Shorted-Lived Gain

Much to the dismay of many FX traders, the US Dollar took a bit of a hit this morning across the majors from speculative rumors that the British Pound might push to a 50 basis point rate hike. The Bank of England’s Monetary Policy Committee voted unanimously for a 25bp rate hike at its meeting in May, surprising many traders who expected to hear at least one voice of dissent. Read More...