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BoE hikes rates 25bp; Dollar rises to one-month highs vs Euro

Discussion in 'Forex Daily News & Outlook' started by prav, May 11, 2007.

  1. prav

    prav Moderator
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    The Bank of England hiked rates 25bp to 5.50%; the sterling dropped 0.8% against the dollar. ECB President Trichet emphasized the need for ?vigilance? to curb inflation, a term known to be used before rate hikes, expected to come in June.


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