Minutes from Bank of England Meeting of the 6th and 7th May; No surprises.

[RTFX-Trading]

Minutes from Bank of England Meeting of the 6th and 7th May; No surprises.

All 9 members of the Bank of England, which met on the 6th and 7th May 2009 voted for the status quo in interest rates at a record low of 0.50% and the increase of 50 billion Pounds in Unconventional measures program

The Pound sterling was up slightly on the day at 0.20% against its major rivals, and remained stable against the U.S. dollar around 1.5500. Some stop losses above 1.5523 were executed this morning. There are new sellers around 1.5550-80. A series of stop loss buyers are placed above 1.5600.



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