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Carney speech: BOE will ensure all necessary contingency plans are in effect

The Bank of England (BOE) outgoing Governor Mark Carney is on the wires now, via Reuters, testifying on the monetary policy report before the UK Parliament’s Treasury Select Committee (TSC).

Key quotes

BOE’s roles in coronavirus is to help economy through a shock that will be large but temporary.

India: 2020 GDP figures revised lower – UOB

Economist at UOB Group Barnabas Gan re-assessed the forecasts of economic growth in India for the current year. Key Quotes “India’s GDP decelerated fu
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GBP/USD holds steady near 1.2770 region, moves little post-UK PMI

The GBP/USD pair held steady with modest gains, around the 1.2770-75 region and had a rather muted reaction to the latest UK macro releases. The pair
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