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1 Mar 2013
Forex Flash: UK bi-election heralds rise of UKIP - Societe Generale
Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that in the UK, the Eastleigh by-election result through up no surprise (LibDem winning with a reduced majority).
However, he highlights the rise of UKIP (UK Independence Party) to second place and he can´t see how the news is positive for GBP. He notes that the collapse of UK PMI has helped encourage the GBP bearish majority.
However, he highlights the rise of UKIP (UK Independence Party) to second place and he can´t see how the news is positive for GBP. He notes that the collapse of UK PMI has helped encourage the GBP bearish majority.