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ANZ Consumer Confidence Rises Again But Still Depressed


AUCTION PREVIEW: Sep-30 I/L Supply Due


USD/CNH Rebound Continues


(Z2) Fades Into Weekly Close


A Touch Flatter, Lowe Address Eyed

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CABLE: GBP benefiting from the improved risk tone amid a broadly weaker USD
touched 5-week highs of $1.3080, before fading. Immediate focus turns to the UK
Employment Report for July at 0830GMT. This comes after yesterday's strong July
GDP reading. The unemployment rate of 4.0% from June is expected to remain
unchanged in July. Average weekly earnings are expected to remain unchanged from
2.4% 3M y/y in June, however stripping out bonuses sees core earnings expected
to pick up from 2.7% in June to 2.8% in July, again on a 3M y/y basis. GBPUSD
last $1.3065.

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