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Moodys’s will review Portugal today – Danske Bank

FXStreet (Edinburgh) - Allan von Mehren, Chief Analyst at Danske Bank, does not expect any further upgrade of Portugal today.

Key Quotes

“Portugal is up for a potential review by Moody’s tonight and while an upgrade would be a pleasant surprise, we do not expect it”.

“Portugal has already been upgraded twice this year by Moody’s”.

“We expect Portugal to regain its first investment grade rating next month when Fitch has Portugal up for review on 10 October”.

UK IP and construction data to hint at steady Q3 GDP growth - RBS

Ross Walker, Senior UK Economist at RBS remarks that the UK industrial production and construction data, due out next week, will provide more information on the possible Q3 GDP outcome.
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Session Recap: Majors take a breather ahead of NFP

The European session brought some calm to the FX market as investors remain sidelined, digesting ECB moves and awaiting the US nonfarm payrolls report.
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