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Bank of England Quarterly Inflation Report: inflation expected to get back to target in 3 years

FXStreet (London) - Referring back to comments in his opening statement that declining inflation may warrant a letter to chancellor George Osborne, Mark Carney stated during the Q&A session that the central forecast for UK inflation is for it to dip to around 1 percent but not to decline below it. Expectations are for inflation to get back to target in 3 years.

EUR/GBP rebounds to 0.7850

After challenging the 0.7800 key support, EUR/GBP has now reverted the decline and is posting fresh session highs in the 0.78500 neighbourhood...
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South Africa Retail Sales (YoY) up to 2.3% in September from previous 2.1%

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