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BoE likely to hold off till 2015 before hiking rates - Gerry Davies

FXStreet (Łódź) - FXBeat Editor Gerry Davies believes we won't see the BoE increasing rates before the first quarter of 2015 when a 25bp hike should be implemented.

Key quotes

"Indeed I have a feeling the UK economy might be running out of steam after its recent growth spurt, evidence last weeks weaker than expected manufacturing PMI and consumer confidence data."

"Will be interesting to see upcoming economic data releases. "

"Cable has been under pressure lately, pretty much as we had expected."

"As I’m typing this it’s circa 1.6850. Anything above 1.7000 looks too rich to me. Indeed I have a feeling we’ll see ol’betty trade below 1.6500 before Santa comes sliding down the chimney."

Ukraine crisis possibly escalating but EM price action fairly firm - Deutsche Bank

Jim Reid from Deutsche Bank suggests that the turmoil in Ukraine will remain in focus in the nearest future, but at the same time he points out that yesterday's reports of an escalation of the conflict hadn't affected EM price action much.
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EUR/CHF is testing 1.2150...hopelessly, endlessly

EUR/CHF is trying hard to recover from Wednesday’s low of 1.2138, but it has managed only 1.2151 high so far; 13-pips rally is hardly impressive, while 1.2150 resistance area may terminate it for good
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