[B]Ikon Forex [/B]– Because of the cautious emotions of the forex brokers in the forex market before the claim of FED on its interest rate, most of the forex analysts believed that FED might suggest to further implement its quantitative easing policy, and affected by this the UK national debt slumped on Tuesday at the end of the forex market.
A forex analyst in Deutsche Bank who was called Mohit Kumar said it as predicted that FED would further implement its quantitative easing policy in the forex market and the possibility was over 50 percent already, and the decision to buy in assets was sure to be the support for the debt market in the forex market.
The UK national debt which was due in September was closed 0.13 lower at 122.41, a little bit weaker than the performance of German national debt in the forex market.
And the yield rate of the longer UK national debt was increased; the yield rate of thirty-year UK national debt was increased by 2.6 basis points at 4.219 percent in the forex market.
The UK central bank would release its inflation report at 17:30 Beijing time on Wednesday. It was possibly that the report might predict the economic recovery of UK would become slower in the next two years, but the expectation of inflation might be increased in the forex market.
Edited by Laura in Ikon Group.