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Key Points
· The British Pound bounced on the BOE's decision to leave rates steady, as futures had priced in a 60 percent chance of a 25bp cut. (See the Daily Market Brief for more on this.)
· Event risk today includes commentary from ECB President Trichet, will this play out in line with the bearish EUR/USD scenario Technical Strategist Jamie Saettele has called for?
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Terri Belkas
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