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British pound may soar or crash post polls: HSBC

Bloomberg “Nothing is priced in,” said David Bloom, global head of foreign-exchange strategy at HSBC Holdings Plc, in an interview with Bloomberg Television. “The political outcome will determine the future of the currency.” An election result that paves the way to a UK-European Union deal on Brexit could send the pound up to $1.45 by the end of next year. ...

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IMF chief hails Germany’s climate, fiscal plans

Bloomberg The German government should be applauded for its plans for fiscal stimulus and climate, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. “I want to say we have to give credit to the German authorities,” Georgieva, who took on the role last month, said in a Bloomberg TV interview, pointing to fiscal support contained in next year’s ...

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End of line for BOJ has Kuroda talking up fiscal firepower

Bloomberg Bank of Japan Governor (BoJ) Haruhiko Kuroda’s role as the prime focus for efforts to revive the world’s third-largest economy is coming to an end. An unprecedented level of concern about damaging side effects of Japan’s multi-decade experiment with ultra-low interest rates has gripped policy makers, regulators and legislators. The key takeaway: fiscal policy is set for a more ...

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