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GBP/USD May Climb As Inflation, Trade Data Highlight BOE's Conundrum

Discussion in 'Fundamental Analysis' started by ActionForex.com, Feb 9, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    With credit market conditions still tight, Bank of England Governor Mervyn King and his Monetary Policy Committee cut rate by 25bp to 5.25% on February 7. Indeed, the situation for the UK looks grim as the policy statement essentially said that the MPC was more concerned that slowing growth will...

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