Spot Forex: Latest Headlines
Posted 7/29/2010 1:28:00 AM [GBP/USD] slipped to an intraday low around 1.5585 before gradually
drifting higher to an intraday high around 1.5625 ahead of UK Nationwide
house prices at 6.00 GMT and consumer credit and mortgage approvals at
8.30 GMT. UK Chancellor of the Exchequer George Osborne speaking in India
said that there is no tacit agreement between the BOE and the Government
to keep interest rates low and that he believes monetary policy delivers
the greatest stimulatory effect on the economy. That being the case, we
think the Chancellor would rather rates be kept low so as to drive the
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