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BoE's Sentance Triggers A New Up-Leg Of Sterling

Posted by On June - 29 - 2010

BoE’s Sentence defended its vote for a rate hike and elaborated on sterling weakness. This sparked a new buying wave of sterling. EUR/GBP set new cycle low. EUR/USD is drifting lower as investors stay cautions on the euro ahead of the expiration of the 1-year ECB tender. USD/JPY dropped below

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