The British Pound was the big story overnight, experiencing a wild 100 pip V shaped swing as Cable first fell on the Bank of England decision and then gained it all back as the FOMC minutes came into play. GBP/USD 5 Minute: The Bank of England held UK interest rates at a record low level of 0.5%, with the bank’s Monetary Policy Committee voting 1-0-8 (increase-decrease-hold) in favour of keeping rates unchanged for another month. Along with the now standard risk of turmoil in emerging markets,
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