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4 May 2018

GBP longs under pressure – Nomura

The past two weeks have been brutal for GBP longs, according to analysts at Nomura.

Key Quotes

“Mark Carney opened up a can of worms by suggesting the MPC’s reaction function was less set on an upcoming hike than the market expected, while the data surprises in CPI, GDP and PMIs have further diminished any hopes of a May hike (now just 4.5bp).”

“We think GBP/USD longs are at attractive levels and enter long positions targeting a move to 1.41.”

May 4, 2018

Moody’s: Expect Swiss economic growth to rise to 1.5% this year

The US-based ratings agency, Moody’s Investors Service, is out with its forecast report on the Swiss economy, highlighting the following key points:
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May 4, 2018

Eurozone: Sound growth likely in H1 18 - Westpac

April PMIs held in relatively firmly and still imply sound growth for Eurozone in H1 18, however the tone of the reports has turned decidedly less con
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