The BOE Governor Carney responded to questions from the press conference, with key headlines, found below: Economic growth remains sluggish, to pick up later on investment. Some tightening needed in next three years Rates may need to rise more than markets currently...
The BOE holds benchmark interest rate at 0.25 % and asset purchase plan at 435 bln GBP, as expected. BoE keeping rates at 0.25% by 6-2. Awaiting Carney now
The 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. Governor Mark Carney will also hold a press conference.
We will follow the German Service PMI today which is expected to stabilize at 53.5 according to preliminary numbers. A better than expected realization will point to a slight recovery in the German economy. This may also support EURUSD pair. In the UK, Services PMI for July wi...
In the UK, Bank of England will announce its monetary policy decision today. The 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. Governor Mark Carney will also hold a press con...
In Turkey, CPI inflation will be the main market mover of today. Market consensus for July inflation is 0.15% which stands for 9.90% in y-o-y terms. June inflation was 10.90%. There is no consensus for PPI inflation, however, it will be quite important as cost push factors have carried domestic P...
It is expected to decline by 2.96 M this week. It may be important for oil prices which tumbled within the week. Note that oil stocks declined by 7.20M barrels in last week.
In the UK, Construction PMI for July will be announced today and is expected to ease slightly to 54.5 from 54.8 a month ago. Any weakening in the index would be considered negative for the British economy and hurt GBP/USD. Employment data out of the US will start pouring in today with t...
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