14 May 2014
Busy UK calendar ahead - Westpac
FXStreet (Bali) - The Pound will face a few risk events during the next London session, with the the BoE quarterly inflation report the standout event to keep an eye on, notes Sean Callow, FX Strategist at Westpac.
Key Quotes
"The Bank of England’s quarterly inflation report is due in the London morning. Sustained economic growth means the first steps to reduce extraordinary monetary accommodation are drawing nearer, but the lowest inflation rate since 2009 (1.6% y/y in Mar) buys time, with Governor Carney noting considerable spare capacity in the economy which has still not quite reached its Q1 2008 peak. A busy UK calendar also includes Mar unemployment (seen edging down to 6.8%), April jobless claims and Mar average earnings."
Key Quotes
"The Bank of England’s quarterly inflation report is due in the London morning. Sustained economic growth means the first steps to reduce extraordinary monetary accommodation are drawing nearer, but the lowest inflation rate since 2009 (1.6% y/y in Mar) buys time, with Governor Carney noting considerable spare capacity in the economy which has still not quite reached its Q1 2008 peak. A busy UK calendar also includes Mar unemployment (seen edging down to 6.8%), April jobless claims and Mar average earnings."