Posted: Fri Jan 12, 2007 10:44 am Post subject: Sterling was taken to Surprise!!!!!
The Bank of England has announced a surprise rise in the interest rates by a quarter of a point to 5.25%. This decision by the Bank of England has taken the Central Bank to a great surprise. Sterling powered to a six-a half year high yesterday after revealing the surprise.
The Bank of England?s effective sterling trade-weighted exchange rate index rose to 105.20, its highest level since May?2000. The Sterling gained to a one-week high against the dollar by $1.9538. The pound rose to 0.8% to an 18-month high against the Euro to 0.6640 and 1.3% against the yen.
The Euro slipped against the dollar at 0.3% to $1.2895 because --[url://http:www.gnutrade.com/] Let's Click here to know the reason [/url]
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