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Forex Flash: Sterling eclipses Yen as main FX focal point - BBH

Brown Brothers Harriman analysts note that GBP has replaced JPY as the focal point for the FX market as it hits fresh multi month lows.

They note that the latest move comes as the BoE minutes revealed that the bank is closer to easing than had previously been suspected and while it was a unanimous decision to leave rates on hold as expected, it was a tighter 6-3 vote on new asset purchases. The market had expected an 8-1 vote.

Forex: GBP/USD clings to 1.5300

The sterling remains unable to gather any traction to leave the bearishness behind, intensified after today’s dovish tone from the BoE minutes and the close voting pattern regarding an increase of the asset purchase programme...
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Forex Flash: RBNZ intervention is fruitless - Nomura

Nomura Strategist Geoffrey Kendrick believes that RBNZ intervention will prove to be a fruitless endeavor.
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