Intraday Market Thoughts

Archived IMT (2009.02.05)

by Ashraf Laidi
Feb 5, 2009 12:00

BoE cuts rates by 50 bps to 1.00% as expected, raising the rate differential between the Eurooean and the UK to 1.00%, which is a new high in the 10-year life of the euro. GBPUSD seen broadening its gaisn towards $1.4720 as BoE reiterates the fiscal and monetary stimulus combo to the economy, which could hint at a slower pace of easing to come. log in to access HOTCHARTS for the latest on GBPUSD and AUDCHF.


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