AceTrader: Market Moving News

Gbp/usd - 1.3820 ... Investors are now expecting the Bank of England will probably soon start buying 'a rather wide range of financial assets' in an effort to increase money supply and boost the economy. The British pound rebounded fm 1.3721 on short-covering, however, selling interest is likely to emerge at 1.3840, 1.3860/65 n 1.3900. On the downside, stops are reported below 1.3715/20 but some demand is seen abv major support at 1.3682 (2001 low).