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GBP Traders Prompted Profit Taking - September 19, 2012


Today the Bank of England akam released its latest minute. The report will show the central bank's latest assessment for economic policy and economic conditions.

At the meeting in September, the BoE has shown little change from the previous monetary policy, this led to the release of today will not be that surprising to analysts. The analysts expect that more aggressive action in the form of the expansion of the Asset Purchase Program.

Aggressive traders will continue to force the GBP / USD rose even higher, but overbought conditions and the aggressive expansion of the BoE will force many sales going on today. It's also prompted some traders to start taking profit taking.


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