Forex - Pound eases on news of split vote to hike rates |
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Published
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Wed, 24 Jan 2007 11:03
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LONDON (AFX) - The pound eased to its lowest in two-days against the dollar after the Bank of England's minutes revealed the hike in borrowing costs earlier this month came as a result of the closest vote possible.The minutes were expected to a show a 7-2 vote in favour of the hike to 5.25 pct. However, a 5-to-4 margin was revealed.The news knocked the pound to lows of 1.9700 usd from 1.9741 usd. The euro rose to 0.6598 stg from 0.6580 stg.sivakumar.sithraputhran@thomson.comss/ss/ss/amCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Forex - Yen crumples in Singapore afternoon trade as Bank of Japan holds rates 