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GBP at highest since Brexit

Comment that UK interest rates will go up rallies the pound. It is trading this morning at highest since June 2016. Will US data out today help greenback recover against basket of currencies and how will EIA Crude Oil Stocks affect the loonie today?

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Market Movements Today

Traders wait for EU’s Consumer Price Index and US Industrial Production and Housing Market figures. The loonie could react to today’s interest rate decision.

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Daily Briefing – Thursday, January 16, 2018

EU Trade Balance figures widened in November. As a result, the EUR rose against the USD by 0.57%. No EU data today but German figures could have an effect on the EUR. Down in Australia, watch reaction the Westpac Consumer Confidence figures

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Daily Briefing – Monday, January 15, 2018

Reports that The Netherlands and Spain had agreed to work together for a soft Brexit has proved beneficial for the pound and on the European front, keep an eye on political developments in Germany and on today’s Trade Balance figures.

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