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Politics in the UK should continue to trump economics – BBH

FXStreet (Barcelona) - The Brown Brothers Harriman Team believes that the uncertainty of the formation of a majority government in the UK will keep any economic data release out of the picture.

Key Quotes

“Politics in the UK should continue to trump economics until at least the May 7 election. The fear that many have is that the politicians will be unable to cobble together a majority government. "

“The era of now single party governments could have given the Lib Dems a key role, but it has gone and eviscerated itself and will be punished in the polls. Partly Cameron ensured this by not allowing the Lib Dems to give their constituency any meaningful policy victories.”

“UKIP seems to believe its own propaganda and has a self-serving interpretation of its strong showing in last year's EU parliamentary elections. It will be lucky to win more than a handful of seats.”

USD/SEK poised to test 9.3295 – Danske

Thomas Harr, Global Head of FICC Research at Danske Bank, views that the strong trend momentum seen in USD/SEK favours a test of 9.3295 followed by 9.8275.
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EUR/GBP testing lows near 0.7200

The increasing weakness around the single currency dragged EUR/GBP to another visit of session lows around 0.7200 the figure...
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