US Session: Pound Powers Higher After BoE Minutes

October 21st, 2009 • Related • Filed Under




G10 Advancers and Decliners vs USD
GBP 1.37
CHF 0.52
EUR 0.39
JPY -0.29
Pound Powers Higher After BoE Minutes

The stand-out performer on the day has been GBP as the BoE Minutes indicated a unanimous 9-0 vote in favour of maintaining levels of QE at 175bn. The accompanying statement showed the MPC saw no compelling reason to change the bond plan for now, but added the November meeting would provide an opportunity to assess more fully (referring to the availability of…

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More on this topic (What's this?)
Pound Fixin' to Get Pounded (Gold Versus Paper, 8/27/09)
US Session: Pound Powers Higher After BoE Minutes (Oxbury Publishing, 10/21/09)
US Session: Dollar Consolidates As Risk Appetite Tempers (Oxbury Publishing, 10/23/09)
Read more on British Pound (GBP) at Wikinvest

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