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Thursday, April 21, 2011

United Kingdom's Central Bank expected inflation to Super 5% GBP USD the substantial high

United Kingdom Bank (BOE) on Wednesday (20th) April meeting records show that the Central Bank's monetary policy Committee (MPC) to 6:3 vote results at that time decided to maintain interest rates unchanged. MPC believes that because of rising energy and commodity prices, inflation more than 5% is a high possibility.

Meanwhile, the United Kingdom's Central Bank said, to oversee the United Kingdom's monetary policy Committee of the financial system (FPC) formal meetings will be held on June 16 for the first time.

New York late on Wednesday, GBP/USD the substantial high, GBP/USD window open at a 1.6366 level in New York, in early trading, exchange rate shocks going up, refresh the intraday high of 1.6424 in level. Midday hours currency bottomed out, near the end at 1.64 level.

from a technical point of view, GBP/USD 30 min MACD has high death fork face adjustment. Date line MACD is showing on deviation phenomenon.

06:20 ', GBP/USD 1.6400/12.