Sterling Digest: February 10, 2012

• faithmight
• February 10th, 2012

Yesterday, the Bank of England delivered a new QE3 round that was exactly what the market expected in light of recent upbeat economic activity out of the UK. As a result, the BoE announcement became a non-event after the immediate knee-jerk reaction in the aftermath. Since then, we have seen a correction in pairs like $GBPUSD, $GBAUD, and $GBPNZD. Other pairs like the $EURGBP and $GBPCAD, however, remain rangebound into Friday trading.

• EURGBP Daily chart (Twitpic)
• GBPUSD Daily chart (Chart.ly)
• GBP:AUD – Falling Wedge (CMC Markets)
• GBPUSD 4 HR Ichimoku: Support at top of cloud here (Twitpic)
• GBPJPY 240min chart (Baby Pips)
• A snapshot of the UK economic statistics (FXDD) [pdf]
• Bank of England Announces £50 Billion Stimulus (MarketWatch) [video]
• Bank pumps more cash into economy (Reuters)

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Tickers: EURGBP, FXB, GBPAUD, GBPCAD, GBPJPY, gbpnzd, GBPUSD

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