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Forex News – Sterling gains after new Bank of England lending scheme

Posted on July 13, 2012 12:18 pm GMT

Sterling has been rallying sharply against  the dollar and the euro after the Bank of England announced its new lending plan that will boost credit by 80 billion pounds, in an effort to stimulate the sluggish UK economy. More and […]

Forex Market Review – Pre-US open: Euro struggles after Moody’s downgrades Italy

Posted on July 13, 2012 11:27 am GMT

The European session has been somewhat subdued ahead of the weekend. Euro remains around a two-year low after a Moody’s downgrade of Italian bond ratings kept bearish sentiment alive. China GDP data earlier in the day was nothing extraordinary and […]