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BoE in no hurry – BBH

FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the conditions in the UK data in the London shift.

Key Quotes:

"The UK reported September headline retail sales at -0.3 m/m vs. -0.1% expected. CBI also reported October business optimism at 8 vs. 15 consensus and 19 in September, while total orders fell to -6 vs. -3 consensus”.

“BOE minutes this week showed rising concern about the spillover risks from a weak Eurozone, and suggest the bank is probably in no hurry to tighten."

EUR/JPY may find 137 hard work on the bid

EUR/JPY is trading at 136.89, up 1.02% on the day, having posted a daily high at 137.03 and low at 135.21.
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