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GBP/USD: fell out of bed for US shift on BoE - Scotiabank

Analysts at Scotiabank noted that Sterling fell out of bed for the US shift.

Key Quotes:

"The sharp drop reflects the BoE’s unchanged policy decision and, more especially, the 6-2 vote in favour of maintaining the status quo, which suggests no real change in BoE thinking and no additional converts to the hawkish side of the policy camp following the departure of Forbes."

"The BoE also reduced growth forecasts and said it expects weaker wage inflation – to compound pressure on the pound."

Keep an eye on Japanese politics that is taking the market's interest - Nomura

Analysts at Nomura noted that the market's interest in Japanese politics has risen further, with Prime Minister Abe reshuffling his cabinet this week.
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US OMB's Mulvaney: Proposal to increase tax rates on rich is ‘dead’ - CNBC

Mick Mulvaney, Director of the Office of Management and Budget, said that the idea of raising tax rates on the highest income members of the populatio
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