Thursday, November 5, 2009

Pound rose after the announcement of the decision of the Bank of England

The Bank of England, as expected, kept key rates at the same level, and also decided to increase the extent of quantitative easing, which, however, appeared more moderate than anticipated by most economists: the plans amount of redeemable assets amounted to only stg200 billion pound / dollar marking time in anticipation of the announcement of the solution near $ 1.65, soared higher on the background of the news and put the strength of resistance at $ 1.6600/10. Last until a couple of holds on further growth, but the mood remains quite positive, and the breakthrough opens the way for higher growth to $ 1.6625 and $ 1.6640, and then to $ 1.6660/65 and $ 1.6680/00. Bids are now congregate in the area of $ 1.6560/50, more tangible demand seen in the area of $ 1.6535/30.

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