Germany 2-year Notes auction increase to 0.21% vs 0.01%
Feb 13, 2013
Forex: GBP/USD falls below support following BoE
After trading at an annual low of 1.5572 yesterday, the GBP/USD once again found itself in familiar territory – south of its opening. Following the aftermath of the BoE Quarterly Inflation report and as the BoE Governor King Speech unfolds the cross was seen trading at 1.5628/30, down -0.22%.
The release of the BoE Quarterly Inflation Report triggered a volatile move of more 50-pip range. The EUR/GBP rallied above 0.8640 as the statement says the UK GDP will stay below pre-crisis level until 2015 and CPI should stay above target for most of the next three years. BoE Governor King is speaking.