11:43CET
And the markets have gone berserk. The USD initially gained on the news, sending Cable to 1.6040, Euro to 1.3665, AUD to 0.9830, but in a matter of minutes we are near the session and multi-day highs, with Cable hitting again the 1.6095 area, Euro back to 1.3720 etc. Very knee-jerk market reaction and volatility at its peak as China finally confirms the rate rise after 3 consecutive Fridays of market rumors that it would be doing so...on a Friday, of course.Posted via email from MT4
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