rouble

RUB

0.02029

49.3117

Swedish Krona

SEK

0.08556

11.7033

Thai Baht

THB

0.01853

54.1798

US Dollar

USD

0.6135

1.6302

East Caribbean Dollar

XCD

0.2298

4.4016

South African Rand

ZAR

0.08273

12.1135

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Today’s US Dollar Currency Exchange Rates

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The USD, American Dollar, rates today versus other currencies including British Pound Sterling, AED Dirham of Dubai and Abu Dhabi, euros, Canadian and Australian dollars together with Japanese Yen. These can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

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The exchange rates for currency, USD, American Dollars, for the morning of 9th October, 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency Code USD/1 Unit Units/1 USD
Utd. Arab Emir. Dirham AED 0.2723 3.6739
Australian Dollar AUD 0.9021 1.1087
Brazilian Real BRL 0.5736 1.7482
Canadian Dollar CAD 0.9472 1.0562
Swiss Franc CHF 0.9727 1.0283
Egyptian Pound EGP 0.1838 5.5091
Euro EUR 1.4757 0.6777
British Pound GBP 1.6036 0.6237
Hong Kong Dollar HKD 0.129 7.7502
Indian Rupee INR 0.0216 46.4789
Japanese Yen JPY 0.011312 88.4142
Polish Zloty PLN 0.3494 2.868
Russian Rouble RUB 0.03379 29.6116
Swedish Krona SEK 0.1435 6.9748
Thai Baht THB 0.03014 33.4691
East Caribbean Dollar XCD 0.3717 2.72
South African Rand ZAR 0.136 7.3733

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RUB, Russian Rouble, fx prices this morning

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The RUB, Russian Ruble, rates today versus other currencies including USD or Ameriacan Dollar, British Pound Sterling, AED Dirham of Dubai and Abu Dhabi, euros, Canadian and Australian dollars together with Japanese Yen. These can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

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The exchange rates for currency, RUB, Russian Rubles, for the morning of 18th September 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency Code RUB/1 Unit Units/1 RUB
Utd. Arab Emir. Dirham AED 8.2701 0.121
Australian Dollar AUD 26.5225 0.03772
Brazilian Real BRL 16.8504 0.05949
Canadian Dollar CAD 28.5296 0.03507
Swiss Franc CHF 29.4618 0.03396
Egyptian Pound EGP 5.5479 0.1825
Euro EUR 44.725 0.02236
British Pound GBP 50.105 0.01996
Hong Kong Dollar HKD 3.9185 0.2553
Indian Rupee INR 0.6302 1.5914
Japanese Yen JPY 0.3335 2.9993
Polish Zloty PLN 10.8666 0.09227
Swedish Krona SEK 4.4261 0.2262
Thai Baht THB 0.9027 1.113
US Dollar USD 30.3683 0.03294
East Caribbean Dollar XCD 11.591 0.08962
South African Rand ZAR 4.1319 0.2425

Call UK: 0044 1480 458400 for current Rouble prices.

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Today’s Russian Rouble Rate

currency conversion by professionals

The RUB, Russian Ruble, rates today versus other currencies including USD or Ameriacan Dollar, British Pound Sterling, AED Dirham of Dubai and Abu Dhabi, euros, Canadian and Australian dollars together with Japanese Yen. These can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

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The exchange rates for currency, RUB, Russian Rubles, for the morning of 1st September 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency  Code  RUB/1 Unit Units/1 RUB
Utd. Arab Emir. Dirham AED 8.6803 0.1158
Australian Dollar AUD 26.7854 0.0375
Brazilian Real BRL 16.9846 0.05931
Canadian Dollar CAD 29.0543 0.03458
Swiss Franc CHF 30.0674 0.03341
Egyptian Pound EGP 5.8071 0.1755
Euro EUR 45.5885 0.02203
British Pound GBP 51.7895 0.01939
Hong Kong Dollar HKD 4.112 0.2442
Indian Rupee INR 0.6568 1.5539
Japanese Yen JPY 0.3428 2.9297
Polish Zloty PLN 11.1387 0.09036
Swedish Krona SEK 4.4707 0.2249
Thai Baht THB 0.9405 1.0765
US Dollar USD 31.8703 0.03151
East Caribbean Dollar XCD 11.9364 0.08507
South African Rand ZAR 4.0992 0.2459

Call UK: 0044 1480 458400 for current Rouble prices.

