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Pound Hurt By Housing Data - Will BoE Cut 50Bp?

Discussion in 'Fundamental Analysis' started by ActionForex.com, Apr 8, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The HBOS housing survey in UK showed a much sharper decline than expected sending pound tumbling into the midday European session as speculation mounted that BoE may lower rates by as much as 50bp at the upcoming MPC meeting this Thursday. According to HBOS, prices fell a whopping -2.5% versus...

    complete article here...

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