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UK clearer sells into EUR/GBP rally

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EUR/GBP saw a decent rally in the wake of the dreadful UK manufacturing/industrial production numbers. We got as high as .8790 before turning slightly lower. Sources report a UK clearer with strong Asian ties selling decent amount around the highs. They had earlier been reportly buying the cross, so sounds like profit-taking. We've ...

UK Analysis: Manufacturing Growth Stalls In February

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--Feb manufacturing output unch. m/m; +4.9% y/y; median +0.6;+5.8 --Feb industrial production -1.2% m/m; +2.4% y/y; median +0.4; +4.3 LONDON (MNI) - Manufacturing output growth stalled in February and industrial production fell sharply, calling into question just how much the sector will boost first quarter GDP growth, ...

UK DATA: Feb manufacturing output unch. m/m; +4.9%…

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UK DATA: Feb manufacturing output unch. m/m; +4.9% y/y; median +0.6;+5.8 --Feb industrial production -1.2% m/m; +2.4% y/y; median +0.4; +4.3 ------------------------------------------------------------------------ Manufacturing output was flat m/m in Feb, below the median for a rise of 0.6%. There was also a small down revision to Jan which now shows a 0.9% rise against ...

UK February manufacturing output flat m/m

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Much weaker than median forecast of +0.6% Industrial output -1.2% m/m, much much weaker than median forecast of +0.4%. Weakest since August 2009. Cable falls back below 1.6300, presently at 1.6290.

Russia’s Dep Econ Min: Oil prices to stay above $100 per bbl in 2012-2014

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Don't say that, please!!! Hope it's just a case of someone talking their book ;)

UK DATA: March new car registration down 7.9% y/y,…

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UK DATA: March new car registration down 7.9% y/y, the SMMT says. March registrations are up 5.5% y/y excluding scrappage volumes.

Irish bank regulator Elderfield: No action against senior debt holders in four Irish banks

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Irish banks will have to detail liquidity situation every quarter Ireland ready to impose tougher rules on banks than those set globally

Big ACB sells into EUR/USD rally

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Hearing "big" Asian central bank sold decent amount of EUR/USD up around 1.4310. I'd pretty much bet my pension it's either China continuing to sell or Korea. Anyways we're back below 1.4300, presently at 1.4297.

BOE Offers Unltd Usd In 7-Day Repo, Fixed Rate 1.11%

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LONDON ((MNI) - The Bank Of England said Wednesday it was offering an unlimited supply of U.S. dollars in a 7-day repo operation, settlement date April 8 maturing April 15 2011. The Bank said the repo would be at a fixed-rate, with the ...

Halifax: UK House Prices Nudge Higher In March

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--March House Prices Up 0.1% m/m; Down 2.9% 3m y/y --March See Largest Annual House Price Fall Since Oct 2009 --Q1 House Prices Down 0.6% q/q ...

Swiss March consumer price index +0.6% m/m, +1.0% y/y

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Fair bit stronger than median forecasts of +0.2%, +0.6% respectively. Swissy has garnered some strength from the data, the EUR/CHF cross back down at 1.3170.

UK Halifax house price index +0.1% m/m

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Compared to median forecast of +0.2%. Down -2.9% in 3 months to March vs year ago, compared to median forecast of -2.7%. Halifax says forecast remains for 2% fall in UK house prices during 2011.

Japan Off’l: Unlikely To Downgrade View In March Index Report

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-- Japan Off'l: To Smooth Out Drastic Economic Changes In March Index TOKYO (MNI) - Even if components of the coincident composite index (CI) plunge in March ...

EUR/USD extends rally

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Amid talk of Asian central bank buying. We're at 1.4290. Protection of 1.4300 barrier option interest next hurdle for euro bulls. Below some estimates of Asian regional interventions overnight: Singapore bought around $1.2 bln Malaysia bought around $700 mln Korea bought around $500 mln Philippines bought around $200 mln Indonesia bought around $100 mln. Obviously some percentage of ...

UK DATA: Halifax house price index +0.1% on month in.

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UK DATA: Halifax house price index +0.1% on month in March, -2.9% 3m/3m on year

Ireland: Cut to interest rate on 85 bn bailout due in June

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A cut in the interest rate owed on the 85 bn EU/IMF bailout is expected to be granted in June, according to sources in both Dublin and Brussels.

German economic institutes to revise 2011 growth forecast to over 2.5%

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From previous 2.0% - Source.

Moody’s takes rating actions on Portuguese banks

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Has downgraded banks by between one to two notches Bank downgrades due to Portugal's rating cut and also weakened standalone credit profile of most Portuguese banks Sovereign's reduced financial strength raises probability Portugal govt may limit its future support for banks First the country, then the banks. Euro hasn't missed a beat, inching ...

JAPAN DATA: An official of the Cabinet Office speaks.

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JAPAN DATA: An official of the Cabinet Office speaks at a briefing following the release of composite coincident, leading and lagging indexes: -- Japan Offl: Unlikely To Downgrade View in March Index Report -- Japan Offl: To Weed Out Drastic Econ Changes in Mar Index

U.S Budget talks head to brink – WSJ

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Parties far apart on 2012 spending, long-term vision as Friday deadline nears.

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