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The US Dollar Rates Today

currency conversion by professionals

The USD, American Dollar, rates today versus other currencies including British Pound Sterling, AED Dirham of Dubai and Abu Dhabi, euros, Canadian and Australian dollars together with Japanese Yen. These can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

 

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The exchange rates for currency, USD, American Dollars, for the morning of 25thAugust 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency  Code USD/1 Unit Units/1 USD
Utd. Arab Emir. Dirham AED 0.2724 3.6744
Australian Dollar AUD 0.8394 1.1917
Brazilian Real BRL 0.5477 1.8354
Canadian Dollar CAD 0.9277 1.0785
Swiss Franc CHF 0.9435 1.0601
Egyptian Pound EGP 0.1817 5.5722
Euro EUR 1.4322 0.6983
British Pound GBP 1.648 0.6069
Hong Kong Dollar HKD 0.129 7.751
Indian Rupee INR 0.02066 48.7413
Japanese Yen JPY 0.010563 94.6887
Polish Zloty PLN 0.3489 2.8734
Russian Rouble RUB 0.03182 31.5292
Swedish Krona SEK 0.1421 7.0489
Thai Baht THB 0.0295 34.1608
East Caribbean Dollar XCD 0.3817 2.721
South African Rand ZAR 0.1285 7.8118

Call 0044 1480 458 400 for the best commercial foreign exchange rates.

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Ryanair to open 33rd base at Porto, Portugal

oportoIrish low-cost airline Ryanair said on Thursday that it is opening its 33rd base at Porto, Portugal, with two based aircraft and four new routes from the airport.

Ryanair will be offering 50 daily return flights, on a total of 16 routes, to and from Porto, when its opens its base there.

The four new routes from Porto are to Basel, Eindhoven, St Etienne and Tours, which will all be launched in September. The airline is also doubling the frequency of its flights to Paris Beauvais to twice daily.

According to Ryanair, these changes will increase its passenger traffic at Porto to 1.5m passengers annually, sustaining 1,500 local jobs.

To promote the opening of its new base, Ryanair is offering 1m seats for travel across its European network in late August, September and October, priced at EUR9. These tickets are available to purchase until midnight on 5 June.

The Latest Selection of Property for sale in Portugal visit our Portuguese Property  Web Site

The AED Dirham Rates Today

currency conversion by professionals

The UAE Dirham rates this morning versus other currencies including British Pounds Sterling, euros, USD, Canadian and Australian dollars, Russian Rubles together with Japanese Yen were….

Base currency United Arab Emirates Dirhams, dhs aed, for Dubai and Abu Dhabi on 16th July, 2009:

Currency  Code AED/1 Unit Units/1 AED
Australian Dollar AUD 2.9339 0.3412
Brazilian Real BRL 1.8891 0.5318
Canadian Dollar CAD 3.2595 0.3072
Swiss Franc CHF 3.3979 0.2946
Egyptian Pound EGP 0.6621 1.5307
Euro EUR 5.1606 0.1939
British Pound GBP 6.0181 0.1663
Hong Kong Dollar HKD 0.4741 2.1109
Indian Rupee INR 0.07536 13.3406
Japanese Yen JPY 0.03921 25.5279
Polish Zloty PLN 1.2061 0.8313
Russian Rouble RUB 0.1152 8.7136
Swedish Krona SEK 0.4714 2.1252
Thai Baht THB 0.108 9.3087
US Dollar USD 3.6744 0.2724
East Caribbean Dollar XCD 1.4024 0.7411
South African Rand ZAR 0.4498 2.2297

 

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Today’s US Dollar Rates

currency conversion by professionals

The USD, American Dollar, rates today versus other currencies including British Pound Sterling, AED Dirham of Dubai and Abu Dhabi, euros, Canadian and Australian dollars together with Japanese Yen. These can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

 

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The exchange rates for currency, USD, American Dollars, for the morning of 14th July 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency  Code  USD/1 Unit Units/1 USD
Utd. Arab Emir. Dirham AED 0.2724 3.6744
Australian Dollar AUD 0.7868 1.2713
Brazilian Real BRL 0.5075 1.9775
Canadian Dollar CAD 0.873 1.1459
Swiss Franc CHF 0.9217 1.0852
Egyptian Pound EGP 0.1801 5.6274
Euro EUR 1.3975 0.7156
British Pound GBP 1.6278 0.6144
Hong Kong Dollar HKD 0.129 7.7506
Indian Rupee INR 0.0204 49.2065
Japanese Yen JPY 0.01074 93.1188
Polish Zloty PLN 0.3217 3.1147
Russian Rouble RUB 0.03095 32.4009
Swedish Krona SEK 0.127 7.8815
Thai Baht THB 0.02935 34.2273
East Caribbean Dollar XCD 0.381 2.726
South African Rand ZAR 0.1216 8.2487

Call 0044 1480 458 400 for the best commercial foreign exchange rates.

