The Bank of England has voted to leave monetary policy unchanged with interest rates at the historic low of 0.5% and £200bn of newly created money pumped into the economy to boost the recovery
MPC opts to leave policy unchanged
Source: www.ft.com
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Forex News and Rumors | OANDA Forex Blog
UK Plans for 5 Billion Pound Bond Sale The British government plans to sell up to 5 billion pounds ($8.2 billion) worth of bonds this week to provide funding. OANDA Forex Blog -...
Swedish FinMin says Latvia deal needed soon
The knock-0n effect of the crisis in Latvia is taking centre stage in Sweden, where the banks are heavily exposed to the Baltic states of Latvia, Lithuania and Estonia. Comments from the Swedish finance minister Anders Borg have again highlighted the impact that it would have in his own country, as...
Quiet start to interbank Monday
The disturbances in Iran have some traders talking of a possible risk-aversion play this morning but the USD is only slightly firmer, 1.40 against the EUR versus a 1.4020 close on Friday night, and EUR/JPY is only slightly lower, 137.70 versus a 137.90 close. All in all, the early interbank session...
Imminent Crisis in Forex Markets? | Forex Blog
Imminent Crisis in Forex Markets? The only thing predictable about currencies these days is that they will remain unpredictable. Forgive me for speaking in cliches, but when you consider that the last twelve months have seen both record ... Forex Blog -...
FOREX VIDEO | NEW YORK SESSION REVIEW | July 15, 2009
Risk appetite was in full swing today after Intel reported upbeat Q2 earnings and Q3 outlook just prior to today’s Sydney open. Although the EUR/JPY was mostly stalled during today’s London session, the pair extended its gains during the New York session. Traders who went long at the M4...