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March 29, 2012

EUR/GBP: Outflow of AUD, NZD carry trade helping GBP?

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Can the GBP benefit over the EUR based on unwinding of carry trade flows, and the advantage that the UK holds in terms of higher yields?The EUR/GBP moved strongly in favor of the GBP, despite the data from the UK being quite awful – with weaker housing prices, a drop in mortgage approvals, and a... FF News: Fundamental

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