Why GU and GBP/JPY kept going up after BOE reduce rates? | Forex Factory

Why GU and GBP/JPY kept going up after BOE reduce rates?

#1
First Post: Feb 7, 2008 4:07am Feb 7, 2008 4:07am

shauny
| Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts

Shouldn't it be the another way around?

#2
Feb 7, 2008 4:15am Feb 7, 2008 4:15am

zoheir
| Joined Jun 2007 | Status: Trader | 680 Posts

Because it was cut only by 0.25% not 0.50%

#3
Last Post: Feb 7, 2008 4:18am Feb 7, 2008 4:18am

mrhurley1
| Joined Nov 2007 | Status: carpe diem | 301 Posts

traders price that kind of news in a couple days before...buy the rumour sell the news or sell the rumour buy the news

Fear's for the other guy

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Why GU and GBP/JPY kept going up after BOE reduce rates?
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