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Forex pairs in this Article » GBP/USD
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that came in slightly better this time around.

Key Quotes

"UK CBI report was on the firmer side. Total orders came in at +3 vs.+6 consensus and -2 in January."

"Export orders came at -1 vs. -16 in January, while volume of output rose to 28 from 23. This comes after recent softer than expected data from the UK over the past couple of weeks, which had dented BOE tightening expectations."

"Today, rates on short sterling contracts for late 2014/early 2015 have ticked up modestly. The price of the December 2014 contract is down (implying 1 bp higher rates) after three straight days of rising (for total implied of 8 bp lower rates)."
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