Daily Archives: August 8, 2012

British Pound (GBP) Rallies Due To Lower Chances of UK Interest Rate Cut

Posted on August 8, 2012 by

Sterling lost some ground against the US dollar overnight and GBP/USD trades around 1.5610 this morning as the market awaits today’s inflation report from Bank of England. BoE will most likely revise growth and inflation forecasts, which could put further … Continue reading →

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