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Friday, May 8, 2009
Forex: GBP/USD reacts down after BoE monetary policy decision, below 1.5100
GBP/USD has reacted down after the BoE decision to hold unchanged its interest rate at 0.50%. Cable has lost more than 100 pips in the first minutes after data decision from 1.5155 to 1.5060. Currently the pair is trading around 1.5070/80, 0.40% down from today's opening price.
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