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Higher wages and stronger economic growth needed before a rate-hike – BOE’s Vlieghe

FXStreet (Mumbai) - Speaking to the Sunday Times on Sunday, Bank of England (BOE) rate setter Gertjan Vlieghe, noted that he would want to see the wages tick higher before the BOE embarks on the policy normalization path.

Mr. Vlieghe further added that he would rather prefer to cut rates than expand the volume of the quantitative easing (QE) in case the BOE needs to loosen policy to counter negative shocks.

US: Fed a “done deal” in December – Nomura

Research Team at Nomura, suggests that when it comes to expectations around the timing of the Fed’s first rake hike in over nine years, it certainly has become a “done deal” for December in our clients’ view, with 92% of the sample calling for it.
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NZDUSD: Range bound trading for the week - Westpac

Imre Speizer, Senior Markets Strategist at Westpac, retains a neutral bias for the week ahead, with the pair locked in a 0.6430-0.6600 range.
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