The Sterling (GBP) remained at the 1.6100 level in very tight range which is unusual for the Pound which usually trades in a 100 pip+ daily range. The BOE meet tonight to discuss UK interest rates and are widely expected to keep rates at 0.5% and the asset purchase program at 375bn. Looking ahead, ECB Interest Rate Decision forecast to hold at 0.75%. BoE Interest Rate Decision forecast at 1.0% previously.
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