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A feb rate hike from BoE? - RBS

FXStreet (Guatemala) - Analysts at RBS explained that after BoE Governor Carney signalled that a February rate hike is consistent with the Bank of England reaching its mandates over the medium-term.

Key Quotes:

“UK interest rate expectations should be determined by (moderating) domestic data”.

“September services PMI is the highlight on the UK data calendar next week”.

“Second quarter GDP will be revised as well. Developments in the US and Euro-area are likely to drive GBP valuation in the near-term”.

“We favour GBP/USD downside and EUR/GBP downside”.

EUR/USD below 1.27 lowest since 2012

EUR/USD is trading at 1.2687, down -0.49% on the day, having posted a daily high at 1.2762 and low at 1.2678.
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