Latest Market and Economic News from the DailyFX :
GBP/USD: Trading the Bank of England Interest Rate Decision
Expectations for lower borrowing costs could weigh on the British pound as economists anticipate the Bank of England to cut the benchmark interest rate by another 50bp to 1.50%, which would be the lowest since the central bank was given the authority to set interest rate policy in 1870.
Trading the News: Bank of England Rate Decision
Written by David Song, Currency Analyst
Wednesday, 07 January 2009