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BoE’s McCafferty: UK likely to fall behind the rate curve – Investec

FXStreet (Delhi) – Research Team at Investec, suggest that comments from Bank of England member, and hawk, Ian McCafferty were the highlights of yesterday's London trading session.

Key Quotes

“The lone dissenter at the MPC highlighted the risks of the Bank of England being caught 'behind the curve' if they fail to raise interest rates early enough. He also highlighted he was not the only member concerned about the potential for a build-up of inflation pressures - a remark that helped the Pound re-test the 1.5500 level against the US Dollar.”

ECB’s bank lending survey points to strong credit conditions - RBS

Research Team at RBS, note that the ECB’s Bank Lending Survey (BLS) for Q3 was released yesterday and it showed that continued strong improvement in bank credit and lending terms and conditions in general.
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GBP/JPY gyrates 185.00 handle

The GBP/JPY pair is trading around 185.00 handle amid losses in the European stocks and offers around the 200-DMA at 185.36.
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