Swedish Q2 GDP revised up to 0.7% qq and 2.6% yy, higher than even the most optimistic forecasts of 0.4% and 2.4% in a Reuters poll
SNB retains 1.20 cap on the Swiss franc and leaves the target rate for 3-month Libor at 0-0.25% as predicted in a Reuters poll
U.S. Aug #CPI -0.2% mm, first decline in nearly 1.5 yrs, close to the lowest forecast of -0.3% in a Reuters poll. Median was 0.0%
Euro zone Aug inflation revised up to 0.4% yy from flash 0.3%. Reuters poll median was also 0.3%
UK avg wkly earnings +0.6% yy in 3 mths through July,prior was -0.2%.Reuters poll median +0.5%,f’casts range -0.3% to +0.7%
BoE minutes of Sept meeting show MPC voted 7-2 to keep rates on hold, in line with Reuters poll. Weale and McCafferty back 25 bps hike again
LONDON (Reuters) – An independent Scotland would struggle to maintain an informal currency union with the rest of the United Kingdom for more than a year if it walked away from its share of the UK’s national debt, a think tank said on Tuesday.
Scottish nationalist leader Alex Salmond has said an independent Scotland might refuse to take on its share of the debt if it was not allowed to share the pound in a formal currency union.