The both big Central Banks ECB and BoE held interest rates steady at 4.25 % and 5 % |
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Good morning from beautiful Hamburg. Yesterday the rate decision was not very surprised. Both central Banks, ECB and BoE, hold the rates steady. Caused by this the USD performed well on Thursday. It is Friday and Varengold wish a nice weekend to all FX traders. Market review The both big Central Banks ECB and BoE held interest rates steady at 4.25 % and 5 %. But comments from ECB President Trichet about European economy that he expects a decreasing growth pushed the USD and the EUR/USD fell to
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