BNP Paribas Comments That Its Increasingly Unlikely That Rates Will Be Lifted In December For BoE []
Raymond Van der Putten from BNP Paribas commented on Wednesday that the Bank of England's Monetary Policy Committee (MPC) published their Minutes. He commented that they showed that seven out of the nine members voted in favor of keeping the Bank Rate unchanged at 5.75%.
Loonie Slips Closer To Par With US Dollar, At Multi-week Low [USD/CAD]
The Canadian dollar fell to a multi-week low versus its US counterpart Wednesday morning in New York. The loonie slipped to .9906 at around 9 am ET, the closest its been to parity with the dollar since early October. The loonie has fallen sharply versus the buck since reaching a modern-era high of .9056 earlier in November.
Swiss Franc Rises Against Euro And Pound [CHF]
Extending the early European session's uptrend, the Swiss franc rose sharply against the euro and the pound around 4:25 am ET. As of now, the franc is worth 1.6357 against the euro and 2.2748 against the pound.
Wednesday, November 21, 2007
BNP Paribas Comments That Its Increasingly Unlikely That Rates Will Be Lifted In December For BoE []
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Any views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.
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