Forex In 60 Seconds - Pound Responds To A Mum BoE, USDCAD Prepares For Volatility Friday

Published July 11th, 2008 - 01:35 GMT
Al Bawaba
Al Bawaba




 ·          The biggest drop in UK home prices in 16 years and decision from the BoE to leave rates unchanged leads the pound to a quick retracement.
 ·          A strong UCSC Chain Store sales report shouldn't boost expectations for next week's Retail Sales figure since details show discretionary spending plunging.

Stories to watch on DailyFX

·          What pairs are the DailyFX team trading? Check out the DailyFX Trade Calls (updated daily).
·          Recent high volatility in the majors hasn't turned into direction. See how the retail community is positioning in these market conditons in the SSI report.

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