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Forex Trading - BOE-will swap gvt paper for mortgage- backed sec.

Posted by Forex Bob on Sun, 04/20/2008 - 5:52pm in

Bank of England will announce a plan to swap 50 billion pounds
of government bonds for mortgage-backed securities to ease
credit 
This plan has been rumored for some time and is view to be faverable towards GBP
     GBP/USD is unchanged from Fridays NY close at 1.9980

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