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Meanwhile, Mike van Dulken, of Accendo Markets, said: “It’ll be interesting to see whether UK Retail Sales adds to the flow of post Brexit data that has done anything but signal panic and collapse since end-June. September is seen showing a retail rebound from a weak August although the annual rate is likely to have slowed.”
Mike van Dulken, analyst at Accendo Markets, said: ‘Today’s focus will be the ECB policy update. No change expected to headline rates but markets are itching to know what Draghi’s plan is (or isn’t) in terms of its QE bond-buying stimulus programme; especially after this month’s ‘taper tantrum’. ‘Increase monthly purchases? Purchase beyond March? Change the makeup of purchases? Lower the negative yield threshold? Some, even all of the above?’
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research
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