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ANZ suggest that "apart from soft economic....>

FOREX
FOREX: ANZ suggest that "apart from soft economic data, trade dispute with the
US is a lingering negative for the EUR. That said, we remain constructive on the
EUR over the longer term on a likely start to monetary policy normalisation in
the euro area. We use the recent lows in EUR/Asia as a gauge to enter the market
to accumulate EUR. We expect GBP/Asia to rebound. The slump in Q1 growth was
caused by transient factors. Also, it is likely that the European Union
transition period will be extended to beyond the current timeline, which will
bode well for the GBP. We see the recent fall in GBPSGD providing a good
opportunity to go long in the pair. We recommend buying GBPSGD at 1.7862,
targeting 1.8700 with stop-loss at 1.7400."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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