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BoE minutes 'prompt sterling to rise vs dollar'

BoE minutes 'prompt sterling to rise vs dollar'
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Forex traders might be interested to note the Bank of England (BoE) minutes have played a part in sterling rising against the dollar this morning (November 17th), it has been reported.

According to Reuters, the pound increased by 20 pips to $1.5937 following the release of the document, which showed a three-way split, similarly to the previous month.

The notes come from the Monetary Policy Committee meeting on November 3rd-4th and showed seven members were keen to keep the interest rate at a level of 0.5 per cent.

What's more, the euro fell to a session low of 84.70 pence against the sterling after the single currency stood at around 84.86 pence earlier in the morning.

Meanwhile, the markets were concentrating on Ireland's financial issues as eurozone ministers looked to be preparing a bailout package by agreeing to send a joint European-IMF mission to the country.

It has been reported that talks are due to start this week should Dublin be keen to receive aid.

Posted by Greg SeckerADNFCR-1681-ID-800240737-ADNFCR