British MPC Meeting Minutes revealed that another member of the MPC, Martin Weale, voted in favor of rate hike. This added pressure raises the chances of a rate hike sooner than later, but it’s important to note that the meeting was held well before the horrible GDP figure. Is this a chance to short sterling? The other 7 members, including governor Mervyn King, still oppose such a move. One of the other 7 members, Adam Posen, even wants more quantitative easing (pound printing) to boost the economy...Full Story at :
http://www.forexsq.com/economy/british-pound-surprise-all-due-to-mpc-meeting-minutes/
http://www.forexsq.com/economy/british-pound-surprise-all-due-to-mpc-meeting-minutes/
