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Hello Everyone:
For those who are in my Weekly Outlook Report, you must be happy by now, because my calls on SELL GBP must have made you good money today; but for those who are not on my Weekly Outlook Membership (paid service), here is what I wrote on Sunday for the Sterling:
MPC, Monetary Policy Committee, from Bank of England (BOE) will be releasing their meeting minutes over the Rate Decision meeting held 2 weeks ago along with the actual vote count over the rate decision and possibly the Qquantitative Easing measures (QE). Last rate decision MPC decided to leave both rates and their QE unchanged, which provided an immediate short-term (and short-lived) support for the British Pound. This meeting minutes, however, will probably have more profound effect on the British Pound than its predecessors because of the sharp gain in GBP last week, which was attributed to none other than the rumor to the possible termination of the QE program, and solid proof will be provided by official sources today.
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