- British Pound surprise all due to MPC Meeting Minutes


Master Trader
Jan 11, 2011
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 :