NEWS / Foreign Exchange

Chances for interest rates cut of BoE raising today

Somechances for surprising interest rates cut of Bank of England are possibletoday. The high level of the interest rates put some questions about the UKhousing market. The high interest rates cool the housing sector at the sametime the manufacture sector is going down. At the moment the UK interest ratesare at 5.75%. For the moment most of the traders expect Bank of England to holdthe interest rates unchanged at 5.75% but the chances for rate cut raises andif not today on the next BoE meeting is possible interest rates cut with 25bps. The pound trading is sure above 2.10 against the dollar and is on the wayto test 2.11 soon.