The Day Today 2 Dec 2013

* The view on the UK from our cousins across the pond
WSJ: For Investors, U.K. Political Risk Comes Early
* BOE releases Funding for Lending data, +£5.8bn in Q3 from +1.6bn in Q2, biggest quarter since the scheme was launched
* Ahead of Autumn Statement, the message is that there will be no ‘giveaways’
Telegraph: George Osborne warns of new curbs on housing market to avoid boom and bust
* PBOC Vice Governor Says China Forex Reserve ‘Sufficient’: Caixin {fifw NSN MX5KQP6JIJVW <GO>}
* PBOC Proposes Special Accounts to Exchange Yuan in Shanghai Zone {fifw NSN MX64O36JTSE9 <GO>}
* China Manufacturing PMI 51.4 vs 51.1exp and 51.4prior – remarkably stable
* Peter Gauweiler, Vice-Chairman of CSU (Merkel’s Bavarian sister party), says Euro area is comparable to socialist states a quarter of a century ago: “The more irreversible one considers a conglomerate, the faster it dissolves,” {NSN MX4PRG6S9728 <go>}

* The Investment Management Association is apparently pressing the FCA for ‘More Disclosure on Currency-Rigging’ {fifw NSN MX1CTJ6JTSEM <go>}

* NZ Q3 Terms of Trade strong: 7.5% vs 2.9%exp and 4.9% prior

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