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The British Pound is getting hit for several reasons.
1) The trade was expecting a 25 base increase in rates but monetary policy
was left unchanged.
2) 25 million tons of gold were auctioned off on Tuesday, with 25 more tons
due to be auctioned each quarter for the next 3 quarters. The trade feels
this will continue to pressure the market
If I can be of further assistance please call me at 1800 5265767 or Email.
Our division works with many different types of professionals. We offer
competitive service and rates.
Bob/Chicago
* Information deemed reliable but not guaranteed. Commodity futures and
options has significant risk.
-----Original Message-----
From: DKillen491@xxxxxxx <DKillen491@xxxxxxx>
To: realtraders@xxxxxxxxxxxx <realtraders@xxxxxxxxxxxx>
Date: Thursday, July 08, 1999 10:19 PM
Subject: Fwd: currencies- british pound
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