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PhilBen · 04-03-10, 08:38

The Pound BOE officials could keep their bond-purchase plan on hold today as the pound’s worst performance since October 2008 puts severe pressure on the UK recovery. Sterling has dropped 4 % against the dollar in the past month. Policy makers led by Governor Mervyn King are waiting for the 200 billion- pound program to take full effect on an economy trying to shake off the deepest recession on record.

The Euro The ECB may have to decide just how much it’s prepared to allow Greece dictate monetary policy for the euro region as a whole. As Greece’s struggle to cut its budget deficit and keeps the euro close to a 10-month low, ECB officials will today debate whether to slow the withdrawal of emergency measures used to fight the global financial slump. While Trichet says Greece won’t get special treatment, he will still have to plot a course that avoids unsettling markets further.

Major Data out Today
AU Trade Balance
CA Building permits
US Initial Claims
CA Ivey PMI
US Pending home sales

Live IB rates at 8.31 am UK
GBP - EURO 1.101
GBP - USD 1.503
GBP - AUD 1.669
EURO – USD 1.365

04-03-10, 08:38	#14 (permalink)
PhilBen Finding my feet here Join Date: Jan 2010 Location: Cornwall UK Posts: 21 Thanks: 1 Thanked 0 Times in 0 Posts	Currency Market Update 04/03/10 The Pound BOE officials could keep their bond-purchase plan on hold today as the pound’s worst performance since October 2008 puts severe pressure on the UK recovery. Sterling has dropped 4 % against the dollar in the past month. Policy makers led by Governor Mervyn King are waiting for the 200 billion- pound program to take full effect on an economy trying to shake off the deepest recession on record. The Euro The ECB may have to decide just how much it’s prepared to allow Greece dictate monetary policy for the euro region as a whole. As Greece’s struggle to cut its budget deficit and keeps the euro close to a 10-month low, ECB officials will today debate whether to slow the withdrawal of emergency measures used to fight the global financial slump. While Trichet says Greece won’t get special treatment, he will still have to plot a course that avoids unsettling markets further. Major Data out Today AU Trade Balance CA Building permits US Initial Claims CA Ivey PMI US Pending home sales Live IB rates at 8.31 am UK GBP - EURO 1.101 GBP - USD 1.503 GBP - AUD 1.669 EURO – USD 1.365 __________________ Phil Bennetts Currency Exchange Service Foreign Currency Options Web Design Cornwall