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11 Feb 2014
Flash: GBP/USD eyes fixed on Inflation report - UOB Group
FXStreet (Barcelona) - Lee Sue Ann, Market Strategist at UOB Group notes that GBP/USD tumbled in the past week as the BoE left policy rates unchanged.
Key Quotes
“The pair is currently seen around the 1.6410 levels, after having attained lows of 1.6257 earlier last week. This week, the key focus will be the February BoE Inflation Report. We will be closely watching for indications on future rate moves and/or changes to the current asset purchase programme.”
“The accompanying press conference given by BoE Governor Carney should also line out the BoE MPC’s updated thinking on its explicit forward policy guidance. This would certainly set the agenda for UK monetary policy this year. As far as economic data is concerned, Tuesday sees the release of the BRC’s January retail sales monitor.”
“On Thursday, the RICS January housing market survey is due, followed by the ONS publication of its December construction output figures on Friday.”
Key Quotes
“The pair is currently seen around the 1.6410 levels, after having attained lows of 1.6257 earlier last week. This week, the key focus will be the February BoE Inflation Report. We will be closely watching for indications on future rate moves and/or changes to the current asset purchase programme.”
“The accompanying press conference given by BoE Governor Carney should also line out the BoE MPC’s updated thinking on its explicit forward policy guidance. This would certainly set the agenda for UK monetary policy this year. As far as economic data is concerned, Tuesday sees the release of the BRC’s January retail sales monitor.”
“On Thursday, the RICS January housing market survey is due, followed by the ONS publication of its December construction output figures on Friday.”