GBP IS NEUTRAL

Jul 06, 2012 06:16 am

haney398 User

Posts: 21
Member since: 05/07/2012

GBP is consolidating as BOE increased the scale of QE, which was in line with market expectation Market Highlights and Technical Analysis06-Jul vs USD 1.5522Daily change: -0.44%Daily high: 1.5623Daily low: 1.5498Support*: 1.5404Resistance*: 1.5708

(-) BOE expanded asset purchasing program by 50 billion in July
(+) U.K. Jun manufacturing PMI rebounded to 48.6, higher than expected
(-) U.K. May CPI saw negative month on month growth
(-) BOE lowered UK's growth forecast

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