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Forex Flash: BoE to be utilize more unconventional approach – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, “The UK’s disappointing growth performance primarily reflects insufficient demand and short-term supply factors, rather than long-term weakness in the supply capacity of the economy. For this reason, we sympathize with those who argue that the BoE could and should do more to support the recovery – ‘effective’ interest rates in the UK have remained stubbornly high and credit availability has been too tight.”

However, this has more to do with the BoE’s reluctance to engage in credit easing measures – such as the FLS – than with the BoE’s remit. “We expect the BoE under Governor Carney to be more prepared to undertake ‘unconventional unconventional’ policies of this type, with or without a change in the BoE’s remit.” the team adds.

Forex Flash: GBP/AUD potential upside to the 1.62 region – Danske Bank

The pair is now retreating from today’s highs above the key resistance at 1.51, although still trading not far from 2013 lows around 1.50...
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Forex: USD/CHF above 0.9100 mark

The USD/CHF rose to as high as 0.9110 during the European session, allowing there the test of the 0.9100 psychological level as support. The pair is moving back to the highs as of writing, up by +0.31% on the day.
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