GBP/USD traders get set for the Bank of England By ross_burland GBPUSD BOE Currencies DollarIndex
US dollar stays pressured, helping the cable bulls along.
To this end, the pound has been performing well in its own right but also riding the coattails of US dollar weakness. At 1.3566, cable is flat and consolidating ahead of what could be a rollercoaster ride in European financial markets today. ''Futures also showed the probability of a 50-basis-point hike in March has settled at 12.5%, from as high as 32% late last week.''
France Dernières Nouvelles, France Actualités
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