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Forex Flash: Upward revision in BoE inflation outlook expected – TD Securities

TD Securities analysts expect to see another upward revision to the Bank’s inflation forecasts at 10:30 GMT, as the Bank of England’s Quarterly Inflation Report is released.

“Last week’s BoE statement was more detailed that usual, and noted that, “CPI inflation is likely to rise further in the near term and may remain above the 2% target for the next two years… [but] is expected to fall back to around the target thereafter”, wrote analyst Alvin Pontoh, adding that the BoE described “a slow but sustained recovery” for the growth outlook. “In the press conference, we’ll be watching to see if Governor King has anything to say about Governor-Designate Carney’s view of the world and monetary policy, after Carney’s testimony last week”, Pontoh added.

Forex: EUR/SEK tanking after Riksbank

The Swedish krona is sharply appreciating against the single currency on Wednesday, after the Riksbank left the lending benchmark intact at 1.0%. Although it was a close call, market polls were...
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Forex: USD/CHF testing the 0.9180 resistance

The USD/CHF has recently eased during European trading in recent minutes, falling over 10 pips off its session high of 0.9187 to trade presently at 0.9174/75 at the time of writing. Earlier today in Switzerland, the Producer and Import Prices (YoY and MoM) were reported at +0.8% in January (against expectations of +1.1%) and +0.1% in January (in line with projections) respectively.
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