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British Pound Brushes Off BOE Rate Cut, US Dollar May Face Dismal NFPs on Friday (Forex Video)

Thursday, 08 January 2009 21:35:12 GMT

Written by Terri Belkas, Currency Strategist

The British pound managed to shrug off the Bank of England's rate cut this morning, while US data suggests that Friday's non-farm payrolls (NFPs) figures could be deeply disappointing.

Stories To Watch on DailyFX

-                Why didn't the Bank of England's rate cut impact the British pound, and what are the markets expecting from US non-farm payrolls tomorrow?
-                The rally in risk appetite stalls; but does this mark the end of the young trend? Our DailyFX Analysts offer their forecasts and their favored setup.

 Questions? Comments? You can send them to Terri at tbelkas@dailyfx.com.

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