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sd-10-EFTA01461809Dept. of Justice

EFTA Document EFTA01461809

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2011. 2012 2013 2014 O.KGSP curacy (ClPhiPSP )(Aar!) Copyright 201* Plownberg Virara LP. 19-3im-2014 16:37:34 0.90000 0.88000 0.86000 0.2.4000 0.82000 0.78500 it• We like this trade because • Upbeat economic data coming out of the UK is supportive of rally in equities • Monetary policies of BoE and ECB are clearly moving in opposite directions, which means BoE would hike rates much before ECB would, leading GBP to outperform EUR further DB Research expects an upside of 10% in

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Dept. of Justice
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sd-10-EFTA01461809
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