January Effect 2003 Message Board

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Strategies & Market Trends : January Effect 2003

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To: Londo who wrote (460)	5/8/2003 5:27:32 AM
From: RockyBalboa	Read Replies (1) of 666

Weak FTSE Waits for Rate News Thursday May 8, 4:43 am ET By Keiron Henderson LONDON (Reuters) - Britain's FTSE 100 index backed further away from the year's high on Thursday, waiting for decisions on interest rates from the Bank of England and the European Central Bank at 7 a.m. EDT and 7:45 a.m. EDT. ----------------------- The heat is on - the pound which got a pounding yday is gearning up and shall cross 1.60 by noon here (I hope...). If not, well, then there is still the nasdaq to pound. One dealer said, he things the BoE will not cut the rates and the ECB will do 50 bps, lol. If that happens then the EUR and pound will trade upside down,.... The official plan calls for no cut at the ECB and -25 at the boe.

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