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14 Aug 2014
UK data continues to disappoint - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman continues noting disappointments in recent UK data releases.
Key Quotes:
"We also had weaker data out of the UK, with the RICS housing index coming in weaker than expected at 49%. UK yields continue to decline, now at levels not seen since August 2013, with the 10-year yields at 2.40%."
"Recent softness in the UK data coupled with a dovish BOE inflation report continues to weight on sterling.
Key Quotes:
"We also had weaker data out of the UK, with the RICS housing index coming in weaker than expected at 49%. UK yields continue to decline, now at levels not seen since August 2013, with the 10-year yields at 2.40%."
"Recent softness in the UK data coupled with a dovish BOE inflation report continues to weight on sterling.