Thursday, February 9, 2012

British Pound Forecast ahead of BoE Rate Decision (Daily FX via Yahoo! Finance)

February 4, 2009 by · Leave a Comment 

This Thursday, the Monetary Policy Committee of the Bank of England is expected to cut rates by 50 bps to 1 percent. This will bring the overnight rate to the lowest level in the bank?s more than 300 years of history which could make the British pound very vulnerable going forward.

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