Published at 04:50 (GMT) 17 Nov
BoE Gov Mark Carney says monetary policy along cannot solve eurozone challenges, sustainable fiscal policy, reform needed in eurozone. - BBG
On FX, BoE Gov Carney, also FSB chair, signals that ECB stimulus, easing alone is not sufficient to help Eurozone. EUR/USD at 1.2555-60, supported now on broadly weaker USD, after USD/JPY fall from 7-year highs 117.06 to 115.49-50. Now 115.72-75. Bids at 115.40-50.
EUR/USD offers at 1.2600-10, supported earlier on EUR/JPY leg as well - though now down sharply from 6-year highs of 146.40-50, to 145.30-35 now. Down from highest level since Oct 3 2008 146.82. EUR/USD range of 1.2515 to 1.2577 for now. Bids at 1.2500-10, offers 1.2580-00.
EUR/GBP at 0.7982-85, offers at 0.8000-10, bids at 0.7950-60, interest to sell on rallies, given dovish ECB. Though GBP, GBP/Crosses weighed in recent sessions due to dovish BoE QIR. WL
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