Tuesday, 17 July 2007
GBP shooting up
Due to the recent CPI data, GBP pairs have just taken a run upwards. All the EAs should be trading it at this point in time, and taking in some big profits. At the tmie of writing we are at 249.36. GBPCHF is showing even stronger momentum, breaking out of its recent range. USD pairs continue to range in anticipation of important data released later on today.
update: bloomberg broke with the story now.
July 17 (Bloomberg) -- U.K. inflation slowed less than economists forecast in June after transport costs and furniture prices increased, cementing investors' expectations that the Bank of England will raise interest rates further.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0Q3ZL6vDdPg&refer=home
update: bloomberg broke with the story now.
July 17 (Bloomberg) -- U.K. inflation slowed less than economists forecast in June after transport costs and furniture prices increased, cementing investors' expectations that the Bank of England will raise interest rates further.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0Q3ZL6vDdPg&refer=home
Labels: GBPJPY
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