Pound Strengthens as BOE Keeps Stimulus on Hold; Gilts Decline – Bloomberg – 06-07-12

Salient to Investors:

37 of 42 economists surveyed by Bloomberg correctly predicted the Bank of England would not increase its stimulus program.

National Australia Bank Ltd said Chinese move to stimulate their economy is generally supportive to risk assets.

Predictions:

Bank of Tokyo-Mitsubishi UFJ said Pound remains under downward pressure because the U.K. economy will weaken.

Read the full article at http://www.bloomberg.com/news/2012-06-07/pound-rises-against-dollar-after-boe-keeps-stimulus-plan-on-hold.html

Leave a Reply

Your email address will not be published. Required fields are marked *