Thursday, February 4, 2010

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

In anticipation of the decision of the Bank of England rates pound to get to fresh session lows, but bidam figures about managed to contain a wave of selling British currency, which, after the announcement of the decision of the central bank changed its active profit-taking by speculative accounts, open short positions with the expectation signals that the extent of quantitative attenuation will be increased. In an accompanying statement noted that if necessary, such decision can be made, but the overall tone of the text gave the reason to speak of the desire of management of the Bank of England to await a clearer manifestation of the effect of incentives on the economy. Currently, pound / dollar, continuing to be in demand, holding near $ 1.5868, and dealers report that a fresh portion of stops visible above $ 1.5880. However, they also look for the orders to sell below this mark and larger orders at around $ 1.5905 and $ 1.5920, while noting that the overall interest in selling a pair in trying to continue. The rebound, they said, but rather looks like the result of the strategy "buy on rumor, sell on fact" and are advised to pay attention to the equity markets, where major stock indexes still are not too successful attempt to rise from the lows of the session.

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