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Flash: As for the UK data...Yuck! - Societe Generale

FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the MPC Minutes revealed that despite better economic data and an extension to the FLS, the vote for increase asset purchases remained tight at 6-3.

He feels that the hurdle for further easing still seems low and the MPC was a bit worried about the drag from European re-balancing and fearful of further GBP strength. He writes, “We’ve had poor growth numbers and lower inflation since then, and the realisation that the MPCs bias is dovish can put sterling at any rate, under continued pressure. Gilts, of course, are merrily out-performing. Very poor retail sales, and encouraging public sector borrowing data, do that for a bond market!”

Flash: What to expect in EUR/USD on Bernanke - BMO Capital Markets

Ahead of today´s Bernanke testimony, Stephen Gallo, European Head of Currency Strategy at BMO Capital Markets has taken a look at what it could mean for EUR/USD.
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Flash: We expect the Federal Reserve Chairman to say essentially three things - BBH

Brown Brothers Harriman analysts are expecting Fed Chairman Bernanke to say three things today.
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