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Bank Of England, Ecb On Hold

Posted on 09/06/2007 11:57:14 | Link | Post Comment
The Bank of England not only held interest rates firm at 5.75%, but issued a special statement today in conjunction with the decision. This leads traders to believe that the BoE will be on hold for the foreseeable future, and could mean some short-term softness for the GBP. The European Central Bank left rates on hold at 4%, with traders waiting for Trichet's speech at 12:30 GMT for clues about the future direction of the Euro.





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