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Great Rates for the Russian Rouble

currency conversion by professionals

The RUB, Russian Ruble, rates today versus other currencies including USD or Ameriacan Dollar, British Pound Sterling, AED Dirham of Dubai and Abu Dhabi, euros, Canadian and Australian dollars together with Japanese Yen. These can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

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The exchange rates for currency, RUB, Russian Rubles, for the morning of 13th July 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency  Code  RUB/1 Unit Units/1 RUB
Utd. Arab Emir. Dirham AED 8.9116 0.1123
Australian Dollar AUD 25.5006 0.03928
Brazilian Real BRL 16.6217 0.06299
Canadian Dollar CAD 28.1278 0.0356
Swiss Franc CHF 30.1314 0.03323
Egyptian Pound EGP 5.9037 0.1717
Euro EUR 45.6222 0.02195
British Pound GBP 53.0654 0.01887
Hong Kong Dollar HKD 4.223 0.237
Indian Rupee INR 0.6725 1.5183
Japanese Yen JPY 0.3537 2.8318
Polish Zloty PLN 10.4339 0.09597
Thai Baht THB 0.9745 1.0572
US Dollar USD 32.7233 0.03057
East Caribbean Dollar XCD 12.4898 0.08319
South African Rand ZAR 3.9969 0.2534

Call UK: 0044 1480 458400 for current Rouble prices.

Get …. LIVE CURRENCY RATES HERE …..

 

The US Dollar Rates Today

currency conversion by professionals

The USD, American Dollar, rates today versus other currencies including British Pound Sterling, AED Dirham of Dubai and Abu Dhabi, euros, Canadian and Australian dollars together with Japanese Yen. These can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

 

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The exchange rates for currency, USD, American Dollars, for the morning of 10th July 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency  Code  USD/1 Unit Units/1 USD
Utd. Arab Emir. Dirham AED 0.2724 3.6744
Australian Dollar AUD 0.7822 1.2789
Brazilian Real BRL 0.505 2.0157
Canadian Dollar CAD 0.861 1.162
Swiss Franc CHF 0.9221 1.0847
Egyptian Pound EGP 0.1802 5.62
Euro EUR 1.3954 0.7167
British Pound GBP 1.6183 0.618
Hong Kong Dollar HKD 0.129 7.7507
Indian Rupee INR 0.02041 49.2505
Japanese Yen JPY 0.010751 93.0269
Polish Zloty PLN 0.3203 3.1291
Russian Rouble RUB 0.03148 31.88
Swedish Krona SEK 0.127 7.8804
Thai Baht THB 0.02942 34.1857
East Caribbean Dollar XCD 0.3817 2.721
South African Rand ZAR 0.1228 8.1642

Call 0044 1480 458 400 for the best commercial foreign exchange rates.

Get …. LIVE CURRENCY RATES HERE …..

 

Latest Rates for the Russian Rouble

currency conversion by professionals

The RUB, Russian Ruble, rates today versus other currencies including USD or Ameriacan Dollar, British Pound Sterling, AED Dirham of Dubai and Abu Dhabi, euros, Canadian and Australian dollars together with Japanese Yen. These can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

Register here for free. There is no obligation to use the most efficient currency transfer service and no charge to open an account.

The exchange rates for currency, RUB, Russian Rubles, for the morning of 10th July 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency  Code  RUB/1 Unit Units/1 RUB
Utd. Arab Emir. Dirham AED 8.683 0.1157
Australian Dollar AUD 24.9356 0.04026
Brazilian Real BRL 16.1004 0.06345
Canadian Dollar CAD 27.4496 0.03658
Swiss Franc CHF 29.3977 0.03415
Egyptian Pound EGP 5.7455 0.1769
Euro EUR 44.4844 0.02256
British Pound GBP 51.5918 0.01946
Hong Kong Dollar HKD 4.1134 0.244
Indian Rupee INR 0.6507 1.5504
Japanese Yen JPY 0.3427 2.9286
Polish Zloty PLN 10.2104 0.09851
Swedish Krona SEK 4.0492 0.2481
Thai Baht THB 0.9378 1.0762
US Dollar USD 31.88 0.03148
East Caribbean Dollar XCD 12.1679 0.08566
South African Rand ZAR 3.9164 0.257

Call UK: 0044 1480 458400 for current Rouble prices.

