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Forex Flash: GBP/USD year-end target remains at 1.45 – Scotiabank

FXstreet.com (Barcelona) - The sterling is trading in a narrow range since the opening bell in London this morning, between 1.5340 and 1.5380, following the increasing risk-off tone prevailing in the markets.

According to Camilla Sutton, Strategist at Scotiabank, “Next week’s CPI will be important, particularly as inflation expectation metrics are beginning to rise; however next week’s highlight will come with the release of the BoE minutes on Wednesday. We expect there is further near‐term GBP upside ahead; but that ultimately GBP trends towards 1.45 into year-end”.

Forex Flash: Global equities suggest high rate of return over 3 years – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, “We expect strong equity returns globally over the next 3 years. We developed our framework for forecasting equity returns over the medium term and extend our forecast horizon to the end of 2015.”
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Forex: USD/JPY hovering over 99.00

The Japanese yen is extending its intraday appreciation against its American counterpart on Friday, gaining ground since yesterday’s tops just pips away from the triple-digit resistance and favoured...
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