Forex: GBP/USD in red below 1.5000

The pessimism surrounding the sterling is building up on Thursday, ahead of the BoE MPC gathering due later in the European afternoon. Market participants are ruling out a change of the refi rate but the likeliness of a reactivation of Gilts purchases has been keeping the demand for GBP subdued.

As of writing, GBP/USD is down 0.15% at 1.4993 with the immediate support at 1.4965 (2013 low Mar.7) ahead of 1.4949 (low Jul.12 2010) and then 1.4873 (low Jul.1 2010).
On the flip side, a breakout of 1.5018 (high Mar.7) would expose 1.5110 (high Mar.6) and finally 1.5111 (MA10d).

Mar 7, 2013

Switzerland: Unemployment Rate unchanged at 3.1% in February

The Swiss Unemployment Rate remained steady for the second running month at 3.1% in February, the State Secretariat for Economic Affairs (SECO) informed on Thursday. This result is in line with forecasts.

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Mar 7, 2013

Asian markets down, Nikkei rises despite unchanged BoJ

Japan's Nikkei Stock Average rose one more time, ahead of the BoJ monetary policy decision, but closed below the 12,000 key level. Still, with +0.30% gains on the day. The BoJ kept things unchanged, leaving the target rate at 0.1% and keeping its asset purchase program unchanged.

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