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The U.S. dollar was seen maintaining the bullish gains for the sixth consecutive day. The markets were seen trading mixed on the day.
The Bank of England held its monetary policy meeting yesterday. The central bank left interest rates unchanged as widely expected. Growth forecasts were cut, and the central bank said that inflation would remain above 2.0% at least until 2020.
The BoE, however, noted that rate hikes were warranted in the event of a Brexit deal.
There were new developments on the Brexit narrative. The EU and the UK agreed to hold a fresh round of talks on Brexit. However, the EU made it clear that the Irish backstop arrangement was not up for negotiation.
British PM May is expected to bring a new Brexit plan up for vote next week.
The German industrial production figures showed a 0.4% decline marking a drop for the fourth consecutive month. The declines were, however, not as bad as a revised 1.3% drop ...
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