OctaFX | OctaFX Forex Broker
Open trading account

Dovish turn of BoE’s MPC – TDS

FXStreet (Delhi) – Research Team at TDS, suggest that the BoE’s Monetary Policy Summary and minutes painted a less urgent picture to raise rates, with a lower forecast for inflation and a possible shift in the perceived timing between policy rate changes and inflation.

Key Quotes

“No surprises here: votes are 8-1 to keep Bank Rate on hold and 9-0 to maintain the current level of QE.”

“We remain comfortable with our forecast of a May 2016 Bank Rate hike, but clearly the risks are now biased towards the second half of the year rather than earlier.”

EUR/USD slumps to 1.1240, ECB weighs

The selling pressure is accelerating around the common currency on Thursday, dragging EUR/USD to the 1.1250/45 band...
Read more Previous

EUR/USD upside needs to clear 1.1300/50 – OCBC

Emmanuel Ng, FX Strategist at OCBC Bank, argued spot need to surpass the 1.1300/50 band in order to intensify the upside...
Read more Next
Start livechat