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ECB ready to do more – Liikanen

FXStreet (Mumbai) - The European Central Bank (ECB) member and the Bank of Finland’s head Liikanen was on the wires stating the bank is ready to use more measure if needed.

Liikanen added the recent ECB decisions are giving the markets a strong message and that the decisions announced last week (deposit rate cut, extension of QE to end-March 2017) had a ‘very broad majority’.

GBP/USD near 1.5180 on UK data

The sterling remained apathetic following the UK data today, with GBP/USD hovering over the 1.5180 area...
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GBP: Upside risks build-up around the BoE meeting - HSBC

Research Team at HSBC, suggests that there are upside risks for the GBP around the BoE meeting with the possibility of more MPC members voting for a hike and the GBP-USD has room to move towards 1.53 near term.
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