Excerpt from: Forex Forecast
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| February 12, 2008 | | Interest rates could remain the same in Britain | One of the indicators of how a currency is likely to do in forex trading is interest rates. The forex trading forecast for Bank of England rates is beginning to look a bit muddled. But the sterling is likely to remain steady in currency trading as interest rates remain in nearly the same in Britain. Reuters reports on Bank of England rates:
"The mixed data is consistent with our view that the BoE
will not be very aggressive in the pace of its easing," said
Calyon in a note to clients. "If it is not sure what to do, the
MPC is most likely to do nothing and wait for more information." | Topic Tags: Bank of England rates, currency trading, forex trading, forex trading forecast, interest rates Britain, sterling currency trading | |
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