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Forex Flash: BoE decision on QE – analysts unanimous that vote is likely to remain a close one -TD Securities

FXstreet.com (London) - TD Securities analysts feel that the BoE is focusing its attention on targeting credit channels directly, with the recent extension of FLS. However, they say the vote is likely going to remain a close one, with three of nine MPC members having voted for more QE for the last three months, and recent comments from Weale suggesting that the fall in energy prices and easing of wage pressures could have him reconsidering more stimulus as well.

Ahead of BoE, Sterling has benefited this morning with some positive data for March, with industrial production expanding 0.7% on a monthly basis while the manufacturing production grew 1.1% MoM.

Forex Flash: ECB to buy asset-backed securities for support? – Deutsche Bank

The ECB's Asmussen noted yesterday that the central bank has discussed buying asset-backed securities (ABS) to support lending to SME firms. He said that policy makers have an open mind to look at all things within their mandate but warned that while the ECB is looking at all possible options to rekindle the ABS market policy makers are far from reaching any conclusion.
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Forex Flash: EUR/GBP year-end target at 0.8700 – Rabobank

The pair is now transiting session lows on Thursday, dragged by the renewed strength in the sterling and the resilience of the single currency around 1.3140/60. In light of today’s BoE MPC gathering...
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