Pre-Rate Trade
06 March 2008 @ 06:57 am EDT
The markets are jittery ahead of key rates decision from the BoE and the ECB were as we know they are expected to stay at current rates of 5.25% 4.0% respectively; nevertheless the jitters are whether the BoE are to issue an accompanying statement and not wait to the minutes to be released, and more importantly what are the hints Mr. Trichet is to provide the in the regular press conference; meanwhile the dollar remains weak and fragile after another round of dollar selling from last night which the market continued to withhold till today.
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