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Highlights over next few days – Westpac

FXStreet (Guatemala) - Sean Callow, chief analyst at Westpac Banking Corporation ABN noted the day ahead into Europe and the US session and weekend highlights.

Key Quotes:

“In Europe, the UK’s Q3 preliminary GDP is due. Survey data suggests the economy is slowing in H2 2014, and our forecast is at consensus 0.7%, with the previous print at 0.9%. We also have the results of the ECB’s Asset Quality review this Sunday”.

“As ever, when stress test results are released, there are risks that banks fail and are forced to raise capital. This could create some volatility in equity and FX markets early next week. However, the end of the AQR process means we are on the cups of a new chapter for liquidity in Europe. The ECB is intent on increasing the size of its balance sheet”.

“This is a process that should start to weigh on the EUR again in coming weeks.

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