The Bank of England (BoE) maintained their interest rate at 0.5% and their Asset Purchase Facility at 375B. Although the result is what the market has expected, the knee jerk reaction still caused the GBPUSD to shoot up close to 80 pips in the first 1-2 minutes after the announcement.
If you have gone long on the GBPUSD, you could have bagged close to 80 pips profit within 1-2 minutes, which is equivalent to USD800 on 1 standard lot. Would you mind making an extra USD800 in less than 2 minutes? This could happen to you if you are trading the Forex market. Click here to start your live account today!
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via Forex Breaking News: UK Maintains Status Quo
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