GO Markets - FX Market Commentary

By Chris Gore
18 November 2009 @ 06:36 pm EDT

Sterling suffered a cruel blow overnight as the Minutes from the Bank of England's November meeting where released. Despite a unanimous decision to keep rates at 50bpts, the finer points of the minutes showed division amongst Monetary Policy Committee members in relation to the quantitative easing program, which to date has seen GBP175b injected into the economy with a further GBP25b committed earlier this month. 

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