The British Pound gained in overnight trade on expectations the Bank of England will not follow the US Federal Reserve to renew quantitative easing after today’s monetary policy announcement.
Key Overnight Developments
New Zealand Dollar Gains as Jobs Report Spurs Rate Hike Bets
Australian Dollar Drifts Lower on Soft Retail Sales, Trade Data
British Pound Gains Ahead of Bank of England Rate Decision
Read More at : http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2010/11/04/FOREX_British_Pound_Gains_Before_Bank_of_England_Rate_Decision.html
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