U.K. The BoE Monetary Policy Decision and Core Retail Sales in Major Market Agenda Today
In U.K. Core Retail Sales excluding fuel to be announced today. On the other hand, it is expected to show a considerable weakness with 1.9% expected y/y growth in May, following 4.5% expansion a month ago. Any realization signaling a weakness in growth performance would be considered negative amid excessive uncertainty in political developments.
Bank of England will announced its monetary policy decision today. Market does not expect a change in either 0.25% policy rate or 435 bln GBP bond buying program however a surprising revision would lead to a volatility in GBP/USD.
15 Jun 17 (Thu)
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