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British Pound Holds Narrow Range Following BoE Minutes, U.S. Dollar Loses Ground

Posted 11-18-2009 at 09:00 AM by DailyFX

The British Pound spiked to a low of 1.6768 following the Bank of England meeting minutes as policy makers voted 7-1-1 to increase its asset purchase program by GBP 25B to GBP 200B, but has bounced back ahead of the U.S. trade to remain little changed from the previous day.

Talking Points
• Japanese Yen: Loses Ground on Risk Appetite
• Pound: BoE Votes 7-1-1, Sees Greater Downside Risks
• Euro: Current Account Slips into Deficit, Construction Outputs...
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