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Forex in 60 Seconds - GBP/USD Rockets Higher On BOE Vote Count, Will UK Retail Sales Reverse Those Gains?

Wednesday, 23 July 2008 20:40:45 GMT

Written by Terri Belkas, Currency Analyst

 ·          The Bank of England's meeting minutes revealed 2 dissents in July - 1 in favor of a 25bp cut, and 1 surprising vote in favor of a 25bp hike
 ·          Canadian CPI rocketed to a nearly 3-year high, providing the Loonie with a brief boost

Stories to watch on DailyFX

·          USD/CAD quickly recovered after dipping lower this morning - find out why USD/CAD may be headed for 1.08 
·          Which economic indicators are likely to move the markets? Check out the 5 Key Events...next up, German IFO Survey, UK Retail Sales

Send any comments or questions to tbelkas@dailyfx.com

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