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BoE - negative rates likely at the moment

There are no data releases from the UK today. Sterling still remains higher influenced by last week's BoE Inflation Report. Bank of England policy makers Ben Broadbent and Martin Weale said weak U.K. inflation will be temporary and indicated that the chance of more stimulus remains low
 
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Aussie stable above 0.77 handle

Despite disappointing yesterday's job figures that showed increase in Unemployment Rate Aussie managed to rebound and is currently being traded around 0.7770 level. However, we believe that this uptrend is of short-term trends only, supported by yesterday's weaker than expected Retail Sales and Unemployment Claims figures and that the pair will head towards 0.75 handle given enough time. Today, there are no data releases from Australia.
 
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Sterling higher in the morning part of Friday's session

There is no major data releases from the UK today. Sterling is currently being traded around 1.5430 area, still supported by yesterday's BoE Inflation Report, in which it was stated that UK is far from deflation despite current downtrend in inflation, with emphasis on belief on further economic growth, and weaker than forecasted US Retail Sales data.
 
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Aussie lower in a less eventful Wednesday's session

Despite rather good Home Loans figures Aussie was pushed lower in the course of European part of today's session and is currently being traded around 0.7740 area. It seems that pair is likely to go lower since it was unable to break decisively above 0.78 handle in the past few sessions. Markets are still being influenced by last week's RBA rate cut and better than forecasted NFP figures.
 
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