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The GBP Today

currency conversion by professionals

The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

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The exchange rates for currency, London pound sterling, GBP, for the morning of10th July 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency Code GBP/1 Unit Units/1 GBP
Utd. Arab Emir. Dirham AED 0.1683 5.9463
Australian Dollar AUD 0.4834 2.0696
Brazilian Real BRL 0.3121 3.262
Canadian Dollar CAD 0.5322 1.8804
Swiss Franc CHF 0.5699 1.7552
Egyptian Pound EGP 0.1114 9.0949
Euro EUR 0.8624 1.1599
Hong Kong Dollar HKD 0.07974 12.543
Indian Rupee INR 0.01261 79.7026
Japanese Yen JPY 0.006645 150.548
Polish Zloty PLN 0.1979 5.0639
Russian Rouble RUB 0.01946 51.5918
Swedish Krona SEK 0.0785 12.753
Thai Baht THB 0.01818 55.3231
US Dollar USD 0.618 1.6183
East Caribbean Dollar XCD 0.2359 4.4034
South African Rand ZAR 0.07593 13.2122

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.

Best Rates for the Dirham

currency conversion by professionals

The UAE Dirham rates this morning versus other currencies including British Pounds Sterling, euros, USD, Canadian and Australian dollars, Russian Rubles together with Japanese Yen were….

Base currency United Arab Emirates Dirhams, dhs aed, for Dubai and Abu Dhabi on 10th July, 2009:

Currency Code AED/1 Unit Units/1 AED
Australian Dollar AUD 2.874 0.3483
Brazilian Real BRL 1.8557 0.549
Canadian Dollar CAD 3.1638 0.3165
Swiss Franc CHF 3.3883 0.2954
Egyptian Pound EGP 0.6622 1.5307
Euro EUR 5.1271 0.1952
British Pound GBP 5.9463 0.1683
Hong Kong Dollar HKD 0.4741 2.111
Indian Rupee INR 0.07499 13.4141
Japanese Yen JPY 0.0395 25.3373
Polish Zloty PLN 1.1768 0.8523
Russian Rouble RUB 0.1157 8.683
Swedish Krona SEK 0.4667 2.1464
Thai Baht THB 0.1081 9.311
US Dollar USD 3.6744 0.2724
East Caribbean Dollar XCD 1.4024 0.7411
South African Rand ZAR 0.4514 2.2236

Call UK 0044 1480 458 400 for the best currency exchange rates and free money transfers without commission.

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AED, UAE, Dirham Rates

currency conversion by professionals

The UAE Dirham rates this morning versus other currencies including British Pounds Sterling, euros, USD, Canadian and Australian dollars, Russian Rubles together with Japanese Yen were….

Base currency United Arab Emirates Dirhams, dhs aed, for Dubai and Abu Dhabi on 19th June, 2009:

Currency  Code  AED/1 Unit  Units/1 AED  
Australian Dollar AUD 2.9267 0.3421
Brazilian Real BRL 1.886 0.5408
Canadian Dollar CAD 3.246 0.3085
Swiss Franc CHF 3.3963 0.2948
Egyptian Pound EGP 0.664 1.5433
Euro EUR 5.1199 0.1955
British Pound GBP 6.003 0.1668
Hong Kong Dollar HKD 0.4737 2.1129
Indian Rupee INR 0.07579 13.2524
Japanese Yen JPY 0.03825 26.171
Polish Zloty PLN 1.1299 0.8879
Russian Rouble RUB 0.118 8.5146
Swedish Krona SEK 0.4664 2.1481
Thai Baht THB 0.1078 9.331
US Dollar USD 3.6714 0.2726
East Caribbean Dollar XCD 1.4054 0.7397
South African Rand ZAR 0.454 2.2106

 

 

 

 

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New Foreign Currency Exchange Ticker

We have added a currency ticker to our site.

You can select the base currency from the drop down list.

These are interbank base rates and are refreshed a maximum of 12 minutes behind the live trading rates.

