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

Published July 24th, 2008 - 12:40 GMT
Al Bawaba
Al Bawaba



 ·          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

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