OctaFX | OctaFX Forex Broker
Open trading account

BoE MPC meeting minutes in focus -TD Securities

FXStreet (Łódź) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities expects to learn more about the BoE's concerns about inflation from the minutes from the last monetary policy meeting, due out today.

Key quotes

"Today’s MPC minutes will appear dated given the huge moves in equities, commodities, and rates since the meeting on 9 Oct."

"However, Brent crude had already fallen to about $90/bbl by that point, so with CPI already tracking well below the BoE’s August forecasts to begin with, and then the further downside risk from commodity prices, we may get more detail in the MPC minutes on just how concerned the BoE may be about undershooting its inflation target."

Valeria Bednarik: EUR resumes decline despite mild USD weakness - FXStreet

Speaking at FXStreet’s Live Analysis Room, FXStreet's Chief Analyst Valeria Bednarik notes that EUR/USD started falling again on Tuesday amid speculation that the ECB could start buying corporate bonds as part of its easing measures.
Read more Previous

EUR/GBP testing 0.7900/10 resistance

EUR/GBP opened the day at 0.7890, and slowly drifted higher, reaching 0.7909 in early Europe.
Read more Next
Start livechat