Friday, December 05, 2008
BoE Cuts Rates by 100bps As Expected But Signal More Action To Come As Credit Conditions Remain Difficult
The Bank of England cut their benchmark rate by 100 bps as was
expected by economist bringing it to 2.00%. The Pound traded higher on
the news reversing earlier losses as traders started to expect a more
aggressive move given the dour fundamental data that has recently
crossed the wires.
Talking... [read more]
posted by fxgencurrencies,
in BoE, forexgen, Scalping Enabled Account
@ 2:47 AM,
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