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The sterling rose 0.4% against the euro on Friday after a 14-day loss as UK Prime Minister Teresa May
The ECB decided at its meeting today to keep interest rates on main refinancing operations unchanged at 0.00%, interest rates on margin lending facilities at 0.25% and deposit interest rates at -0.40%. The bank also noted that interest rates may remain unchanged for a long period of time.
UK house prices rose in August, according to data from Halifax, with prices up by 1.1% versus expectations of a 0.2% rise. Over the course of a year, prices rose by 2.6%.
ANZ analysts have identified five reasons why ECB governor Mario Draghi may not speak directly about the strength of the euro at Thursday's meeting:
Stanley Fischer, the vice chair of the Federal Reserve Bank, has resigned a year before his term ends due to personal reasons in an official letter to US President Donald Trump that he will step down in October.
The Bank of Canada made a surprise move today, raising interest rates by 0.25% to 1% for the second time in a row this year. Expectations were that the bank would keep interest at 0.75%. A monetary policy report wasn't released after today's meeting and there was no press conference.
Australia's economic growth accelerated in the second quarter of 2017 as exports and consumer spending surged to ease fears about a worsening outlook. GDP expanded by 0.8% quarterly, after rising by 0.3% in the first quarter of the same year.
Russia and Saudi Arabia have discussed the possibility of extending the OPEC and Non-OPEC cut-off agreement but no final decision has been taken. The current deal cuts production until March 2018 with a recommendation from a committee of participating countries to increase production cuts if needed.
UK Services PMI index fell to 53.2 points in August from 53.8 points in the previous month, and it was slightly below expectations of 53.5 points, and it is the lowest since September 2016.
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