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Sterling gets a boost

There was some fairly good news from the UK early yesterday morning, where industrial production data moved GBP/USD back above 1.53 and GBP/EUR above 1.36.

Sterling gets a boost

CD South Africa: Second wind for the rand

Just like that, the local unit is on the front foot as it starts off this morning below the 13.50/$ support level.

Global growth concerns as central banks meet

With the UK economy showing signs of cooling off, tomorrow Mark Carney will be under pressure to provide suggestions as to how inflation can be increased before any decisions can be taken on the timing of an interest rate rise in the UK.

CD South Africa: Rand losing momentum

Weak US non-farm payrolls on 2 October continue to have an effect, as the rand strengthened all the way to 13.55/$ yesterday.

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