DailyFX
10-19-2009, 07:25 AM
The British Pound advanced to a high of 1.6373 following the larger-than-expected rise in U.K. home prices however, the currency pared the overnight gain and halted the four-day rally as market participants speculate the Bank of England to expand its asset purchase program in an effort to jump-start the economy.
complete story here... (http://www.dailyfx.com:80/opencms/forex/fundamental/daily_briefing/session_briefing/us_open/2009-10-19-1053-British_Pound_Halts_Four_Day_Advance.html)
complete story here... (http://www.dailyfx.com:80/opencms/forex/fundamental/daily_briefing/session_briefing/us_open/2009-10-19-1053-British_Pound_Halts_Four_Day_Advance.html)