The Swiss currency fell against its British counterpart in trading on Thursday morning. The franc dropped to 2.4018 versus the pound as action progressed. Traders considered data that showed the Bank of England held key interest rate on Thursday. The UK’s central bank maintained its key interest rate at a six-year high of 5.75% for the third straight month.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 6:11am
The euro slipped to a 2 1/2 week low against the sterling as traders considered interest rate decisions in each area. The European currency dropped sharply in the early morning and then added further losses at around 8:30 a.m. ET. It has dropped to 0.6918 against the pound.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 6:03am
GBPJPY GBPCHF GBPAUD
Originally from Currency Trading News by DailyFX on October 4, 2007, 10:24am
Raymond Van der Putten of BNP Paribas commented on Thursday that as expected, the Bank of England’s Monetary Policy Committee decided to keep the Bank Rate unchanged at 5.75%.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 5:42am
The Bank of England left the key interest rate unchanged at 5.75%. The sterling surged across the board amid the news. As of 7:05 am ET, the sterling was worth 2.0351 dollars, 237.35 yen and was worth 2.3019 Australian dollars. Against the euro, the pound was quoted at 0.6930.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 4:09am
Commentary: “We have continued to state that we expect a return to 118.00 in order to complete wave C of the A-B-C from 111.59.” There is no reason to…
Originally from Currency Trading News by DailyFX on October 4, 2007, 8:49am
Commentary: The decline from 2.0494 still looks corrective but the advancing legs from 1.9879 all overlap, suggesting that the larger rally is corrective…
Originally from Currency Trading News by DailyFX on October 4, 2007, 8:49am
FXstreet.com (Barcelona) – The Bank of England has decided to keep interest rates unchanged at 5.75% after their monthly Policy Meeting Committee, as usual, no further explication has been given by the Bank, which refers to the meeting´s minutes next wednesday 17 October.
The Central bank has kept interest rates on hold, as expected by most accounts, for the third consecutive time, the Bank has, thus, adopted a “wait and see” policy on the effects on economy of the recent crisis in financial markets.
Originally from FXstreet.com: Latest News on October 4, 2007, 11:03am
FXstreet.com (Barcelona) For more information, read our latest forex news.
Originally from FXstreet.com: Latest News on October 4, 2007, 10:59am
The Bank of England is scheduled to announce its monetary policy for the month at 7:00 am ET. Ahead of the announcement, the pound shows weakness across the board. As of 6:55 am ET, the sterling was worth 2.0314 dollars, 237.02 yen and was worth 2.0264 Australian dollars.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 3:59am