12.09.13
Economic data:
Italy industrial production -4.3% vs. -2.7% yoy
EC industrial production -2.1% vs -0.2% yoy, -1.5% vs -0.3% mom.
16:30 – US, jobless claims
Traders and strategists’ views:
EUR
UBS: According to ECB’s Hansson the ECB has discussed another LTRO which I find quite interesting. I am pretty sure that the ECB is not very happy about the recent rise of the EUR especially against the JPY but for the moment the pain threshold might not have been reached. Europe needs inflation and not deflation in my view.
GBP
Both markets suggest that the positive GBP story seems to be priced for now. Nevertheless I still think there is more room for GBP outperformance in the medium term.
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