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2008 Aug 13 GBP USD 250 pip drop BOE Inflation Report jpg

Summary: BOE released a report that indicates lower interest rates may be coming soon Currently the BOE is holding rates at 5 and has plenty of room to cut just to gain parity to the ECB s rate GBP USD 1 Minutes Chart 250 Pip Drop click to enlarge Dramatic example of Scheduled News Events effects on currencies

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