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Forex Flash: UK March construction PMI confirms soft economy suspicions - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that UK March construction PMI came in slightly lower than expected at 47.2 (exp. 48.0), consistent with our view that the UK economy remains soft overall.

They comment that BoE Governor King has been outvoted as the majority refuses to renew the gilt purchase program. They feel that this will likely change later in the year, after Carney has been installed as the new Governor. They see no change in BOE policy this Thursday.

Forex: USD/CHF establishes fresh lows at 0.9469/72

A USD/CHF decline has bottomed out at the 0.9469/72 level in recent moments, following what has been a bloodletting during European trading. Having lost its grip on the 0.9500 level, the cross is now operating at -0.16% below its opening, on the heels of lackluster US data.
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Forex Flash: The time has come for the Bank of Japan to deliver - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale believes that the time has come for the BoJ to deliver.
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