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Sterling pressured ahead of BoE rate decision

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Investor sentiment towards the Sterling continues to weaken ahead of the anticipated Bank of England (BoE) rate decision today, in which markets broadly expect rates to be left unchanged at the record 0.5% low.Since the MPC’s December meeting, the overall outlook for the UK economy has dimmed considerably with a downwards revision of Q3 GDP and a decline in industrial productions renewing concerns around the potential slowdown in economic momentum in the United Kingdom. The additional

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