For the latest rates via email please go here:

 

Pound rates today

currency conversion by professionals

The British Pound sterling rates this morning versus other currencies including AED Dirham, euros, USD, Canadian and Australian dollars together with the Brazilian Real, were….

Base currency London pound sterling on 31st October 2008:

Keep up-to-date, visit our foreign exchange dealing site and request to be kept informed about a particular currency.

Currency Code GBP/1 Unit Units/1 GBP
UAE dhms. Dirham AED 0.1653 6.0562
Australian Dollar AUD 0.4115 2.4336
Brazilian Real BRL 0.2874 3.4948
Canadian Dollar CAD 0.5024 1.9926
Swiss Franc CHF 0.5365 1.8656
Egyptian Pound EGP 0.1103 9.2551
Euro EUR 0.7925 1.2634
Japanese Yen JPY 0.006184 161.879
Polish Zloty PLN 0.222 4.516
US Dollar USD 0.6071 1.648

Buying and selling pairs simultaneously is good in forex trading

   One will wonder if it is possible to buy and sell currencies at the same time and not incur losses on a forex trading  session. Most traders think one would be taking a huge risk by selling and buying currencies at the same time, but they do not realize that it is possible that the Grid system allows gain in whatever way the market trends are moving.  A trader that enters a trading market  session for instance when a pair of currencies is at 250 level, and the price moves to 500 during a trading session, this means his currency trading at buying option will appreciate. He can transfer the gain of 500 to his account while  selling at this time means one would lose 500.

 

    The first selling option would break even at 500 while the second buy remains -250. If he decides to cash the sell at this point, his total cash is brought to 750 while he closes his transactions. He has only lost 250 and gains 750. One can always capitalize on market fluctuations by buying and selling at the same time and closing transactions when the market is favourable to them at different periods of trading. The good thing about buying and selling simultaneously is the fact that currency tradings break even at different periods, one can close one transaction and allow other transactions to make gains. You need enough cash in your  forex trading account however to be able to trade multiple pairs of currencies at the same time.

 

 

 

How to make use of Trends in Forex Trading

    Trends are necessary tools one need to follow in order to minimize or stop losses and make gains in Forex trading. Long term  forex trading gains depends on how much one can predict and analyze  currency trading trends. Most currency traders make mistakes by following small movements on currency trades and they take every small gains they make, they do not go after the long term profits.

 

    The best way to make money in Forex trading is to make use of break-outs while trading. Break-outs are the resistances or supports that are broken on a forex chart where a new high or low occur. Whenever there is a break-out on a trade, you have a new strong trend while the probability of a pull back to occur is very low. The resistance or support that is broken should be valid  that is 3 points at least  in 2 different times. The levels become more valid as the spacings between the tests become wider.

 

   One other way to make lots of profit in forex trading is to confirm each move while the trading is on. Not every break-out is true, hence you can not rely solely on break-outs. You need to confirm your trading signal by using momentum indicators on your forex trading platform. The use of indicators allow you to know the strength and velocity of prices you want to trade with.

 

   The use of Targets and stop losses is also an important strategy in forex trading.  Remember that it should be enough if you have made between 50-70% of your targeted profit. If you wait much longer, the trend may move out of your favour, hence you need to make use of the stop profit-stop loss tools on your platform.

 

 

Economic recession- US stocks hit 4 month-low

    The current economic recession that is hitting most European countries has taken its toll on the United States stocks. Some of the major United States stocks and Corporations including; Dow Jones, Standard and Poor, Washington Mutual Inc, Wachovia Corp, National City Corp, Allegheny Technologies Inc, and US steel Corporation all had their values depleted in the last four months. Standard and Poor’s 500 index had its steepest slump since May, while Washington Mutual Inc went down by  95% after regulators seized the lenders of the organization. A third of the values of both National city Corp and Wachovia Corp were lost while some other major corporations witnessed a sudden surge in borrowing costs.

 

   The Dow Jones industrial Average was devalued by more than 2% ,while S & P 500 was devalued by 3.6%. The Russell 2000 index of average and small company stocks was also devalued by 6.5%. Top executives and large corporation managers have expressed the fear that the recent failure of the American congress’ to approve a $700 billion bank bailout might aggravate the recession witnessed by the United States stocks.  Members of the  United States Congress have been trying to reach a consensus in the past few  weeks to secure a financial succor for the economy, failure of which might result in further devaluation of stocks Nationwide.