Intraday Market Thoughts
Archived IMT (2009.01.08)
by
Jan 8, 2009 11:38
BoE decision in 25 minutes. The last 24 hours have witnessed an escalation in the probability for 50-bp rate cut , which would bring rates down to a record low of 1.50%. But there's also dealer chat that BoE will doONLY 25-bps in which case could fuel cable to as high as $1.55. Still, a 50-bp would also be positive for the currency given the last rate cuts were 100 bps and 150 bps.
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