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Forex Flash: GBP/USD higher ahead of key inflation report – OCBC Bank

Emmanuel Ng of OCBC Bank notes that GBP/USD managed to bounce off sub-1.5600 lows on Tuesday to end slightly higher on the day in line with the majors and ahead of the BOE Inflation Report today.

He writes, “On this front, expect the pound to remain vulnerable if the BOE remains sufficiently cautious on the economic outlook. In the interim, we retain a top-heavy posture for the pair with 1.5800 expected to serve as a key resistance while 1.5550 may beckon again on any further negativity.”

Forex: EUR/USD in session highs ahead of EMU data

The euro is posting fresh highs above 1.3480 on Wednesday, ahead of the Industrial Production figures in the euro zone, expected to improve in December to 0.2% on a monthly basis and -2.4%...
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Forex Flash: EUR/JPY may drag EUR/USD lower – BTMU

Derek Halpenny, European Head of Global Market Research at the Bank of Tokyo Mitsubishi UFJ feels that if the yen is to correct stronger then this could have some influence on EUR/USD with EUR/JPY sales potentially dragging EUR/USD lower too.
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