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Replies to #4199 on FOREX TRADERS
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livin1492

08/02/06 11:27 PM

#4200 RE: craddock #4199

BoE rate statement,

Keep a close eye on the markets reaction to this statement. The consensus is about 15% chance that they raise their rates. This means that there are some "gamblers" out there that will likely be closing their long positions when the statement comes out unchanged. I personally don't believe it will cause much.. though will be nice to watch. Looking to short this bloated sterling anyway :).