Your forexlive ENewsletter

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• UPDATE: JAN BOE MINUTES: 2 MPC Members Voted For Rate Hike
• UK Mortgage Approvals Weaken Further Through December
• JAN BOE MINUTES: 2 MPC Members Voted For Rate Hike In Jan
• MPC voted 7-2 to hold rates steady
• ACB sells cable
• Cable extends rally; sell orders, stops noted
• ITALY DATA: Nov seasonally adj retail sales -0.3%….
• More Makuch: New European banking stress tests must be tougher
• Cable steadies a little as the Giant Panda scoops up a few quid
• CORRECT: ECB Calls For Bids In 91-Day Tender
• ECB Calls For Bids In 91-Day Tender At Fixed Rate Of 1.00%
• And here for your morning delectation…….
• ECB’s Makuch: Euro zone CPI may go higher in short-term
• EUR/USD steadies after early slippage; Middle East buys
• Hayashi: Japan should intervene again if dollar falls rapidly to 79.75 -Dow Jones
• OECD’s Gurria: Believes UK inflation is under control
• Fate of Finance bill rests on three Independents – Irish Times
• JAPAN DATA: The Ministry of Finance revised down its.
• Russia buys EUR/USD
• Cable gives ground early

UPDATE: JAN BOE MINUTES: 2 MPC Members Voted For Rate Hike Posted: -- Adds Detail To Version Transmitted At 0930GMT --BOE Minutes: 6 MPC Voted for Unchanged Policy; 2 for Rate Hike --BOE 1 MPC Member, Posen, Voted for stg50bln Extra QE --BOE MPC'S Sentance, Weale Voted for 25bp Rate Hike ...

UK Mortgage Approvals Weaken Further Through December Posted: --UK BBA: Dec Mortgage Approvals Stg4.095bn Vs Stg4.415bn Nov --UK BBA: Dec S.Adj Mortgage Approvals 28,726 Vs 29,696 in Nov --UK BBA: Dec Approvals For Remortgaging 24,466 Vs 26,444 In Nov --UK BBA: Dec Lending Secured On Dwellings Net Change +stg880mn LONDON (MNI) - UK ...

JAN BOE MINUTES: 2 MPC Members Voted For Rate Hike In Jan Posted: --BOE Minutes: 6 MPC Voted for Unchanged Policy; 2 for Rate Hike --BOE 1 MPC Member, Posen, Voted for stg50bln Extra QE --BOE MPC'S Sentance, Weale Voted for 25bp Rate Hike --Most MPC: Medium-term Inflation Risk ...

MPC voted 7-2 to hold rates steady Posted: Weale joined Sentance in calling for 25 bps rate hike. Cable trips stops through 1.5840 and spikes to 1.5864 before retreating again. Presently at 1.5830. Voted 8-1 to keep total QE at 200 bln, Posen as usual voted for additional 50 bln MPC considered case for rate rise in January, most members ...

ACB sells cable Posted: Above 1.5820 in recent trade. We're not alot lower though at writing, presently at 1.5817. Quite a battle going on in the 1.5820/30 area. Just been told stops through 1.5840.

Cable extends rally; sell orders, stops noted Posted: We're presently at 1.5815, having been as high as 1.5830 in recent trade. UK clearer has been notable buyer in latest push higher. Shock horror I know. Talk of sell orders clustered up at 1.5850/60. Buy stops seen through 1.5900. We're minutes away (about 15) from latest Bank of England minutes. I can feel ...

ITALY DATA: Nov seasonally adj retail sales -0.3%…. Posted: ITALY DATA: Nov seasonally adj retail sales -0.3% m/m, NSA +1.0% y/y --Nov Italy SA food sales -0.5% m/m, non-food -0.2% m/m

More Makuch: New European banking stress tests must be tougher Posted: You just can't get enough Makuch, that's what I say. Other pearls: Need discussion on stress tests parameters, too strict tests as bad as too soft tests (oh yes, heaven forbid we make them too strict) Euro will survive thanks to strengthening of euro zone's fiscal leg

Cable steadies a little as the Giant Panda scoops up a few quid Posted: Cable is steadying a little, back up around 1.5795 from session low 1.5771. Sources report China has been seen buying the pairing at lower levels.

CORRECT: ECB Calls For Bids In 91-Day Tender Posted: -- corrects announcement that rate would be fixed at 1.00% FRANKFURT (MNI) - The European Central Bank on Wednesday called for bids on its 91-day main refinancing operation. The central bank said that the rate in this ...

ECB Calls For Bids In 91-Day Tender At Fixed Rate Of 1.00% Posted: FRANKFURT (MNI) - The European Central Bank called Wednesday for bids on its weekly 91-day refinancing agreements at a fixed rate of 1.0%. Bids for the refis are due by 0830 GMT today. The central bank did not give a ...

And here for your morning delectation……. Posted: Some USD/JPY info..... I know, who really cares. But what the heck. USD/JPY sits little changed at 82.10. Talk of Kampo down at 81.90/00. Japanese importer buy orders also noted in same area. Talk of stops through 81.85 and 81.80, although guess 5 pips diffference doesn't amount to a hill of beans. Trailing buy stops ...

ECB’s Makuch: Euro zone CPI may go higher in short-term Posted: But will return toward ECB target after temporary rise

EUR/USD steadies after early slippage; Middle East buys Posted: We're back up at 1.3685 with Middle Eastern sovereign buying noted in recent trade.

Hayashi: Japan should intervene again if dollar falls rapidly to 79.75 -Dow Jones Posted: Hayashi used to be Japan's Economics Minister. To be honest not sure whether he still is.

OECD’s Gurria: Believes UK inflation is under control Posted: Phew......

Fate of Finance bill rests on three Independents – Irish Times Posted: This is probably unsettling the euro a little.

JAPAN DATA: The Ministry of Finance revised down its. Posted: JAPAN DATA: The Ministry of Finance revised down its assessment of Japan's regional economies based on reports from the representatives of its local offices who gathered for a quarterly meeting on Wednesday. The MOF said the regional economies "are pausing but they are expected to pick up." It was the ...

Russia buys EUR/USD Posted: In recent trade. We're presently at 1.3670. The pairing has seen some early slippage from around 1.3690 when I arrived. There seems to be something of a pattern lately in EUR/USD, ie Europe seems loathe to aggressively buy the pairing. The strong rallies seem to mostly come during the North American ...

Cable gives ground early Posted: Cable has given up a quick quarter of a cent or so as European trading gets underway, presently down at 1.5797. Sterling continues to reel in the wake of yesterdays rather shocking growth data. Talk of stops clustered now through 1.5740. Sell orders noted up at 1.5840/60. Focus now on latest Bank of ...