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Thursday, 2 May 2013
ECB: A 25bp rate cut will do little to lower lending rates
Economists are awaiting the ECB to cut the lending rate, something that markets aren’t totally convinced with. A 25 basis point rate cut will do little to lending rates from a financial stability point of view, says John Kicklighter of DailyFX.
In the interview below, Kicklighter...
Forex - GBP/USD hits session highs after U.K. construction PMI
The pound hit session highs against the dollar on Thursday after data showed that the contraction in the U.K. construction sector slowed in April, but gains were checked ahead of a European Central Bank policy meeting later in the session.
GBP/USD hit 1.5579 during European...
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