Currency Markets Were Largely Unchanged Yesterday

Currency markets were largely unchanged yesterday, in the aftermath of the Fed meeting. The one exception was the British Pound. UK inflation is what drove Sterling yesterday, when it was announced that inflation had reached a 9-year high of 2.5%. Presently, many anticipate one additional hike from the BoE this year, and most expect the Fed to hold steady for the remainder of 2006. Read More....