The Pound suffers sharp decline following the minutes of BoE MPC Meeting.

[RTFX-Trading]

The Pound suffers sharp decline following the minutes of BoE MPC Meeting.

The announcement of the vote for increasing by £50 billion asset purchases at the last meeting pushes investors to liquidate long positions accumulated in Sterling this week.

The market expected a unanimous vote of nine members voting in favor of raising by £50 billion. The Governor of the Bank of England, Mervyn King, and two other board members (Besley and Miles) voted to raise purchases by £75 billion. This is only the third time that the MPC adopts a decision different from that desired by Mervyn King, since he took office in mid-2003.

The Pound is in dropping sharply, 0.72% against its major rivals, down nearly 1% against the US Dollar, 0.75% against the Euro, 0.82% against the Swiss Franc. As for the "carry trades", after being under pressure, they now appear to be holding their ground.



Good Day

Nicolas Longchamp
RTFX Ltd
Head Office
The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel:  +356 23 31 00 00
Fax: +356 21 41 24 58
Web: www.rtfx.com

This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accordance with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except with formal approval. The internet cannot guarantee the integrity of this message. RTFX Ltd (and its subsidiaries) shall (will) not therefore be liable for the message if modified. Do not print this message unless it is necessary, consider the environment. RTFX Ltd holds a Category 3 license issued by the Malta Financial Services Authority.