Middle East Forex, FX | Saudi Arabia Forex | Qatar Forex | UAE Dubai Abu Dhabi Forex | Kuwait Forex | Bahrain Forex - Prospect of looser BoE policy heralds weaker pound
Middle East Forex - Home Page
                Abu Dhabi,  Jul 25, 12:18

      HOME         FOREX NEWS         CURRENCY PAIR TECHNICAL INDICATORS         DAILY MARKET COMMENTARY         أعمال الشرق الأوسط         مراجعة شرق أوسطية
     Forex News
Prospect of looser BoE policy heralds weaker pound
20/02/2013 09:21:44 PM GMT 

* Minutes push sterling to 17-month trade-weighted low

* UK inflation, credit rating worries to spark more losses

* Pound vulnerable to slide towards 2010 low around $1.42

By Jessica Mortimer

LONDON, Feb 20 (Reuters) - Sterling fell sharply on Wednesday and was expected to suffer further losses after the Bank of England appeared closer than expected to loosening monetary policy and in no hurry to curb inflation.

The pound's broad-based losses drove it to a 17-month low against a trade-weighted basket of currencies after minutes from the BoE's latest policy meeting showed outgoing Governor Mervyn King and two other officials voted to relaunch asset purchases under its quantitative easing (QE) programme.

Middle East Forex Wire External Story - Read full article here

Middle East Forex is not responsible for the content of external internet sites

Source: Reuters
     Article tools
Printable version
E-mail this to a friend

     Top Forex News
GCC to launch consumer protection body in 2016
Capturing SME sector critical for GCC banks to remain competitive
Deloitte: Family-owned businesses make up largest sector of GCC economy
'Need for research in GCC intensifies'
Deloitte: Family-owned businesses make up largest sector of GCC economy

     Top Regional Business News (Ar)
الذهب يتجه لتسجيل ثاني اسبوع من الخسائر بفعل بيانات اقتصادية قوية
الاسهم اليابانية تصعد بعد تسجيل مؤشر رئيسي للاسهم الامريكية مستوى قياسي جديد
اسعار المساكن في بريطانيا تنمو بأبطأ وتيرة في اكثر من عام
تقرير: نمو نشاط المصانع الأمريكية في يوليو
نتائج التجاري الدولي ترفع مؤشر البورصة المصرية وبروة تنزل بمؤشر بورصة قطر

     Top Regional News (Ar)

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of this Web site does not constitute advice or a recommendation by Middle East Forex and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this Web site.

In no event shall Middle East Forex be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the Middle East Forex Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.

For eny enquiries, please Contact Us.