Thursday, June 5, 2008

Forex News - Interest Rate Statement. Halifax House Price Index

The Halifax House Price Index UK.
BUY GBPUSD
If it comes out at 0 or higher, BUY GBP/USD for 20 to 30 pips.
SELL GBPUSD
If it comes out at -2.0, SELL GBP/USD for 20 to 30 pips.

UK Interest Rate statement.
It is expected they will hold the rates at 5.00%.
BUY GBPUSD
Rate increased to 5.25%, BUY GBP/USD for 70 pips.
SELL GBPUSD
If the rate is cut, SELL GBP/USD for 70 pips..

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