Switzerland Feb ZEW Survey - Expectations rises to 10 vs -6.9 (Jan)
Feb 20, 2013
Forex: EUR/GBP rallies on BoE's King vote for QE
The British Pound is getting run over by the euro after the BoE meeting minutes revealing that Governor King, Fisher and Miles were in favor of an increase of £ 25B in QE. The EUR/GBP has rallied from 0.8690 to as high as 0.8757, and it's not safe to say the rally has stopped.
The British Pound is plunging against its counterparts, sending the GBP/JPY to lower levels as well. The release of the BoE meeting minutes triggered a move below the 144.00 handle for a test of the 143.00 mark in a matter of 20 minutes.