Dislikedi'm new posting, but i have been reading your's post for allmost a year. I'm from Chile, south america.
GBP it's going up tomorrow, because the bank of England it's going to for a 200 billion in Asset Purchase Facility. Every time that this ocurrs, the GBP goes up, and the EUR follows it. I hope this pattern happens once again.
I´m long since 5770 in the GBP.
Best regards to all, and good luck.
PD: sorry for my english...Ignored
A programme of asset purchases financed by the issuance of central bank reserves was initiated on 5 March 2009. The most recent change in the size of that programme was an increase of £25 billion to a total of £200 billion on 5 November 2009.
So QE was actually initiated in March 2009. I suggest you check the following web site for further information with regards to any BoE decisions and announcements. http://www.bankofengland.co.uk/
You can also read the MoM which will be released on the 22nd December and you can download it from -http://www.bankofengland.co.uk/monet...ecisions10.htm
I wish you success with your trading!