Thursday, August 04, 2005

Bank of England cuts rates

The Bank of England cut rates today (as expected) by 25 basis points. The U.K. economy grew by the weakest pace in the past 12 years in the second quarter. This coupled with the Terrorist attacks prompted the move. I see more cuts ahead. The ECB also has a rate announcement but no change is expected there.


FXTRADINGIDEAS@AOL.COM

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