Market Moving News: GBP/USD - Nov 8

08 November 2009 @ 02:05 am EDT

Gbp/usd - 1.6470 ... Cross selling in sterling has weighed on cable in Asia ahead of the BOE rate announcement at 12:00GMT n the focus will be on whether the central bank will increase the size of its asset purchasing program fm the current 175 billion pounds (economists widely expect the interest rate to remain unchanged at 0.50%). Fresh offers are noted at 1.6540/50 n also further out at 1.6600 while bids are likely to emerge at 1.6450 n 1.6400/10...

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