Action Insight Mid-Day Report

Wednesday, June 23, 2010

Mid-Day Report: Sterling Surges as Sentence Voted for Hike, Canadian Dollar Lower on Retail Sales Disappointment

Sterling rises sharply today as BoE minutes showed that policy Sentence voted for a 25bps hike in last meeting. The minutes revealed that the Committee voted 7-1 to keep the bank rate unchanged at 0.5%. This was the first time in almost 2 years that a rate hike was proposed.

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