203335 Resource 119232 120646 120646 1210255113531 1210255113531 Controlled BOE, ECB Keep Interest Rates the Same

Euro and sterling in forex trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Both the </span><a href="http://www.marketgawk.com/ecb-boe-leave-key-interest-rates-unchanged-ap/" target="_blank" title="interest rates, euro forex trading, sterling forex trading, forex trading, currency trading, UK pound currency trading, currency trading US dollar" style="font-family: verdana,arial,helvetica,sans-serif;">European Central Bank and the Bank of England opted to leave their interest rates</a><span style="font-family: verdana,arial,helvetica,sans-serif;"> the same in decisions today.&nbsp;</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">For the </span><a href="http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/pound-gains-short-lived-as-boe-does-not-cut%11-mistake-by-mpc?-2008050845288/" target="_blank" title="interest rates, euro forex trading, sterling forex trading, forex trading, currency trading, UK pound currency trading, currency trading US dollar" style="font-family: verdana,arial,helvetica,sans-serif;">UK pound in currency trading</a><span style="font-family: verdana,arial,helvetica,sans-serif;">, this meant a short term gain against the US dollar. However, </span><a href="item/203251" target="_blank" title="interest rates, euro forex trading, sterling forex trading, forex trading, currency trading, UK pound currency trading, currency trading US dollar" style="font-family: verdana,arial,helvetica,sans-serif;">economic indicators are showing a slowdown</a><span style="font-family: verdana,arial,helvetica,sans-serif;">, and the BOE may have to cut rates later this year.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">The euro initially fell after the news that the ECB kept rates steady. However, a</span><a href="http://www.reuters.com/article/usDollarRpt/idUSN0835418820080508" target="_blank" title="interest rates, euro forex trading, sterling forex trading, forex trading, currency trading, UK pound currency trading, currency trading US dollar" style="font-family: verdana,arial,helvetica,sans-serif;"> news conference with Jean-Claude Trichet</a><span style="font-family: verdana,arial,helvetica,sans-serif;"> -- in which he struch a hawkish stance -- is helping the euro turn around.</span></font><br /> 9 application/xml false currency trading currency trading US dollar euro forex trading forex trading interest rates sterling forex trading UK pound currency trading Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.1.14) Gecko/20080404 Firefox/2.0.0.14 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 119232 blog blogsite/GFTForex/web