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Norges Bank one of the last hawks left........>

FOREX
FOREX: Norges Bank one of the last hawks left
-Norway's rate decision this morning contrasts with that of the Fed last night:
the Norges Bank hiked rates 25bps (alongside expectations) and projected further
rate hikes as soon as September. This was allied with decent GDP and inflation
forecast upgrades, helping press EUR/NOK well below the 9.6462 200-dma to touch
the lowest levels since November last year. Unsurprisingly, NOK sits at the top
of the G10 table ahead of the NY crossover.
-At the other end of the scale is, again, GBP, with GBP/USD testing the week's
lows again despite the acutely dovish Fed statement yesterday. UK PM May
appealed to MPs via a TV statement yesterday, which clearly reassured no-one,
leaving the chances of a disruptive No Deal Brexit uncomfortably high for bulls.
-The USD trades mixed in Europe, with the USD index paring a small portion of
yesterday's losses.
-UK retail sales, the BoE rate decision, weekly US jobless data and Eurozone
consumer confidence are the calendar highlights with a speech from BoE's Carney
also due at 1615GMT (although he's explicitly speaking on sustainable finance).

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