The dollar's rally stalls after the government offers its forecast for a massive budget deficit in 2009. Event-risk traders now turn to the strong pound ahead of the BoE's rate decision.
Stories To Watch on DailyFX
- A 50bp rate cut would be departure from the BoE's recent pace of easing. Does this shift create an event-risk trading opportunity? - 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.
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