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ECB Rate Cut is Beyond Last Resort

by Ashraf Laidi
Dec 5, 2013 16:42

Markets have reacted to NOT what the ECB said, but instead to what the ECB did NOT say.  My analysis on the euro's jump to 1.3650s, the UK autumn statement and the US GDP. Full charts & analysis here

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ECB Rate Cut is Beyond Last Resort - Eur Libor Dec 5 (Chart 1)

Act Exp Prev GMT
GDP (q/q) [P]
3.6% 3.0% 2.8% Dec 05 13:30
GDP Price Index (q/q) [P]
2.0% 1.9% 1.9% Dec 05 13:30
 
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