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What to expect from BoE's Carney today? - RBS

FXStreet (Bali) - Brian Daingerfield, FX Trading Strategist at RBS, shares his thoughts on today's Bank of England Governor Carney testimony before a Treasury Committee on the BOE bill.

Key Quotes

"Bank of England Governor Carney is due to testify before a Treasury Committee on the Bank of England bill today – while the focus is thus not directly on monetary policy or the growth outlook, the Q&A on the role of the BoE may drift into a discussion of current monetary policy."

"BoE hawkish dissenter McCafferty is also due to speak today and, in light of moderating data and still-soft inflation, any hint that McCafferty has softened his conviction to hike the policy rate could be seen as a signal of how the committee as a whole will discuss the outlook in the November Quarterly Inflation Report."

USD/JPY to remain range-bound within close vicinity of 120 levels – Deutsche Bank

Taisuke Tanaka, Strategist at Deutsche Bank, believes that it will be tough for the USD/JPY to gain sufficient momentum to climb beyond 120 as the economists have lowered their US GDP forecasts to 2.4% in 2015 and 2.5% in 2016 and had also changed their outlook for the first Fed rate hike from later this year to March 2016.
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Stimulus coming, but from where? – Rabobank

Michael Every, Research Analyst at Rabobank, suggests that there is a growing market sentiment that more stimulus needs to be coming from somewhere soon.
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