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EM: Negative portfolio flows for third consecutive month – BBH

FXStreet (Delhi) – Research Team at BBH, notes that according to the latest released IIF numbers on EM portfolio flows, the institute estimates that portfolio flows to EMs were negative for the third consecutive month in September.

Key Quotes

“It also revised the flows for July and August lower. Investors are estimated to have sold some $40 bln worth of EM assets in Q3, making it the worse quarter since Q4 of 2008, with selling about equally divided between debt and equity.”

GBP: UK Q2 GDP indifferent, unlikely to affect policy – TDS

Paul Fage, Senior Emerging Markets Strategist at TD Securities, notes that the revised 15Q2 national accounts were identical to the previously-reported GDP number (+0.7% q/q) for the UK and owing to the structural nature of these revisions, the MPC will see right through them, and they won’t affect policy in the UK.
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EUR/USD testing the 1.12 support

The shared currency remains entrenched in the negative territory on Wednesday, sending EUR/USD to challenge the critical support at 1.1200...
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