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Daily Forex Commentary February 3, 2010
02/03/10 by Brewer Futures Group
Filed under Commentary
February 3, 2010
Bank of England May Vote to Extend Quantitative Easing
The GBP USD spiked to the upside last night on the news that U.K. consumer confidence had risen more than expected, but backed down when U.K. services data failed to meet
expectations. These stories provided more evidence that the Bank of England will likely leave its quantitative easing program intact or perhaps increase or extend it.
Speculators had been driving this market higher on the notion that the Bank of England members will provide a …
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