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It Might Take More Than Jane Austen To Bring Back The Sterling Bulls
“I declare after all there is no enjoyment like reading” may be the Jane Austen quote adorning the new ten pound note unveiled on Tuesday by Bank of England Governor Mark Carney, but there was precious little enjoyment for sterling bulls who read the day’s UK inflation data. As US bank BNYMellon wrote, UK CPI[…]
The Aussie dollar: Heading further into the Top End or Going Down Under?
Partly supported by decent economic data out of China suggesting a continued appetite for Australia’s commodity exports, the Aussie dollar has forged higher. But Australia’s NAB thinks that the “AUD/USD move above 2016 highs is mostly a USD thing” and that “the (real) AUD TWI is now as much as 10% overvalued.” NAB believes this[…]
Previewing This Week’s ECB Meeting
Thursday’s European Central Bank (ECB) monetary policy meeting will be the key event for the euro (EURUSD, EURGBP, EURJPY). Japan’s Nomura Bank is “not expecting the ECB to announce any major changes to its policy parameters at the next Governing Council meeting on 20 July. We are, however, expecting the easing bias on the asset[…]