Post by Admin on Sept 24, 2010 1:28:22 GMT 1
Sterling hits a near 4-month low against the Euro- 23rd September 2010
The minutes from the Bank of England’s meeting earlier this month were released and have caused a broad sell off in the Pound causing a four month low against the Euro. The decision to keep interest rates on hold at 0.5% was expected but the minutes highlighted growing concern amongst the committee about the downside risk to economic growth and signaled they are ready to take additional policy easing steps if needed.
Source: HiFx
The minutes from the Bank of England’s meeting earlier this month were released and have caused a broad sell off in the Pound causing a four month low against the Euro. The decision to keep interest rates on hold at 0.5% was expected but the minutes highlighted growing concern amongst the committee about the downside risk to economic growth and signaled they are ready to take additional policy easing steps if needed.
Source: HiFx
