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UK: retails sales adds some credibility to the BoE's argument . . . - ANZ

Analysts at ANZ noted that UK retail sales were much stronger than expected, rising 1.0% m/m. 

Key Quotes:

"July was also revised up (+0.6% vs +0.3% m/m). That adds some credibility to the BoE's argument that some modest adjustment (tightening) in policy is appropriate. 

The BoE cut 25bps last year because of concerns about a possible sharp growth slowdown. That hasn't really occurred. US August home sales dipped to 5.35m (mkt: 5.45m; last: 5.44m), a one-year low. Excluding the hurricane, sales would have been flat. The median price was up 5.6% y/y, totaling $253.5k."

NZD/USD, bulls have reclaimed positive territory in the mid 0.73's despite dollar rally

Currently, NZD/USD is trading at 0.7350, down -0.07% on the day, having posted a daily high at 0.7366 and low at 0.7348. Forex today: Fed proves to m
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AUD/USD: where now after FOMC, bulls look resilient, need a firm few closes above 0.8030 to resume uptrend

Currently, AUD/USD is trading at 0.8022, down -0.11% on the day, having posted a daily high at 0.8038 and low at 0.8018. FOMC's updated economic proj
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