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Market’s Expectation to Interest Increase fell, GBP/EUR dropped on Wednesday

Discussion in 'Forex Discussions' started by ikonforex, Feb 16, 2011.

  1. ikonforex

    ikonforex New Member

    Dec 22, 2010
    Likes Received:
    Due to the president of Bank of England, Meryvn King said that they will maintain low interest rate policy unchanged to recover economy, the market’s expectation to interest increase declined and GBP/EUR dropped on Wednesday.

    In session, EUR/GBP refreshed the highest point of 0.8449, the forex price met at the level nearby 0.8430 currently.

    Meryvn King pointed out that British high unemployment rate and weak economic growth made the measure of increasing interest must carry out cautiously.

    They never approve the interest expectation of market and they will not publish the interest resolution in advance ever. Moreover, the Bank of England did not make interest rate decision.

    At Beijing time 01:49, EUR/GBP was 0.8435/36.
    Forex News from bit.ly/gffvln
    Edited By Sarah

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