Thursday, December 04, 2008
British Pound Could Rise Even If the Bank of England Slashes RatesThe
outlook for the British pound looks dim as the Bank of England is
widely anticipated to follow up their October 8 and November 6 rate
cuts with yet another aggressive reduction on Thursday morning.
Currently, the markets
are betting on a 100bp cut to 2.00%, which would bring the Bank Rate
its lowest level since 1939. However,... [read more]
posted by forexgennew,
in British Pound, forex trading, forexgen
@ 6:19 AM,
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