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Archived IMT (2009.11.05)

by Ashraf Laidi
Nov 5, 2009 12:51

BANK OF ENGLAND adopts the more conservative measure of raising QE by an extra 25 bln rather than 50 bln, prompting GBP and 10-year UK yields higher to $1.6633 and 3.8% (highest in 4 months). GBP is seen as the main winner today in the event of an improvement in risk appetite. Should US weekly claims come in below 530K, a positive market reaction could further prop cable to test the $1.6660s but capped at $1.67. GBPJPY eyes 150.90. EURGBP seen capped at 0.8910.

 
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