BoE predictions help CMC to top spot
Ashraf Laidi, chief foreign exchange strategist at CMC Markets in London, said the BoE had been indicating it would broaden its quantitative easing measures, which it fulfilled by extending its asset purchase programme to £175 million in August. CMC's technical analysis additionally revealed unsustained sterling daily gains - as the unit's rallies were not driven by fundamentals but rather by improved risk appetite.
"When you look at the technical behaviour of sterling during its day rallies, it
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