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Takeaway: This a brief excerpt from Hedgeye CEO Keith McCullough's morning research.

The British Pound is up another +0.4% versus the US Dollar this morning after another solid acceleration in UK Services PMI to 62.5 in October (versus 60.3 in September).

Keep Calm (and Buy Pounds) - UK Flag and Outline Map

10-year Gilt Yields are up 10 basis points in two days. And they should be.

Reality check: Bank of England Governor Mark Carney is not Mervyn King. And Carney is not going to be like Janet Yellen either. #StrongPound.

>>>CLICK HERE for Hedgeye CEO Keith McCullough's morning conference call on Europe.

Keep Calm (and Buy Pounds) - Pound