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Beecroft: Sterling strong against Euro despite poor inflation data

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The Governor of the Bank of England Mark Carney has said UK growth will be slower than expected and low inflation will persist. The latest BoE inflation report cut growth and inflation forecasts. However, Chairman of Saxo Capital Markets Nick Beecroft remains bullish on Sterling having accurately predicted wage growth; based on private survey data versus the official Office of National Statistics data. Nick explains why he is buying Sterling versus the Euro.