BoE cut today

Discussion in 'Forex Trading' started by syspool, Dec 6, 2007.

  1. syspool

    syspool

    What will be the effect on the BP futures and the GBPUSD of the expected cut today ?

    Felix
     
  2. That .25 cut was CLEARLY priced in. The pound is one day from it's biggest beating in nearly 3 years. WE'll see a slight rally then 2.01 is on the horizon ahead of US NFP.