Thursday, January 8, 2009

Newstrading EA: Making the Most Out of UK Rate Cut

The Bank of England has cut interest rates to 1.5%, the lowest level in its 315-year history.

I managed to established two long positions with the newstrader EA, and the newstrading program gave me the largest profit of this month so far (+89 pips).

Below is the price action following the interest rate announcement.

Long GBP/USD @ 1.5110 for +25 & 64 pips
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1 comment:

zerk said...

I do believe that this country is facing an economical problems and as a result for that they should made their forex rate at the lowest rate. We did not know this country will evade in will rise up.

1/28/09, 7:36 PM

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