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Thursday, 21 April 2016

Currency Market Commentaries

Euro remained on the defensive, as investors adjusted positions in the lead up to a policy meeting by the European Central Bank. The ECB is widely expected to hold interest rates unchanged at record lows, but President Mario Draghi is likely to drive home the case for ultra-loose monetary policy.

Sterling rose slightly after polls showed support for Britain remaining in the European Union rising before a June referendum. Although sterling dipped beforehand after data showed the number of unemployed in Britain rose for the first time since mid-2015 in the three months to February while earnings growth slowed, adding to
signs that the economy is slowing.

Commodity Markets:
Gold 1,251.20 /oz
Brent Spot 42.95 /barrel


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