UK monthly GDP on the cards in the session ahead

The yen’s strong rise yesterday was driven in part by intensifying speculation that the BOJ will soon announce a policy tweak or signal further intentions at its next meeting. Markets were also whipsawed after US CPI data came out, which added to the dollar’s woes. However, the market’s mood has.

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Why Bank of America expects the pound to fall to 1.12 in short order

Bank of America Global Research discusses GBP outlook and targets GBP/USD at 1.12 and EUR/GBP at 0.89 by the end of Q1. “The UK asset markets have been reassured by the UK Budget and the overall approach of the new UK PM and Chancellor. Nevertheless, investors remain very skeptical toward.

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UK construction sector stagnates as interest rates bite

According to the Royal Institution of Chartered Surveyors (RICS), the percentage of positive net workloads balance in the real estate sector fell to -1% in the fourth quarter of 2022 from +17% and +30% in the previous two quarters. The commentary to the survey is a little more optimistic, though:.

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Trade ideas thread – Thursday, 12 January 2023

Rates will still need to rise significantly, says Rehn ECB’s Rehn: Rates will still have to rise significantly, says De Cos at the ECB US EIA weekly oil inventories for the week ending Jan 6 +18,962K vs -2243K expected Treasury Auctions of $32 billion a ten-year bond with a high.

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Markets in a State of Flux, Dollar Steady – European FX News Roundup

Today, bond markets are being bought Headers: Villeroy of the ECB has declared that rates will be pushed higher in the future Bond markets are being bought today Domestic flights are being grounded by a malfunctioning IT bond markets are being bought today Domestic flights are being grounded by a.

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ForexLive Asia-Pacific FX news wrap: Improved sentiment props up AUD & other FX

China’s yuan not far from a 4 month high – policy support, COVID recovery, seasonal demand China to pause costly chip investments as Covid strains budget PBOC Guangzhou branch reportedly guides banks to provide offshore financing to developers ICYMI – China’s Finance Minister reiterated plans to appropriately expand fiscal spending.

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ForexLive European FX news wrap: Dollar jumps as the new year kicks off

Headlines: Not quite the 2022 theme this one Bavaria December CPI +9.2% vs +10.9% y/y prior Saxony December CPI +8.7% vs +9.9% y/y prior Germany December unemployment change -13k vs 15k expected UK December final manufacturing PMI 45.3 vs 44.7 prelim Switzerland December manufacturing PMI 54.1 vs 53.3 expected SNB.

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