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Brexit on cards, if Brussels doesn’t give substantial reforms - Investec

FXStreet (Delhi) – Research Team at Investec, note that the Daily Telegraph is reporting that UK Foreign Secretary Philip Hammond said Britain will vote to leave the EU if Brussels doesn’t give in to “substantial” reforms.

Key Quotes

“Prime Minister David Cameron also said he would 'rule nothing out' if he failed to secure Britain the deal in Europe he feels they deserve, implying he could campaign for a Brexit if his terms are not met by Brussels - although sceptics would argue that Cameron would likely water down his requests before outright campaigning to leave the single market.”

JPY: All roads leading towards BoJ monetary policy - MUFG

Lee Hardman, Currency Analyst at MUFG, suggests that the yen has weakened modestly in the Asian trading as investor risk sentiment has improved initially as dampened Fed rate hike expectations have for now outweighed the negative implications for the global growth outlook from the weaker payrolls report and in addition to that, Yen weakness also reflects some speculation that the BoJ could ease monetary policy further at their policy meeting this week.
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WTI firmer above $ 46 as Russia agrees to meet OPEC

WTI oil on NYMEX extends its upward momentum from Asian and surpasses $ 46 threshold in the European morning, as the latest reports surrounding Russia’s agreement and the drop in US rig count boosted the prices.
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