US EIA Crude Oil Stocks change registered at 1.429M to beat forecasts (0.9M) in February 28

FXStreet.com (Barcelona)

Mar 5, 2014

BoC keeps interest rate steady at 1% in March

As widely expected, the Bank of Canada decided to keep its target for the overnight rate unchanged at 1% at its March monetary policy meeting.

GBP/USD attacks daily highs at 1.6730

The Sterling is trading higher right now against the US Dollar following the weak ISM non manufacturing PMI and BoC’s decision to maintain rates at 1% while removing reference to benefits of weaker CAD in its statement.