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Currency Analyst since 2010

BoE announced LRTO

The Bank of England announced long-term refinancing operations (LRTO) which will offer banks credits with maturity date of September 2014. This measure will likely aid the flow of liquidity in place of QE.

GBP/USD spiked down to $1.6019 before returning to $1.6060.

Chart. H1 GBP/USD

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