Wednesday, July 23, 2008

Bank Of England 7-2 of Interest Rates on Hold

While the US dollar put on gains pretty much across the board, the one stand-out is Pounds sterling, which rose on release of the latest BoE policy meeting. The voting split is the same as the meeting before—a majority of 7 in favor of keeping rates on hold, one voting for a cut and one voting for a hike.

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