Australia AiG Performance of Construction Index fell from previous 59.1 to 53.4 in October
Nov 7, 2014
BoE: Inflation report to reinforce dovish expectations - RBS
After the BoE kept its monetary policy steady on Thursday, the RBS UK Economics Team, now expects Wed Nov 12th inflation report forecasts to broadly validate market pricing for the first Bank Rate rise to come in August 2015.
Lee Hardman, FX Analyst at Bank of Tokyo-Mitsubishi UFJ, notes that EUR/USD is likely to remain under pressure as the ECB signals that door remains open for further easing, with Hardman adding that it may occur as early as next month.